The Chandler Mortgage Loan Process: Four Steps
There's no doubt that getting a mortgage is a complex process. You wouldn't be visiting our site if it were possible to complete a one-page application and receive an excellent loan funded in one 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.
Step One: Determine how much you can borrow
This is a function of a couple things. How much of a monthly payment can you afford? 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 the rubber meets the road and Chandler Mortgage LLC can really save you money. You will give us details about your employment, assets, and your residence history. You'll supply information on your employment, asset, and residence history. We get your permission to run your credit score and report. After we've reviewed this information, we'll provide a pre-qualification letter. Be careful with this letter — it is a great tool when you make your offer! 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 your new home, we are researching the loan that best fits your needs.
Step Three: Apply now! We make it easy
Once you've made an offer and it's been accepted, you should apply for the loan. Applying for a loan couldn't get much easier; you can start the process online right here on our site. After the seller has accepted your offer and you have submitted your loan application, we will order the professional appraisal on the home.
Step Four: Funding
The real estate agents will find a title company to handle the "funding" and closing. We'll coordinate with this company to make sure all the papers your lender requires are available, and you will likely sign everything at this company's office. We will coordinate with this company to set your date of closing. Because you won't have to worry about these details, you can think about moving logistics, paint colors, new carpet, and the fun parts of moving into a new house.
After you have answered a few questions, provided detailed information, and applied, you're ready to move in! We take care of the loan details so you can focus on finding your new home.