About the Mortgage Loan Process

There's little doubt that getting a mortgage is a complicated process. You wouldn't be looking up loan information if it were possible to get a mortgage loan in one day with a simple application. But Affinity Mortgage Brokers does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

There are four main steps involved in getting a loan.

Step one: Decide on your maximum loan amount

This is a function of a couple things. How much of a monthly payment can you afford? What is the maximum you can borrow from a lender, given your income and credit history? You can get a good idea of your preferred payment abount using the calculators on our website. And we can guide you to the right loan amount and best program for you when you answer a few quewstions. 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 the rubber meets the road and Affinity Mortgage Brokers can really save you money. You will supply details about your current job, assets, and your residence history. You'll give us information on your employment, asset, and residence history. We get your permission to run your credit score and report. After we have gone over this information we will provide a pre-qualification letter. Handle it with care — it is a great tool when you make your offer! Your real estate agent will use the pre-qual (as they may call it) to make the best offer on the home you choose. While you're shopping for your new house with your agent, we find the best program for you.

Step three: apply now! We make it easy

Once you have made an offer and it's been accepted, it's time to complete the loan application. It's very easy, and you can do it online, right here on our website. After the offer has been accepted and you have applied for your loan, we'll order a professional appraisal on the home.

Step four: funding

Your real estate agent and the seller's will coordinate to find a title company to take care of the funding of your loan once it's approved. We'll work with this company to ensure all the papers your lender requires are avaiailable, and you will probably}likely sign everything at this company's officeWe work with with this company on your closing date. Since you will not need to coordinate this process, you get to think about moving logistics, paint colors, new carpet, and the fun parts of getting your new home.

You've answered a few questions, given us detailed information, applied , and before you know it, you are deciding when to move in! We do the mortgage legwork so you can spend your time finding your new home.

Have questions about the loan process? Call Affinity Mortgage Brokers at 719-331-6278. We answer questions about the loan process every day.

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