The Mortgage Loan Process: an Overview

There's quite a lot to do in order to get a mortgage. You wouldn't be here on our website if you could fill out a simple application and get a great loan check cut the same day. But City View Group does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

Getting a mortgage loan involves four major milestones.

Step one: Decide how much you can afford

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. And we can guide you to the right loan amount and best program for you when you answer a few 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 City View Group will start to save you money. You will give us information about your current job, your assets, and residence history. You'll supply your employment, asset, and residence history information. We pull your credit score and report. After we've reviewed the provided information, we'll give you a pre-qualification letter. Your agent will use your pre-qual (as they may call it) to make the best offer on the home you choose. The pre-qual letter gives you buying clout! While you're looking for your new home with your real estate agent, we find the best program for you.

Step three: apply for your loan

After you've 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 any time 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

The real estate agents will find a title company to handle the "funding" and closing. We'll coordinate with this company to make sure the papers your lender will need are in order, and you'll probably}likely sign all these papers at this company's officeWe work with with this company to set your closing date. Since you don't have to worry about these details, you get to concentrate on moving, painting, carpet, and the details involved in getting a new house.

You've answered some few questions, provided detailed information, applied , and Before you know it, you're moving! We do the legwork so you can focus on finding your new home.