About the Loan Process
There's a lot to do in oder to get a mortgage loan. You wouldn't be visiting our website if you could complete a simple loan app and get an excellent loan check cut in one 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.
Getting a loan involves four major milestones.
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 abount 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 step is where AmeriBest Mortgage will start to save you money. You will supply details about your current job, assets, and residence history. You'll give us your employment, asset, and residence history information. We get your permission to pull your credit score and report. We'll review all this information and give you a pre-qualification letter. 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 looking for a new house with your REALTOR™, we find the best program for you.
After you've signed an offer and the sellers accept it, you should apply for the loan. It couldn't be easier, and you can do it online, right here on our website. After the offer has been accepted and you have submitted your loan application, we will order a professional appraisal on the home.
Step four: funding
The real estate agents will find a title company to handle the "funding" and closing. We'll coordinate with this company to ensure the papers your lender needs are in order, and you will probably}likely sign everything at this company's officeWe do all the work to coordinate with this company to set your date to close. Because you won't have to worry about these details, you get to concentrate on moving logistics, painting, new carpet, and the details involved in moving into your new house.
You've answered some few questions, given us lots of information, applied online, and Before you know it, you're moving! AmeriBest Mortgage is a mortgage specialist; you're not — so we do the work. Doesn't that make sense?
Have questions about the loan process? Call AmeriBest Mortgage at 3217777277. AmeriBest Mortgage answers loan process questions every day.