Applying
for a
Mortgage
Step
One
-
Research
Start the discovery process, get an idea of what ballpark your loan is
in. Use these tools to get an estimate of what you can afford:
• What
will my mortgage payment be?
• How
much can home can you afford?
Step
Two
-
Prequalify
Search and compare mortgage lenders with Mortgage101 you can prequalify
with up to four lenders at once. Once you’ve found your lender set up an
appointment. They can help you figure out what kind of house you can afford.
This is a great time to see what type of loan would work best for you.
• Search
Rates
• Prequalify
Online
Step
Three
-
Complete
Mortgage
Application
Mortgage Applications are available online here Provide information on
your personal financial situation. Sign a release allowing the lender to
run a credit check.
• Choosing
a Mortgage Company
• Your
Credit and Mortgage Process
Step
Four
-
Pre-Approved
Your information will be confirmed The Credit report will be checked Subject
to appraisal, the loan is approved. Being pre-approved will speed things
up for when you find your home
• If
your Loan is Denied
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