How to Get a Loan

Before you know it, you’ll have a mortgage that suits your lifestyle and saves you money. Throughout the loan-application process, a good lender provides regular updates.

Here’s an overview of the loan application process.

Step One: Apply

When you’ve selected a property and have a contract with the Seller, the next step is to complete your loan application, which most lenders let you do online.

At the appropriate time the lender orders a property appraisal.

Step Two: Your Loan Is Approved and Funded

Your Real Estate Agent or the Seller will designate an Escrow/Title Company to handle the funding of your loan, along with many other factors which make your purchase go smoothly.

Your lender coordinates with the escrow team and you sign the final papers at their office.