An Overview of the Mortgage Loan Process

There's quite a lot to do in oder to get a mortgage. You wouldn't be here on our website if it were possible to complete a one-page loan app and get the best 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 home loan involves four major milestones.

Step one: Decide how much you can afford

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

This is where Wize Mortgage LLC will start to save you money. You will give us information on your employment, assets, and your residence history. You'll supply your employment, asset, and residence history information. We pull your credit score and report. After we've reviewed your information, we'll give you a pre-qualificaiton letter. Handle it with care — it is a great tool for buying your new home! 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 deciding on the home that's right for you, we're busy finding the loan that's right for your unique situation.

Step three: apply now! We make it easy

Once you have made an offer and it's been accepted, you should complete the loan application. It's very easy, and you can do it online, right here on our site. At the end of this step, we'll order an appraisal of your new home.

Step four: funding

Your real estate agent and the seller's will coordinate to decide on 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 requires are avaiailable, and you will probably}likely sign everything at their officeWe do all the work to coordinate with the title company on your date of closing. Because you don't have to worry about these details, you can think about moving logistics, painting, carpet, and the details involved in getting your new house.

You've answered some few questions, given us lots of information, applied , and Before you know it, you'll be moving! Wize Mortgage LLC is in the business of loans; you're not — so take care of the details. 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.