About the Loan Process

No doubt, a lot involved when you get a mortgage loan. You would not be researching mortgage loans if you could get a mortgage loan in a single 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.

There are four main steps involved in getting a mortgage loan.

Step one: determine how much you can borrow

A couple of factors determine this amount. 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: complete a pre-qualification

This is where Wize Mortgage LLC will start saving you money. You will give us details on your employment, assets, and your residence history. You'll provide your employment, asset, and residence history information. We will get your credit report and score (with your permission. We'll review all this information and will provide a letter of pre-qualification. Handle it with care — it can be a useful tool when you make your offer! With this letter, your REALTOR® will negotiate the best deal for your new home. While you're deciding on the home that's right for you, we are looking for the loan that best fits your needs.

Step three: apply now! We make it easy

Once you have made an offer and the sellers accept it, you should apply for the loan. Applying for your loan could not be much easier; you can apply online right here on our site. Finally, we'll order the appraisal of your new home.

Step four: your loan is funded

The agents will find a title company to handle the "funding" of the loan and closing of the sale. We'll work with this company to ensure 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 coordinate with this company to set your date to close. Since you don't need to worry about these details, you get to think about moving, painting, carpet, and the fun parts of getting your new house.

You've answered a few questions, given us lots of information, applied , and the next thing you know, you're moving in! We take care of all the loan details so you can focus on finding the new home that's right for you.

Have questions about the loan process? Call Wize Mortgage LLC at . It's our job to answer lending questions, so we're happy to help!