10 easy steps to your home:
When the time comes to purchase or refinance a home, you’re not simply seeking any mortgage; you’re seeking the ideal mortgage that aligns with your present financial requirements and future aspirations. At Mortgage 247, we present an extensive array of choices and are dedicated to assisting you in discovering the optimal solution. Below are some of our highly sought-after mortgage programs.
Consultation
Arrange a meeting with a seasoned Mortgage Loan Advisor to discuss about your objectives and identify the perfect mortgage solution tailored to your requirements.
Document Compilation
In order to secure preapproval for a mortgage, it's essential to authenticate your income, employment details, assets, and debts. Preparing and assembling the necessary documents beforehand will facilitate a smoother process.
Pre-approval
A pre-approval letter is often favored by real estate agents, as it demonstrates to the seller that you possess the qualifications for a loan.
Perfect Home
Search for Your Ideal Home and Submit an Offer With your preapproval in hand, the exciting phase of house hunting begins! Once you've pinpointed the perfect home, it's time to proceed with submitting an offer
Application Submission
we've streamlined the application process to ensure simplicity, convenience, and a hassle-free experience. You have the flexibility to apply via phone, online, or in person. Your Mortgage Loan Advisor will provide guidance on any supplementary documentation required to advance your file to the processing stage.
File Preparation for Underwriting
Following the submission of your loan application, the mortgage processing phase initiates. The Loan Processor will facilitate a home appraisal and meticulously organize your file in preparation for underwriting.
Loan Review and Underwriting
The diligently prepared file, curated by the Processor, will undergo a comprehensive assessment by a Certified Underwriter. This scrutiny guarantees the fulfillment of all loan prerequisites.
Final Approval and Clearance
The Underwriter will meticulously confirm the fulfillment of all underwriting conditions and subsequently grant a definitive approval. Congratulations, you are now authorized to proceed to the closing phase!
Closing Day
It's the momentous day: CLOSING! You will be present at your scheduled closing appointment, where you'll sign a series of important documents. Once the funding process is finalized – guess what? Those keys to your new home are all yours!
Preparation for Closing
The process begins by ordering your Title insurance, followed by the scheduling of your closing date and time. Once the closing arrangements are set, you'll proceed to secure homeowner's insurance. The Closing Team will then meticulously assemble all necessary loan documents for your convenience.