How the Mortgage Loan Process Works
Shopping for a mortgage loan? We'd be thrilled to talk about your mortgage needs! Give us a call at (208) 726-5466. Ready to get started? Apply Online Now
No doubt, quite a lot involved when you get a mortgage loan. You would not be looking up loan information if you could get a loan in one day by filling out a simple application. But Alpine Capital Mortgage does the heavy lifting so you can concentrate on your life rather than the mortgage loan.
There are four important steps involved in obtaining a loan.
Step one: Decide on your maximum loan amount
A couple of factors determine this amount. How much of a monthly payment can you afford? What is the maximum you can borrow from a lender, given your income and credit history? You can get a good idea of your preferred payment amount 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 is where Alpine Capital Mortgage will start to save you money. You will give us info on your current job, your assets, and residence history. You'll provide your employment, asset, and residence history information. We pull your credit score and report. After we've finished reviewing the provided information, we'll give you a pre-qualification letter. With this letter, your real estate agent will negotiate the best deal for your new home. While you're picking out your new home, we are researching the loan that best fits your needs.
Step three: apply now! We make it easy
Once you have made an offer and the sellers have accepted, you should apply for the loan. It's very easy, and you can apply online, right here on our site. After the seller has accepted your offer and you have submitted your loan application, we will order the professional appraisal on the home.
Step four: your loan is funded
Your real estate agent and the seller's will work together to designate a title company to take care of the funding of your loan. We'll work with this company to ensure all the papers your lender will require are in order, and you'll probably}likely sign everything at this company's officeWe do all the work to work with with this company on your date of closing. Since you won't need to worry about these details, you can concentrate on moving logistics, paint colors, new carpet, and all the details of getting a new house.
You've answered some few questions, given us lots of information, applied online, and Before you know it, you'll be moving! Alpine Capital Mortgage is in the business of loans; you're not — so we do the work. Makes sense, doesn't it??
Have questions about the loan process? Call Alpine Capital Mortgage at (208) 726-5466. Alpine Capital Mortgage answers loan process questions every day.