The Four Steps of the Loan Process:The Loan Process: Four Steps

Make no mistake, there's quite a lot involved when you get a mortgage. You would not be looking up loan information if it were possible to get a mortgage loan in a single day with a simple application. But Affinity Lending Inc does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

There are four primary steps involved in getting a mortgage loan.

Step one: Decide how much you can afford

A couple of factors determine this amount. What kind of monthly payment are you looking for? 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. We'll also help you through different scenarios by asking a few simple questions. 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 Affinity Lending Inc will 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 get your permission to run your credit score and report. After we've finished reviewing the provided information, we'll provide a pre-qualificaiton letter. Be careful with this letter — it is a great tool for buying your new home! Your real estate agent will use the pre-qual (as they may call it) to make the best offer on the home you choose. The pre-qual letter gives you buying clout! While you're shopping for a 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 apply for the loan. Applying for a loan could not be much easier; you can apply any time right here on our site. Finally, we'll order an appraisal of your new home.

Step four: funding

Your real estate agent and the seller's will coordinate to designate an escrow/title company to take care of the funding of your loan. We'll coordinate with this company to ensure all the papers your lender needs are avaiailable, and you'll probably}likely sign everything at their officeWe do all the work to coordinate with this company to set your closing date. Since you will not have to worry with this coordination, you get to think about moving logistics, painting, carpet, and the details involved in getting your new house.

You've answered a few questions, provided detailed information, applied online, and the next thing you know, you're moving in! We take care of the loan details so you can focus on finding your new home.

Have questions about the loan process? Call Affinity Lending Inc at 816-365-2568. Affinity Lending Inc answers loan process questions every day.

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