Our loan process
1. Get Organized
When you are ready to move forward with a pre-approval, have the
following information available:
- Name and address of current employer;
- Current income;
- Duration of current employment;
- Duration of time youšve been at your current residence;
- List of assets (i.e. Checking accounts, savings accounts, etc.)
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2. Fast Pre-Approval
Apply online using our "Quick App" or call us today to get started.
You can expect a call from one of our consultants within hours
(Regular Business Hours, M-F, 9 am 5:30 pm EST)
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3. Learn about your Options
One of our Loan Consultants will call you to discuss various loan
options based on your personal needs.
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4. Obtain Loan Approval
Once your loan application has been received, we will start the loan
approval process immediately. This involves verifying your:
- Credit history
- Employment history
- Assets including your bank accounts, stocks, mutual fund and retirement accounts
- Property value
Based on your specific situation, additional documents or
verifications may be required. To improve your chances of getting a
loan approval:
- Fill out the loan application completely.
- Appraisal
- Respond promptly to any requests for additional documents. This
is especially critical if your rate is locked or if you plan to close
by a certain date.
- Do not make any major purchases. Do not buy a car, furniture or
another house till your loan is closed. Anything that causes your
debts to increase might have an adverse affect on your current
application.
- Do not move money into your bank accounts unless it can be
traced. If you are receiving money from friends, family or other
relatives, please contact us.
- Do not go out of town around the closing date. If you do plan to
be out of town when your loan is expected to close, you may sign a
power of attorney, to authorize another individual to sign on your
behalf.
- Continue to make all regular re-occurring monthly payments on time.
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5. Easy Close
After your loan is approved, you will be required to sign the final
loan documents. This will normally take place in front of a notary
public. Be prepared to:
- Bring a cashier's check for any closing costs if
required. Personal checks are normally not accepted.
- Review the final loan documents. Make sure that the interest rate
and loan terms are what you were promised. Also, verify that the name
and address on the loan documents are accurate.
- Sign the loan documents.
- Your loan will normally fund shortly after you have signed the
loan documents. On refinance and home equity loan transactions,
federal law requires that you have 3 days to review the documents
before your loan transaction can fund.
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