The Four Steps of the Loan Process:The Loan Mortgage Process: Four Steps

Make no mistake, there's a lot to do in order to get a mortgage. You wouldn't be here on our site if it were possible to fill out a simple loan app and receive the best loan check cut the same day. But Jadestone Mortgage Inc. does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

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

Step one: Decide on your maximum loan amount

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. 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 the rubber meets the road and Jadestone Mortgage Inc. can really save you money. You will give us information about your employment, assets, and your residence history. You'll supply your employment, asset, and residence history information. We pull your credit score and report. We'll review all this info then provide a pre-qualification letter. Handle it with care — it is a great tool when you make your offer! With this letter, your REALTOR® will negotiate the best deal for your new home. While you're picking out your new home, we're busy finding the loan program that's just right for your situation.

Step three: apply now! We make it easy

Once you've made an offer and it's been accepted, it's time to complete the loan application. Applying for a loan couldn't get much easier; you can apply any time right here on our site. After the seller has accepted your offer and you have applied for your loan, we'll order a professional appraisal on the home.

Step four: funding

Your REALTOR® and the seller's will work together to find an escrow/title company to handle the funding of your loan. We'll coordinate 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 coordinate with the title company on your date to close. Since you won't have to worry about these details, you can think about moving logistics, painting, carpet, and all the details of moving into your new house.

You've answered a few questions, given us lots of information, applied , and Before you know it, you'll be moving! We do the legwork so you can focus on finding the new home that's right for you.