About the Loan Process

There is little question ; getting a mortgage is a complicated process. You wouldn't be visiting our website if it were possible to complete a one-page loan app and get a great loan check cut in one day. But Executive Lending Group, LLC 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 mortgage loan.

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? 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. 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 step is where Executive Lending Group, LLC will begin saving you money. You will provide info on your current job, your assets, and residence history. You'll provide information on your employment, asset, and residence history. We will get your credit report and score (only after you give your permission, of course). When we review this info we will give you a letter of pre-qualification. Handle it with care — it can be a useful tool when you make your offer! Your REALTOR® will use the pre-qual (as they may call it) to make the best offer on the home you choose. While you're shopping for your new home, we are looking for the best loan for you.

Step three: apply now! We make it easy

Once you have made an offer and it's been accepted, it's time to apply for the loan. It's very easy, and you can apply online, right here on our site. After the offer has been accepted and you have submitted your loan application, we'll order the professional appraisal on the home.

Step four: funding

The real estate agents will find an escrow/title company to handle the "funding" and closing of the sale. We'll coordinate with this company to make sure the papers your lender will require are avaiailable, and you'll probably}likely sign all these papers at this company's officeWe do all the work to coordinate with this company to set your closing date. Since you will not have to worry with this coordination, you can think about moving, painting, new carpet, and all the details of moving into your new home.

You've answered some few questions, provided detailed information, applied online, and Before you know it, you're moving! Executive Lending Group, LLC is a mortgage specialist; you're not — so take care of the details. Doesn't that sound nice?

Have questions about the loan process? Call Executive Lending Group, LLC at (816) 525-8000. We answer questions about the loan process every day.

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