An Overview of the Loan Process

	Shopping for a mortgage loan? We'd be thrilled to talk about our mortgage offerings! Give us a call today at (925) 271-7387. Want to get started? Apply Here.

Make no mistake, there's a lot to do when you get a mortgage loan. You wouldn't be visiting our website if it were possible to complete a simple mortgage application and get the best loan check cut in one 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.

There are four important steps involved in getting a mortgage loan.

Step one: determine how much you can borrow

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? 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 process really begins and you save the most money. You will provide info about your employment, your assets, and residence history. You'll provide your employment, asset, and residence history information. We will pull get your credit report and score (with your permission, of course). When we review all this information we will give you a letter of pre-qualification. Be careful with this letter — it can be a great tool for buying your new home! Your real estate agent will likely use the pre-qual (as they may call it) in order to make the best offer on the home you choose. The pre-qual letter gives you buying clout! While you're shopping for the home that's right for you, we're busy finding the loan that's just right for you.

Step three: apply for your loan

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

Step four: funding

Your real estate agent and the seller's will work together to decide on a title company to take care of the funding of your loan once it's approved. We'll coordinate with this company to make sure the papers your lender will require are in order, and you will probably}likely sign everything at this company's officeWe do all the work to coordinate with this company on your date to close. Because you will not need to coordinate this process, you get to think about the move, paint colors, carpet, and the details involved in getting a new house.

You've answered a few questions, provided lots of information, applied , and Before you know it, you're moving! Mason McDuffie Mortgage is a mortgage specialist; you're not — so we take care of the details. Doesn't that sound nice?

Have questions about the loan process? Call Mason McDuffie Mortgage at (925) 271-7387. We answer questions about the loan process every day.