The Loan Process: an Overview
Searching for a loan? We will be glad to assist you! Call us at 623-340-0934. Ready to get started? Apply Online Now
Make no mistake, there's quite a lot to do when you get a mortgage loan. You wouldn't be here on our site if it were possible to complete a one-page loan app and get a great loan funded the same day. We do the heavy lifting for you, so you can concentrate on what's important — preparing to move into your new home or saving money.
There are four primary steps involved in getting a loan.
Step one: Decide how much you can afford
This is a function of a couple things. What kind of monthly payment are you looking for? What is the maximum you can borrow from a lender, given your income and credit history? Use the calculators on our website to determine your monthly payment amount. We'll also help you through different scenarios by asking a few simple questions. Based on standard lender guidelines, we'll get you a good idea of what kind of terms and loan program you can expect to benefit most from.
Step two: complete a pre-qualification
This is where Arizona Wholesale Mortgage Inc. will begin to save you money. You will give us information on your employment, your assets, and residence history. You'll provide information on your employment, asset, and residence history. We run your credit score and report. After we've reviewed this information, we'll provide a pre-qualification letter. With this letter, your real estate agent will negotiate the best deal for your new home. While you're shopping for your new house with your REALTOR™, we find the best program for you.
Step three: apply now! We make it easy
Once you have made an offer and it's been accepted, it's time to complete the loan application. Applying for your loan couldn't be much easier; you can apply right here on our site. After the offer has been accepted and you have applied for your loan, we will order a professional appraisal on the home.
Step four: funding
The real estate agents will find a title company to handle the "funding" and closing. We'll work with this company to make sure all the papers your lender needs are available, and you will likely sign everything at this company's office. We will work with the title company to set your date to close. Since you will not need to coordinate this process, you can concentrate on the move, painting, new carpet, and all the details of getting a new home.
Once you've answered some few questions, provided detailed information, and applied online, you'll be moving in before you know it! We do the legwork so you can spend your time finding your new home.
Have questions about the loan process? Call Korene and the KLCSLoanteam at 623-340-0934. Arizona Wholesale Mortgage Inc. answers loan process questions every day.