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

In the market for a mortgage loan? We'd be thrilled to discuss your mortgage needs! Give us a call at 714-939-3863. Ready to begin? Apply Here.

There's no doubt ; getting a mortgage is a complicated process. You wouldn't be researching mortgage loans if you could get a mortgage loan in a single day with a simple application. 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 mortgage loan involves four major milestones.

Step one: determine how much you can borrow

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 amount 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 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 the rubber meets the road and you save the most money. You will supply details on your current job, your assets, and your residence history. You'll provide your employment, asset, and residence history information. We run your credit score and report. We will review this info and provide a pre-qualification letter. With this letter, your REALTOR® will negotiate the best deal for your new home. The pre-qual letter gives you buying clout! While you're shopping for your new home, we're busy finding the loan that's just right for you.

Step three: apply for your loan

Once you have made the offer and it's been accepted, you should apply for the loan. It's very easy, and you can do it online, right here on our site. When the time is right, we will order an appraisal of your new home.

Step four: your loan is funded

Your real estate agent and the seller's will work together to designate a title company to handle the funding of your loan. We'll coordinate with this company to ensure all the papers your lender needs are in order, and you'll probably}likely sign everything at their officeWe coordinate with this company to set your closing date. Because you don't need to worry with this coordination, you get to concentrate on moving, paint colors, new carpet, and all the details of getting a new home.

You've answered some few questions, given us detailed information, applied , and Before you know it, you'll be moving in! Pacific Capital Mortgage Corp is in the business of mortgage loans; you're not — so take care of the details. Doesn't that make sense?

Have questions about the loan process? Call Pacific Capital Mortgage Corp at 714-939-3863. We answer questions about the loan process every day.