About the Loan Process

There's no question ; getting a mortgage loan is a complex process. You wouldn't be researching mortgage loans if you could get a mortgage loan in a single day by filling out a simple application. But Norma Moreno-Squier does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

There are four important steps involved in obtaining a mortgage loan.

Step one: Decide how much you can afford

This is a function of a couple things. 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. And we can guide you to the right loan amount and best program for you when you answer a few quewstions. 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: complete a pre-qualification

This is where the rubber meets the road and Norma Moreno-Squier can really save you money. You will give us info about your employment, your assets, and your residence history. You'll give us your employment, asset, and residence history information. We pull your credit score and report. After we have gone over this info we give you a pre-qualification letter. With this letter, your real estate agent will negotiate the best deal for your new home. While you're picking out the home that's right for you, we are finding the best loan for you.

Step three: apply now! We make it easy

Once you have made the offer and the sellers accept it, it's time to apply for the loan. Applying for your loan couldn't get much easier; you can apply online 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 work together to decide on a title company to take care of the funding of your loan once it has been approved. We'll work with this company to ensure all the papers your lender will need are in order, and you will probably}likely sign everything at this company's officeWe coordinate with this company to set your date to close. Since you won't need to worry about these details, you can concentrate on moving logistics, paint colors, carpet, and the fun parts of getting your new house.

You've answered some few questions, given us lots of information, applied online, and before you know it, you're deciding when to move in! Norma Moreno-Squier is a mortgage specialist; you're not — so take care of the details. Doesn't that sound nice?

Have questions about the loan process? Call Norma Moreno-Squier at 6023326989. We answer questions about the loan process every day.