About the Loan Process

Make no mistake, there's quite a lot involved in oder to get a mortgage. You wouldn't be visiting our site if you could fill out a simple loan app and receive a great loan funded the same 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.

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. 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. And we can guide you to the right loan amount and best program for you when you answer a few quewstions. 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 you save the most money. You will provide info on your current job, your assets, and your residence history. You'll provide your employment, asset, and residence history information. We get your permission to pull your credit score and report. After we've reviewed the provided information, we'll provide a pre-qualificaiton letter. Your real estate agent should use the pre-qual (as they may call it) in order to make the best offer on the home you choose. While you're picking out the home that's right for you, we're busy researching the loan that's right for you.

Step three: apply now! We make it easy

Once you've made the offer and it's been accepted, it's time to complete the loan application. Applying for a loan could not be much easier; you can apply any time right here on our site. After the offer has been accepted and you have submitted your loan application, we will order the professional appraisal on the home.

Step four: funding

The agents will find a title company to handle the "funding" and closing. We'll coordinate with this company to ensure all the papers your lender requires are avaiailable, and you will probably}likely sign all these papers at this company's officeWe work with with the title company on your closing date. Since you won't need to worry with this coordination, you get to think about the move, paint colors, carpet, and the fun parts of moving into a new house.

You've answered a few questions, provided lots of information, applied online, and Before you know it, you're moving! We take care of the loan details so you can spend your time finding your new home.

Have questions about the loan process? Call Executive Lending Group, LLC at (816) 525-8000 & (81. We answer questions about the loan process every day.

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