HOME LOAN PROCESS
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PRE-QUALIFICATION & DOCUMENTATION The first step is to complete a full loan application, which can be done online or with the assistance of your mortgage broker. Once your application is received your mortgage broker will guide and help determine which loan program best fits your needs while informing you of the needed documentation to move forward with the process.
START SHOPPING FOR YOUR NEW HOME
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This is the fun part; you can work with a licensed real estate profes- sional that will help find that house you can call home! Along the way, they will assist in making sure you are aware of any unseen orunno- ticed issues to insure you are buying with confidence. Once you find the right place they will work on your behalf for the best terms and price of the sale.
BEGIN THE LOAN PROCESS Once all parties have agreed to the terms of the sales contract, your mortgage broker will begin collecting information to provide the best program options and terms available. A Loan Estimate will be provided to detail the loan specifics such as the interest rate, monthly payment and total closing costs. The Loan Estimate shows you what
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If you decide to move forward, the mortgage broker will ask for additional financial information for the processing of the loan.
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