The mortgage loan process can be quite stressful and occasionally aggravating at times. It is our job to make the entire process as painless and as quick as possible.

Initial interview and application:

• Our inital interview (normally via telephone) takes about 10 minutes
• We will gather enough information in order for us to credit qualify your loan approval
• Once you authorize us to proceed with the pre-qualification process we will typically get back to you with an offer the same or the next day.
• Upon reviewing the offer with you we will forward you a Good Faith Estimate of Settlement Charges (GFE) and a Truth-in-Lending (TIL) for your review and approval
• Once you approve the GFE and TIL the we will forward a disclosure package to you which will include all required disclosures along with a cover sheet which will list items that you will need to return to us in order to get your loan processed.

Appraisal:  We will order the appraisal for your property upon your acceptance of the offer we provide. Please note that you will have to pay for the appraisal when the appraiser comes to complete the inspection of your home (normally between $325-375). This is the only out of pocket costs that you will pay outside of the loan closing and this fee is part of your closing costs. The reason for this is simple...the appraiser must be paid even if you should later change your mind for whatever reason and it is your appraisal.

Processing your loan for closing:

• Preliminary title report:  we will order a preliminar title report from either a title office which you choose or from one of the many that we frequently utilize
• Order Payoffs for current mortgage loan(s)
• Order payoffs for any other liens on the property
• Obtain verification of employement and utilize check stubs, W-2 forms and/or income tax forms provided by you to verify income
• Determine your Debt to income ratio using the verified income and credit report list of current obligations including the proposed new mortgage payment
• Obtain the appraisal and verify the value of the property to assist in determining final loan amount
• Once preliminary title report and appraisal is received along with your documentation, we will send your loan package to the choosen lender for final underwriting and "conditions to close"
• Follow up with lender for closing conditions
• Contact you, if necessary, for any additional items needed to close
• Determine final loan amount based on appraised value, approval, and payoffs
• Submit all final documents to lender and set up closing at title company
• Make certain all documents are received by the title company and are correct prior to closing
• Review settlement statement from title company to insure all figures are correct
• Answer any questions you may have at any time during any of these processes
• Anything else the lender requires

After receiving the disclosure package it is essential that you complete the documents and provide copies of the required documentation as soon as possible - your entire loan closing depends on our receipt of the necessary information and disclosures in order for us to obtain payoffs and to process your loan quickly and smoothly.

Once we receive the package back from you the following will occur over a period of about 21-30 days:

• The appraisal will be completed and sent to our office
• We will have a complete preliminary title report, tax certification, and any other title issues (if any)
• We will contact you if any documentation is missing from the disclosure package in order to obtain that information
• We will submit your loan package for final evaluation of all necessary documentation
• We will arrange a date/time for your loan closing which is convenient for you
• Your loan will fund and be complete!

It all sounds pretty simple..

...It actually is!

Of course, as with any major transaction in your life, there can always be "issues". This is truly where we excel! We will work diligently to resolve any issues that arise with your loan and while this may involve some additional information from you we will fully explain what the issue(s) are and how they are going to be resolved. Our mission is to make the entire loan process as painless as possible. We will keep you informed every step of the way and if you ever have any questions at all you can always contact us and we will call you immediately.

Don't wait! Apply Now!

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