The Loan Process: An Overview
There's quite a lot to do in order to get a mortgage. You wouldn't be researching mortgage loans if it were possible to get a loan in one day by filling out a simple application. But Cason Home Loans does the heavy lifting so you can concentrate on your life rather than the mortgage loan.
Step One: Decide on your maximum loan amount
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 amount using the calculators on our website. 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 is where the rubber meets the road and Cason Home Loans can really save you money. You will supply information on your current job, your assets, and your residence history. You'll provide your employment, asset, and residence history information. We will pull get your credit report and score (with your permission. After we've reviewed your information, we'll provide a pre-qualification letter. With this letter, your real estate agent 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.
After you've made the offer and the sellers have accepted, you should apply for the loan. It's very easy, and you can apply online, right here on our site. After the offer has been accepted and you have submitted your loan application, we'll order a professional appraisal on the home.
Step Four: Your loan is funded
The agents will find an escrow/title company to handle the "funding" and closing. We'll coordinate with this company to ensure all the papers your lender will need are in order, and you'll likely sign all these papers at this company's office. We will coordinate with this company to set your date to close. Since you don't need to coordinate this process, you can think about the move, painting, carpet, and the details involved in getting your new home.
Once you've answered some few questions, provided detailed information, and applied online, you'll be ready to move sooner than you think! We take care of all the loan details so you can focus on finding the new home that's right for you.