The Mortgage Loan Process: an Overview

	Shopping for a mortgage? We can help! Give us a call today at 800.465.1404.1002. Ready to get started? Apply Here.

There can be no question that getting a mortgage loan is a complex process. You wouldn't be visiting our site if it were possible to fill out a one-page loan app and get the best loan check cut the same day. But Western Reliance Funding Group, Inc. does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

Getting a loan involves four major steps.

Step one: Decide on your maximum loan amount

This is a function of a couple things. 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. And we can guide you to the right loan amount and best program for you when you answer a few 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 Western Reliance Funding Group, Inc. will begin to save you money. You will give us information on your current job, your assets, and residence history. You'll provide information on your employment, asset, and residence history. We get your permission to pull your credit score and report. After we've finished reviewing your information, we'll provide a pre-qualification letter. With this letter, your real estate agent will negotiate the best deal for your new home. While you're deciding on your new home, we're busy finding the loan that's right for your unique situation.

Step three: apply for your loan

After you've made the offer and the sellers have accepted, you should apply for the loan. Applying for a loan couldn't be much easier; you can apply online right here on our site. After the seller has accepted your offer and you have applied for your loan, we'll order a professional appraisal on the home.

Step four: your loan is funded

The real estate agents will find a title company to handle the "funding" and closing. We'll work with this company to ensure the papers your lender requires are in order, and you'll probably}likely sign all these papers at this company's officeWe work with with the title company on your date to close. Because you won't need to worry with this coordination, you get to concentrate on moving logistics, if you're going to repaint, new carpet, and all the details of getting your new home.

You've answered some few questions, provided detailed information, applied , and Before you know it, you're moving! We take care of the loan details so you can spend your time finding your new home.

Have questions about the loan process? Call Western Reliance Funding Group, Inc. at 800.465.1404.1002. It's our job to answer lending questions, so we're happy to help!