The Loan Process: Four Steps

Make no mistake, there's quite a lot involved when you get a mortgage loan. You wouldn't be visiting our website if it were possible to complete a one-page loan app and get the best 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.

Step One: Decide how much you can afford

A couple of factors determine this amount. What kind of monthly payment are you looking for? What is the maximum you can borrow from a lender, given your income and credit history? You can get a good idea of your preferred payment amount 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 the rubber meets the road and you save the most money. You will provide details about your employment, your assets, and your residence history. You'll provide information on your employment, asset, and residence history. We will get your credit report and score (only after you give your permission, of course). After we have gone over all this info we will give you a pre-qualification letter. With this letter, your Realtor® will negotiate the best deal for your new home. The pre-qual letter gives you buying clout! While you're shopping for your new home, we are looking for the loan that best fits your needs.

Step Three: Apply now! We make it easy

Once you have signed an offer and the sellers have accepted, you should apply for the loan. Applying for a loan could not get much easier; you can apply online right here on our site. After the seller has accepted your offer and you have submitted your loan application, we'll order a professional appraisal on the home.

Step Four: Your loan is funded

Your Realtor® and the sellers will coordinate to designate a title company to handle the funding of your loan once it has been approved. We'll coordinate with this company to make sure all the papers your lender will need are available, and you will likely sign everything at their office. We will coordinate with this company to set your date to close. Because you won't need to worry with this coordination, you get to think about moving, paint colors, carpet, and the fun parts of moving into a new house.

Once you've answered a few questions, provided detailed information, and applied online, you'll be moving in before you know it! Mortgage Contract Services Inc is a mortgage specialist; you're not — so let the experts do the work. Doesn't that make sense?