How the Loan Process Works

There can be no doubt ; getting a mortgage loan is a complex process. You wouldn't be researching mortgage loans if you could get a mortgage loan in one day with a simple application. But Wize Mortgage LLC does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

Getting a home loan involves four major steps.

Step one: determine how much you can borrow

This is a function of a couple things. 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? 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: pre-qualify for your loan

This step is where Wize Mortgage LLC will start to save you money. You will provide info on your employment, assets, and your residence history. You'll provide your employment, asset, and residence history information. We will pull get your credit report and score (with your permission. We'll review this information then will give you a letter of pre-qualification. Be careful with this letter — it is a great tool when you make your offer! Your agent will likely use the 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 picking out your new home, we're busy researching the loan that's just right for you.

Step three: apply now! We make it easy

After you've signed the offer and the sellers have accepted, it's time to apply for the loan. It couldn't be easier, and you can apply online, right here on our site. At the end of this step, we will order an appraisal of your new home.

Step four: your loan is funded

The agents will find a title company to handle the "funding" and closing. We'll coordinate with this company to ensure the papers your lender will require are avaiailable, and you'll probably}likely sign everything at this company's officeWe do all the work to coordinate with this company on your date of closing. Since you won't have to coordinate this process, you can think about moving, painting, carpet, and all the details of getting a new home.

You've answered some few questions, given us lots of information, applied online, and Before you know it, you're moving! Wize Mortgage LLC is a mortgage specialist; you're not — so we do the work. Doesn't that sound nice?

Have questions about the loan process? Call Wize Mortgage LLC at . We answer questions about the loan process every day.