The Mortgage Loan Process: an Overview

No doubt, quite a lot to do in oder to get a mortgage. You wouldn't be visiting our website if it were possible to fill out a one-page loan app and receive an excellent loan funded in one day. But Hawk Mortgage Group does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

Getting a home loan involves four major milestones.

Step one: determine how much you can borrow

This is a function of a couple things. What kind of monthly payment are you looking for? 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 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. 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 is where Hawk Mortgage Group can begin saving you money. You will provide info on your employment, assets, and residence history. You'll supply information on your employment, asset, and residence history. We will get your credit report and score (only after you give your permission, of course). After we've finished reviewing your information, we'll provide a pre-qualificaiton letter. 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 picking out your new home, we are finding the loan that best fits your needs.

Step three: apply now! We make it easy

Once you have signed an offer and the sellers accept it, you should apply for the loan. It couldn't be easier, and you can do it online, right here on our website. At the end of this step, we will order the appraisal of your new home.

Step four: your loan is funded

Your real estate agent and the seller's will coordinate to designate a title company to handle the funding of your loan once it has been approved. We'll coordinate with this company to make sure the papers your lender needs are in order, and you'll probably}likely sign everything at this company's officeWe do all the work to work with with this company to set your date to close. Since you don't have to coordinate this process, you can think about the move, painting, carpet, and all the details of moving into a new house.

You've answered a few questions, provided detailed information, applied , and Before you know it, you're moving! Hawk Mortgage Group is in the business of loans; you're not — so take care of the details. Makes sense, doesn't it??

Have questions about the loan process? Call Hawk Mortgage Group at (443) 619-7900. Hawk Mortgage Group answers loan process questions every day.

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