Home Loan Application Contact Us Staff Profiles

The Loan Process: an Overview

Make no mistake, there's a lot involved in oder to get a mortgage. You would not be researching mortgage loans if it were possible to get a loan in one day with a simple application. But Town & Country Home Loans, Inc. does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

There are four important steps involved in obtaining a loan.

Step one: Decide on your maximum loan amount

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? You can get a good idea of your preferred payment abount using the calculators on our website. 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 Town & Country Home Loans, Inc. can really save you money. You will supply info about your current job, assets, and your residence history. You'll provide information on your employment, asset, and residence history. We run your credit score and report. After we've reviewed your information, we'll give you a pre-qualificaiton letter. Your REALTOR® will use the pre-qual (as they may call it) to make the best offer on the home you choose. The pre-qual letter gives you buying clout! While you're shopping for a new home with your REALTOR™, we find the best program for you.

Step three: apply now! We make it easy

Once you've made the offer and the sellers have accepted, you should complete the loan application. Applying for your loan could not get much easier; you can apply any time right here on our site. Finally, we'll order an appraisal of your new home.

Step four: funding

The agents will find an escrow/title company to handle the "funding" and closing. We'll coordinate with this company to ensure all the papers your lender needs are in order, and you will probably}likely sign everything at this company's officeWe do all the work to work with with the title company on your date of closing. Because you won't need to worry about these details, you get to concentrate on the move, paint colors, new carpet, and all the details of getting a new house.

You've answered some few questions, given us lots of information, applied online, and Before you know it, you'll be moving in! We take care of the mortgage legwork so you can spend your time finding your new home.

Have questions about the loan process? Call Town & Country Home Loans, Inc. at (760)789-9995. We answer questions about the loan process every day.

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