The Loan Mortgage Process: Four Steps

There can be no question ; getting a mortgage is a complicated process. You wouldn't be here on our site if it were possible to fill out a simple application and receive a great loan funded the same day. But Vivid Mortgages, Inc. does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

Step One: Decide on your maximum loan amount

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? Use the calculators on our website to determine your monthly payment amount. And we can guide you to the right loan amount and best program for you when you answer a few questions. 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: Complete a pre-qualification

This is where the process really begins and Vivid Mortgages, Inc. can really save you money. You will supply details on your employment, your assets, and residence history. You'll supply your employment, asset, and residence history information. We get your permission to pull your credit score and report. After we've finished reviewing the provided information, we'll 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 shopping for the home that's right for you, we are researching the best loan for you.

Step Three: Apply now! We make it easy

Once you have made an offer and it's been accepted, it's time to apply for the loan. Applying for your loan could not get much easier; you can apply from the comfort of your home right here on our site. At the end of this step, we will order the appraisal of your new 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 make sure the papers your lender needs are in order, and you will probably sign everything at their office. We will coordinate with this company to set your closing date. Since you will not need to worry about these details, you can concentrate on moving logistics, if you're going to repaint, new carpet, and the details involved in getting a new home.

Once you've answered some few questions, provided lots of information, and applied, you'll be ready to move sooner than you think! Vivid Mortgages, Inc. is a mortgage specialist; you're not — so let the experts do the work. Doesn't that sound nice?