The Four Steps of the Loan Process:The Loan Mortgage Process: Four Steps

There is little doubt that getting a mortgage is a complicated process. You wouldn't be visiting our site if it were possible to complete a simple loan app and get an excellent loan check cut the same day. But F&T Mortgage, Inc. NMLS # 168839 (www.nmlsconsumeraccess.org) does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

Getting a loan involves four major steps.

Step one: determine how much you can borrow

A couple of factors determine this amount. What kind of monthly payment are you looking for? And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you? You can get a good idea of your preferred payment abount using the calculators on our website. We'll also help you through different scenarios by asking a few simple questions. Because lender guidelines are fairly standard, we can give you a good idea of how much you can borrow after a short conversation.

Step two: complete a pre-qualification

This step is where F&T Mortgage, Inc. NMLS # 168839 (www.nmlsconsumeraccess.org) can begin to save you money. You will provide information about your current job, assets, and your residence history. You'll supply your employment, asset, and residence history information. We get your permission to pull your credit score and report. When we review this information we will provide a pre-qualification letter. Be careful with this letter — it can be a useful tool when you make your offer! With this letter, your real estate agent will negotiate the best deal for your new home. The pre-qual letter gives you buying clout! While you're shopping for a new home with your REALTOR™, we find the best program for you.

Step three: apply now! We make it easy

Once you have signed the offer and the sellers accept it, it's time to apply for the loan. Applying for your loan could not get much easier; you can apply right here on our site. Finally, we will order an appraisal of your new home.

Step four: funding

Your REALTOR® and the seller's will work together to decide on a title company to take care of the funding of your loan once it's approved. We'll coordinate with this company to ensure all the papers your lender will require are in order, and you will probably}likely sign everything at their officeWe do all the work to coordinate with the title company on your closing date. Because you will not have to worry with this coordination, you get to concentrate on the move, if you're going to repaint, new carpet, and the fun parts of moving into your new home.

You've answered some few questions, given us detailed information, applied online, and the next thing you know, you're moving in! F&T Mortgage, Inc. NMLS # 168839 (www.nmlsconsumeraccess.org) is a mortgage specialist; you're not — so we do the work. Doesn't that sound nice?

Have questions about the loan process? Call F&T Mortgage, Inc. NMLS # 168839 (www.nmlsconsumeraccess.org) at 214-300-8756. It's our job to answer lending questions, so we're happy to help!



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