We Are Here For You...
Your family's concerns are of the utmost importance to you. After all, what's more important than the well-being of those you love? When a medical emergency arises, you consult a specialist. When you face a legal issue, you turn to a trusted professional with the experience and skill to handle your needs. It's the same when it comes to your home mortgage or refinance needs.
Having the proper mortgage in place is one of the most important steps your family can take. Why trust those crucial decisions to chance? The time to choose the right mortgage consultant is before you need one. That's where I can help. As one of North Carolina's leading mortgage consultants, helping families like yours isn't just my job, it's my commitment. "Your home is one of the most important investments you'll ever make. The last thing you need is a loan that will "just do". You need a loan that will work for you today, as well as protect you tomorrow". The Approval Process... Prequalification...
Pre-qualification is generally the initial stage of the mortgage process. Using credit, income, and asset information, the lender will make a determination as to which loan programs you are eligible for and how much you may be able to afford. The information provided is strictly for the borrower's use and does not constitute loan approval. Approval...
The approval process is a substantive analysis and determination of the borrower's ability to purchase a home. The process consists of the application, processing, and underwriting. Application...
Completion of a 1003 residential loan application is the first stage of the approval and loan application process. Once completed, the loan officer will request items needed to support claims made on the application. These will include pay stubs, tax returns, W-2 forms, bank statements, and various other items dependent on the particular application. A thorough application will prevent multiple requests for additional items. Upon receipt, your application and the requested documents are compiled and turned in for processing. Processing...
The processing stage consists of verification of the items provided with what has been presented on the loan application. Loan processors will verify employment, review bank statements, review credit history, recalculate debt to income ratios, and verify that the application meets the criteria of the loan program utilized. Once the loan has been fully processed, the loan is turned over to the underwriters for loan approval. Underwriting...
This is the last stage of your pre-approval process. All the information gathered is reviewed. The underwriter verifies that the applicant meets all of the criteria of the loan program. An approval letter is issued. Congratulations! You're Ready To Buy A Home! |