How the Mortgage Loan Process Works
There can be little question ; getting a mortgage loan is a complicated process. You would not be researching mortgage loans if you could get a loan in one day by filling out a simple application. But C2 Financial Corporation does the heavy lifting so you can concentrate on your life rather than the mortgage loan.
There are four primary steps involved in obtaining a loan.
Step one: Decide how much you can afford
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 step is where C2 Financial Corporation can start saving you money. You will give us information about your employment, assets, and residence history. You'll supply information on your employment, asset, and residence history. We pull your credit score and report. After we've finished reviewing the provided information, we'll provide a pre-qualificaiton letter. With this letter, your REALTOR® will negotiate the best deal for your new home. While you're shopping for the home that's right for you, we're busy finding the loan program that's right for your unique situation.
Step three: apply now! We make it easy
Once you've made an offer and the sellers have accepted, you should apply for the loan. It couldn't be easier, and you can do it online, right here on our site. After the offer has been accepted and you have submitted your loan application, we will order a professional appraisal on the home.
Step four: funding
Your REALTOR® and the seller's will work together to find a title company to handle the funding of your loan once it has been approved. We'll work with this company to ensure all the papers your lender will require 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 to set your date to close. Since you will not have to worry with this coordination, you can concentrate on moving logistics, if you're going to repaint, new carpet, and the fun parts of getting a new house.
You've answered a few questions, provided lots of information, applied , and before you know it, you are deciding when to move in! C2 Financial Corporation is in the business of mortgage loans; you're not — so we do the work. Doesn't that make sense?
Have questions about the loan process? Call C2 Financial Corporation at 5622061550. C2 Financial Corporation answers loan process questions every day.