applying for a loan
Once you select us to obtain your home loan, you'll be amazed at how quickly and simply the loan process moves. Before you know it, you'll have a mortgage that suits your lifestyle and saves you money.
Throughout the loan application process, we provide you with regular updates. You can also contact us with questions or new information. And if you want assistance, a mortgage expert who can answer questions is just a phone call away.
STEP ONE | Get Pre-Approved
Meet with one of our Preferred Home Lending mortgage representatives to become pre-approved. This process will not only pinpoint the price range for your search, but give you a negotiating position for when you put an offer on the house.
STEP TWO | Choose your Loan
With so many loan programs to choose from, it can be difficult deciding which loan is best for you. During the application process, your lender will walk you through all of the options in order to match your needs with the best loan program.
STEP THREE | Lock in your rate
If you have a Purchase and Sale Agreement, you can lock-in your interest rate. In most instances, you have the choice to either lock your loan at a set rate and fee for up to 30, 45, or 60 days, depending on the lock-in period you’ve selected, or you can let the loan float. Your lender can help you decide, but the final decision is up to the borrower.
STEP FOUR | Your Loan is Approved, Processed and Funded!
Now that you're closer to the actual purchase price, you will be working more in-depth with your lender on your final loan approval. You will chose your Escrow/Title Company to handle the funding of your loan, along with many other factors which make your purchase go smoothly.
We will coordinate with the escrow team and you'll sign the final papers at their office. Simple, Straightforward, Cost Effective, and FAST!