About the Mortgage Loan Process

Make no mistake, there's a lot to do when you get a mortgage loan. You wouldn't be here on our site if you could complete a one-page loan application and receive an excellent loan check cut the same day. But Wize Mortgage LLC does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

Getting a mortgage loan involves four major steps.

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. And we can guide you to the right loan amount and best program for you when you answer a few quewstions. 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 is where the process really begins and you save the most money. You will give us details about your employment, assets, and residence history. You'll give us information on your employment, asset, and residence history. We pull your credit score and report. After we have reviewed all this info we provide a letter of pre-qualification. Your REALTOR® will likely use your pre-qual (as they may call it) to make the best offer on the home you choose. While you're looking for a new house with your real estate agent, we find the best program for you.

Step three: apply now! We make it easy

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

Step four: your loan is funded

Your REALTOR® and the seller's will coordinate to find an escrow/title company to handle the funding of your loan. We'll work with this company to ensure all the papers your lender requires are in order, and you'll probably}likely sign all these papers at this company's officeWe do all the work to work with with the title company to set your date of closing. Since you will not need to worry about these details, you can think about the move, if you're going to repaint, carpet, and all the details of moving into a new house.

You've answered a few questions, given us detailed information, applied online, and Before you know it, you'll be moving in! We take care of the loan details so you can spend your time finding your new home.

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