About the Mortgage Loan Process

There can be no question ; getting a mortgage loan is a complex process. You would not be researching mortgage loans if it were possible to get a mortgage loan in a single day with a simple application. But Executive Lending Group, LLC does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

Getting a loan involves four major steps.

Step one: Decide on your maximum loan amount

A couple of factors determine this amount. How much of a monthly payment can you afford? What is the maximum you can borrow from a lender, given your income and credit history? You can get a good idea of your preferred payment abount using the calculators on our website. And we can guide you to the right loan amount and best program for you when you answer a few quewstions. 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: pre-qualify for your loan

This step is where Executive Lending Group, LLC can begin saving you money. You will supply information on your employment, assets, and residence history. You'll supply information on your employment, asset, and residence history. We get your permission to run your credit score and report. When we review this info we give you a pre-qualification letter. Your real estate agent will use your pre-qual (as they may call it) in order to make the best offer on the home you choose. The pre-qual letter gives you buying clout! While you're picking out your new home, we are looking for the best loan for you.

Step three: apply now! We make it easy

Once you've made an offer and it's been accepted, you should complete the loan application. Applying for your loan couldn't be much easier; you can apply right here on our site. When the time is right, we'll order an appraisal of your new home.

Step four: your loan is funded

Your REALTOR® and the seller's will coordinate to designate an escrow/title company to handle the funding of your loan. We'll coordinate with this company to ensure all the papers your lender will require are in order, and you'll probably}likely sign everything at their officeWe do all the work to coordinate with this company on your date to close. Since you won't have to worry about these details, you can concentrate on the move, if you're going to repaint, carpet, and all the details of moving into a new house.

You've answered some few questions, provided detailed information, applied online, and Before you know it, you'll be moving in! We take care of the loan details so you can focus on finding your new home.

Have questions about the loan process? Call Executive Lending Group, LLC at 8165258000. Executive Lending Group, LLC answers loan process questions every day.

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