The Four Steps of the Mortgage Loan Process:The Loan Process: Four Steps

No doubt, a lot to do when you get a mortgage loan. You would not be looking up loan information if it were possible to get a loan in a single day with a simple application. But C2 Financial Corporation does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

There are four primary steps involved in getting a loan.

Step one: Decide how much you can afford

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? 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 is where C2 Financial Corporation can begin to save you money. You will supply info on your employment, assets, and residence history. You'll supply your employment, asset, and residence history information. We will get your credit report and score (only after you give your permission. After we've reviewed this information, we'll provide you with a pre-qualificaiton letter. With this letter, your REALTOR® will negotiate the best deal for your new home. While you're shopping for your new house with your agent, we find the best program for you.

Step three: apply for your loan

Once you have signed the offer and the sellers accept it, it's time to apply for the loan. Applying for a loan couldn't get much easier; you can apply from the comfort of your home right here on our site. After the seller has accepted your offer and you have submitted your loan application, we'll order a professional appraisal on the home.

Step four: funding

Your REALTOR® and the seller's will coordinate to decide on a title company to take care of the funding of your loan once it's approved. We'll work with this company to ensure all the papers your lender requires 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 on your date of closing. Because you don't have to worry with this coordination, you can think about the move, if you're going to repaint, carpet, and all the details of getting your new home.

You've answered some few questions, given us detailed information, applied , and Before you know it, you're moving! C2 Financial Corporation is in the business of loans; you're not — so we do the work. Doesn't that sound nice?

Have questions about the loan process? Call C2 Financial Corporation at (727) 478-2797. C2 Financial Corporation answers loan process questions every day.

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