Make no mistake, there's a lot involved in getting a mortgage loan. You wouldn't be here on our website if it was possible to fill out a one-page application and get the best loan for you funded the same 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, saving money, or making plans for your home equity check.
There are four main steps involved in getting a loan. You'll see that we've made your part in them as easy as possible, and we do all the work!
Step one: determine how much you can borrow
This is a function of a couple things. How much of a monthly payment can you afford? And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you?
You can get a rough idea of monthly payment by using the calculator to the right. We'll also help you through different scenarios by asking a few simple questions. Based on standard lender guidelines, we'll get a good idea of what kind of terms and loan program are the best match for you right now.
Step two: pre-qualify for your loan
This is where the rubber meets the road and you save the most money.
You supply information about your employment, your assets, your residence history, and so on. We get your permission to run your credit score.
When we review all this information we give you a Pre-Qualification Letter. Handle it with care -- to a home seller, it's like a suitcase full of cash!
Your real estate agent will use your Pre-Qual (as they may call it) to make the best offer on the home you choose, and the seller knows you're pre-qualified. It gives you buying clout! And while you're picking out the home that's right for you, we're busy finding the loan that's right for you.
Step three: apply now! We make it easy
Once you've made an offer and it's been accepted, it's time to complete the loan application. It couldn't be easier, and you can do it online, right here at our website (the link at the top -or begin it now with the basic app at the bottom). When the time is right, we'll order an appraisal of your new home.
Step four: your loan is funded
Your real estate agent and the sellers will work together to designate an escrow/title company to handle the funding of your loan once it's approved.
We'll coordinate with the escrow company to make sure all the papers your lender will need are in order, and you'll sign everything at the escrow/title company's office.
You've answered a few questions, given us some detailed information, applied online, and next thing you know, you're moving in! We're in the business of mortgage loans, you're not -- so we do most of the work. Doesn't that make sense?
At Banner Lending, we explain everything to you and make it all easy and simple - nothing hidden.
Call us right now at (407) 622-0200 or get started fast with the short and easy questions below.
An overview of the loan process
