Our mission is to make the financing aspect of home buying both simple and pleasant by:
We find it helps a lot just to understand what will happen and how we make it happen.
There are fourteen steps to the process after you have selected the home you want to buy.
 |
Complete an application. It is easiest to do online. Nobody likes to fill out applications, but you can do it from the comfort of your home and take as much time as you need to compile the documents needed to complete the application.
There are a couple of points in the application process that are critical. First, be as complete as possible. The information is going over a secure web site so it will be safe and it is important to the process that as much as you can fill in you do.
Second, be accurate. If you make $26,400 a year, don't say you make $27,000 or even $26,500. All of the information is used to qualify you for a specific loan program and inaccurate information may force us to start over when it is least convenient for you.
|
 |
We'll review the application for essential information and collect the additional required information to pre-qualify you. If you were complete in step 1, there will be no further requirements from you at this point. |
 |
We will then pull your credit history and establish your credit score. |
 |
Credit reports often contain problems that have to be resolved. We will notify you of any problems you have on your credit report and help you to the extent we can in getting these items resolved. |
 |
We will pre-qualify you to see if you will be able to get the mortgage you want. (Note that this is not the final qualification, it is a quick look based on the information you've provided. The final qualification will require you provide verification of that key information to the satisfaction of the lender.) |
 |
We will prepare a copy of a good faith estimate of the closing costs. |
 |
You will assemble the documentation needed to qualify you for the loan. Use the checklist provided (on line) to organize your information. If you will do a thorough and careful job of assembling the documents listed, it will save you future trips to our office. |
 |
We will meet with you to go over the application, review your documents, make sure we have all of the correct information needed, and answer your questions. |
 |
With your credit score and lender information in hand, we are finally in a position to identify an appropriate loan program for you. |
 |
Your application and all documents will be sent to the lender's underwriting department to qualify you for the loan. |
 |
The lender will return to us a list of conditions. We will review these items with you and implement a plan to meet the lender's conditions. |
 |
When we are within 30-60 days of your expected closing, we will lock the interest rate for you. |
 |
We will have all the formal loan documents prepared. Although it sometimes isn't possible, we attempt to get these documents to you before the scheduled closing so you have plenty of time to review them and ask any questions. |
 |
We will meet with you, the seller and the title company at closing. Here you will sign the documents and will receive the keys to your new home. |
There is a lot of work and there are a lot of people involved throughout this process. At times it seems frustrating, but it will go the most smoothly if you will remember two key points. #1 Disclose everything, and #2 No surprises. In other words, be sure that you are completely accurate in your application and you bring up every possible problem with your credit to your loan officer so they can be dealt with in an orderly and efficient manner.
medialeague, inc.
join our mailing list
why garbett mortgage?
