About the Loan Process
There can be no doubt ; getting a mortgage is a complicated process. You would not be looking up loan information if you could get a mortgage loan in one day by filling out a simple application. But Sublime Financial, LLC does the heavy lifting so you can concentrate on your life rather than the mortgage loan.
Getting a home loan involves four major steps.
Step one: Decide how much you can afford
A couple of factors determine this amount. 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? You can get a good idea of your preferred payment abount using the calculators on our website. We'll also help you through different scenarios by asking a few simple questions. Because lender guidelines are fairly standard, we can give you a good idea of how much you can borrow after a short conversation.
Step two: pre-qualify for your loan
This is where Sublime Financial, LLC can begin to save you money. You will supply details about your current job, your assets, and your residence history. You'll give us your employment, asset, and residence history information. We will pull get your credit report and score (only after you give your permission, of course). When we review this info we will give you a letter of pre-qualification. Be careful with this letter — it is a useful tool for buying your new home! Your agent should 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 picking out your new home, we're busy finding the loan that's just right for your situation.
Step three: apply now! We make it easy
Once you have made an offer and the sellers accept it, it's time to apply for the loan. Applying for a loan couldn't get much easier; you can apply any time right here on our site. When the time is right, we'll order the appraisal of your new home.
Step four: funding
The agents will find a title company to handle the "funding" of the loan and closing of the sale. We'll coordinate with this company to ensure all the papers your lender will need are avaiailable, and you'll probably}likely sign all these papers at their officeWe work with with this company to set your date of closing. Because you don't need to worry with this coordination, you can concentrate on the move, paint colors, carpet, and the details involved in moving into a new home.
You've answered some few questions, provided lots of information, applied online, and Before you know it, you're moving in! We take care of the loan details so you can focus on finding your new home.
Have questions about the loan process? Call Sublime Financial, LLC at 9722920448. We answer questions about the loan process every day.