An Overview of the Mortgage Loan Process

Looking for a mortgage loan? We'll be glad to discuss your mortgage needs! Call us at 727-393-9399. Want to get started? Prequalify Here.

There's a lot involved when you get a mortgage loan. You wouldn't be visiting our website if it were possible to fill out a simple mortgage application and receive the best loan check cut in one day. But America's Mortgage Link, Inc. NMLS#210275 does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

Getting a home loan involves four major milestones.

Step one: Decide how much you can afford

This is a function of a couple things. How much of a monthly payment can you afford? 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. 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: complete a pre-qualification

This is where the rubber meets the road and you save the most money. You will give us info about your current job, assets, and residence history. You'll give us your employment, asset, and residence history information. We will review your credit report and credit score  - with your permission. We will go over all this information and then we will provide a pre-qualification letter, once you are prequalified. Your agent will likely use the pre-qual (as they may call it) to make the best offer on the home you choose. The pre-qual letter gives you buying clout! While you're picking out the home that's right for you, we're busy finding the loan program that's right for your unique situation.

Step three: 

Once you've made the offer and it's been accepted, you should contact us to begin your loan application process asap. We will process your loan application and your income & asset documentation for submission to the underwriter for conditional approval. We will coordinate your title work, appraisal order and any other items needed for your loan process to be completed, so the underwriter can issue your CLEAR TO CLOSE!!   CONGRATULATIONS YOU ARE NOW A  NEW HOME OWNER!!

Have questions about the loan process? Call America's Mortgage Link, Inc. NMLS#210275 at 727-393-9399. America's Mortgage Link, Inc. NMLS#210275 answers loan process questions every day.

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