An Overview of the Loan Process
No doubt, a lot involved when you get a mortgage loan. You would not be researching mortgage loans if it were possible to get a 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 milestones.
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? 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. 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 is where Executive Lending Group, LLC can start to save you money. You will give us details about your current job, your assets, and your residence history. You'll supply your employment, asset, and residence history information. We run your credit score and report. When we review this info we will give you a letter of pre-qualification. With this letter, your REALTOR® will negotiate the best deal for your new home. While you're shopping for a new house with your real estate agent, we find the best program for you.
Step three: apply now! We make it easy
Once you have made the offer and the sellers accept it, it's time to apply for the loan. It couldn't be easier, and you can apply online, right here on our website. When the time is right, we'll order an appraisal of your new home.
Step four: your loan is funded
The agents will find a title company to handle the "funding" and closing of the sale. We'll coordinate 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 work with with the title company on your date to close. Since you won't need to worry about these details, you can concentrate on the move, if you're going to repaint, new carpet, and the details involved in getting your new house.
You've answered a few questions, provided detailed information, applied , and before you know it, you're deciding when to move in! Executive Lending Group, LLC is in the business of loans; you're not — so we 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 & (81. It's our job to answer lending questions, so we're happy to help!