About the Mortgage Loan Process
There's no question ; getting a mortgage is a complex process. You wouldn't be visiting our website if it were possible to complete a one-page loan app and receive a great loan funded in one day. But Queen City Mortgage Company, LLC does the heavy lifting so you can concentrate on your life rather than the mortgage loan.
Getting a mortgage loan involves four major steps.
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? 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. We'll also help you through different scenarios by asking a few simple 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 step is where Queen City Mortgage Company, LLC will start saving you money. You will give us information on your current job, assets, and residence history. You'll supply your employment, asset, and residence history information. We will pull get your credit report and score (only after you give your permission, of course). We'll review this information and give you a letter of pre-qualification. With this letter, your real estate agent will negotiate the best deal for your new home. The pre-qual letter gives you buying clout! While you're shopping for the home that's right for you, we're busy researching the loan that's just right for your situation.
Once you have made an offer and the sellers have accepted, you should complete the loan application. Applying for your loan couldn't get much easier; you can apply right here on our site. After the seller has accepted your offer and you have applied for your loan, we'll order the professional appraisal on the home.
Step four: your loan is funded
The agents will find a title company to handle the "funding" of the loan and closing. We'll coordinate with this company to ensure the papers your lender will require are avaiailable, and you will probably}likely sign everything at their officeWe work with with this company on your date to close. Since you won't need to coordinate this process, you can concentrate on moving logistics, painting, new carpet, and the fun parts of moving into a new house.
You've answered some few questions, given us detailed information, applied , and Before you know it, you'll be moving! We do the legwork so you can focus on finding the new home that's right for you.
Have questions about the loan process? Call Queen City Mortgage Company, LLC at 5137966020. It's our job to answer lending questions, so we're happy to help!