How the Mortgage Loan Process Works

There is no doubt that getting a mortgage is a complex process. You wouldn't be here on our site if you could complete a one-page loan app and receive a great loan check cut the same day. We do the heavy lifting for you, so you can concentrate on what's important — preparing to move into your new home or saving money.

Getting a loan involves four major milestones.

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. And we can guide you to the right loan amount and best program for you when you answer a few quewstions. Based on standard lender guidelines, we'll get you a good idea of what kind of terms and loan program you can expect to benefit most from.

Step two: pre-qualify for your loan

This step is where Halpern & Associates Mortgage Corporation can start to save you money. You will give us info about your employment, assets, and your residence history. You'll give us information on your employment, asset, and residence history. We will get your credit report and score (only after you give your permission. We will review all this information and will give you a pre-qualification letter. Handle it with care — it can be a great tool for buying your new home! Your REALTOR® should 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 REALTOR™, we find the best program for you.

Step three: apply for your loan

After you've signed the offer and the sellers have accepted, it's time to apply for the loan. It's very easy, and you can apply online, right here on our website. At the end of this step, we will order the appraisal of your new home.

Step four: your loan is funded

The agents will find a title company to handle the "funding" and closing. We'll work with this company to make sure the papers your lender requires are in order, and you will probably}likely sign everything at their officeWe do all the work to coordinate with this company to set your date of closing. Since you will not have to worry about these details, you can concentrate on moving, paint colors, carpet, and the fun parts of moving into a new house.

You've answered a few questions, given us 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 the new home that's right for you.

Have questions about the loan process? Call Halpern & Associates Mortgage Corporation at (305) 535-2230. Halpern & Associates Mortgage Corporation answers loan process questions every day.

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