6 Steps to Home Buying

1. CONVERSATION:

Step One is critical to set the stage for your home buying experience. You and your loan officer will review what type of buyer you are, first time, move up, move down, investor. They will also review your goals for the transaction and help set realistic expectations upfront.

2. APPLICATION:

Vitaly important to complete the application as thoroughly as possible. The application is a blueprint for the loan officer to determine all the available loan programs that will best suite you and specific mortgage needs. The loan will order a credit report upon compoletion of the application at no cost to you.

3. PRE-APPROVAL:

Here at the Mortgage Garage, we pre-approve 90% of borrowers within in hours of completing a loan application.

4. DOCUMENTS:

With the pre-approval we will generate a pre-appoval and a list of ducments we will need to formal apporve and fund your loan.

5. FIND A HOME:

Once you find a home and the seller accepts your offer an appraisal will be ordered.

6. FINAL APPROVAL:

Once the appriasal is complete the underwriter complete the formal approval and generates a clear to close.

7. CLOSING:

Your loan documents will be electronicly send to the title company for final notorized signatures. Your new home mortgage will fund the day you sign or the next business day.