An Overview of the Mortgage Loan Process

	In the market for a new mortgage loan? We'd be thrilled to talk about your mortgage needs! Call us at 8102296669. Ready to get started? Apply Here.

There's little question that getting a mortgage is a complex process. You wouldn't be visiting our website if it were possible to complete a one-page loan app and get an excellent 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.

Getting a mortgage loan involves four major milestones.

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? Use the calculators on our website to determine your monthly payment amount. And we can guide you to the right loan amount and best program for you when you answer a few 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 the rubber meets the road and you save the most money. You will give us information on your current job, assets, and residence history. You'll give us your employment, asset, and residence history information. We will pull get your credit report and score (only after you give your permission, of course). When we review this info we will provide a pre-qualification letter. With this letter, your REALTOR® will negotiate the best deal for your new home. The pre-qual letter gives you buying clout! While you're picking out the home that's right for you, we are finding the best loan program for you.

Step three: apply now! We make it easy

Once you have made the offer and the sellers have accepted, it's time to apply for the loan. It's very easy, and you can do it online, right here on our website. When the time is right, we will order an appraisal of your new home.

Step four: funding

Your REALTOR® and the seller's will work together to find a title company to take care of the funding of your loan once it's approved. We'll work with this company to make sure the papers your lender needs are available, and you will probably}likely sign everything at their officeWe work with with this company on your closing date. Because you don't need to worry about these details, you get to think about moving logistics, paint colors, carpet, and all the details of moving into your new home.

You've answered some few questions, provided detailed information, applied , and before you know it, you're deciding when to move in! Livingston Lending is a mortgage specialist; you're not — so we take care of the details. Doesn't that sound nice?

Have questions about the loan process? Call Livingston Lending at 8102296669. Livingston Lending answers loan process questions every day.