About the Loan Process
There's a lot to do in oder to get a mortgage. You wouldn't be here on our website if it were possible to fill out a simple loan app and get the best loan check cut the same day. We do most of the heavy lifting for you, so you can concentrate on what's important — preparing to move into your new home or saving money.
There are four important steps involved in getting a mortgage loan.
Step one: determine how much you can borrow
A couple of factors determine this amount. How much of a monthly payment can you afford? What is the maximum you can borrow from a lender, given your income and credit history? Use the calculators on our website to determine your monthly payment amount. We'll also help you through different scenarios by asking a few simple 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: pre-qualify for your loan
This step is where C2 Financial Corporation will start saving you money. You will provide information about your employment, your assets, and your residence history. You'll provide your employment, asset, and residence history information. We get your permission to pull your credit score and report. After we have gone over this information we provide a letter of pre-qualification. With this letter, your REALTOR® will negotiate the best deal for your new home. The pre-qual letter gives you buying clout! While you're shopping for a new home with your agent, we find the best program for you.
Once you have made an offer and the sellers have accepted, you should complete the loan application. Applying for a loan couldn't get much easier; you can apply right here on our site. When the time is right, we will order the appraisal of your new home.
Step four: funding
The real estate agents will find an escrow/title company to handle the "funding" and closing of the sale. We'll work with this company to ensure the papers your lender will need are in order, and you will probably}likely sign everything at this company's officeWe work with with the title company to set your date of closing. Because you don't need to worry about these details, you get to think about moving logistics, if you're going to repaint, carpet, and the details involved in getting your new house.
You've answered some few questions, given us detailed information, applied , and before you know it, you're moving in! We take care of the legwork so you can spend your time finding your new home.
Have questions about the loan process? Call C2 Financial Corporation at (727) 478-2797. We answer questions about the loan process every day.