How the Loan Process Works

	Are you looking for a mortgage? We can assist you! Call us at 8167213752. Ready to begin? Apply Online Now.

There's quite a lot involved in oder to get a mortgage. You wouldn't be visiting our website if it were possible to complete a simple loan app and receive a great loan check cut the same day. But WestStar Mortgage 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: Decide how much you can afford

This is a function of a couple things. What kind of monthly payment are you looking for? 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. And we can guide you to the right loan amount and best program for you when you answer a few quewstions. 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 is where the rubber meets the road and you save the most money. You will provide information about your current job, your assets, and your residence history. You'll supply information on your employment, asset, and residence history. We will get your credit report and score (only after you give your permission. After we've finished reviewing your information, we'll provide a pre-qualificaiton letter. Handle it with care — it can be a great tool when you make your offer! Your REALTOR® will use your pre-qual (as they may call it) to make the best offer on the home you choose. The pre-qual letter gives you buying clout! While you're deciding on your new home, we're busy finding the loan program that's right for you.

Step three: apply for your loan

Once you have made an offer and it's been accepted, you should complete the loan application. It couldn't be easier, and you can apply online, right here on our website. After the offer has been accepted and you have applied for your loan, we'll order a professional appraisal on the home.

Step four: your loan is funded

Your real estate agent and the seller's will work together to designate an escrow/title company to handle the funding of your loan once it's approved. We'll work with this company to ensure the papers your lender will require are in order, and you'll probably}likely sign everything at this company's officeWe do all the work to work with with the title company to set your date of closing. Since you won't have to worry about these details, you get to think about the move, if you're going to repaint, new carpet, and the details involved in getting your new home.

You've answered a few questions, provided detailed information, applied , and the next thing you know, you are moving in! WestStar Mortgage is in the business of mortgage loans; you're not — so we take care of the details. Makes sense, doesn't it??

Have questions about the loan process? Call WestStar Mortgage at 8167213752. We answer questions about the loan process every day.