The mortgage process has never been so complex. More than ever, it’s important to work with a seasoned loan officer; one who will take time to assure that you have a comfortable grasp of your mortgage product and will gently guide you through the entire loan process. Our wide variety of competitive mortgage options makes Marketplace Home Mortgage a smart choice. Whether you are a first-time home buyer or are trading up, you owe it to yourself to work with a mortgage professional whose expertise you can rely upon.
Having originated thousands of mortgage loans during my 30+ year mortgage career, I maintain the highest level of customer satisfaction. Please contact me if I may be of service to you. It would be a great privilege help arrange your mortgage financing.
Before you start looking for a home to buy, it’s a good idea to meet with your Loan Officer to get pre-approved for a loan amount. At this stage, the lender gathers information about income, assets and debts of the borrower (you) to determine how much house you may be able to afford. This includes a credit report, W-2 forms, pay stubs, Federal Tax Returns and recent bank statements. There are a variety of different loan programs, so make sure to get pre-qualification for the specific programs that best suit your needs.
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When you find property you’re ready to buy, your lender will help you complete a full mortgage loan application, and talk you through the various fees and down payment options. The application is submitted to processing, where the documents are reviewed and appraisals and title examination are ordered. Then the loan is sent to an underwriter, who reviews and approves the entire loan if it meets compliance.
Don’t be surprised if you’re asked for additional documentation or clarification throughout the process. Once your loan is approved, don’t forget to set up homeowners insurance. Your documents will be sent to the title company, where you’ll sign for the new home and pay any remaining costs. Then the loan is recorded and you get the keys. Congratulations, happy homeowner!