An Overview of the Loan Process

Make no mistake, there's quite a lot involved when you get a mortgage loan. You wouldn't be looking up loan information if it were possible to get a loan in a single day with a simple application. But Price Mortgage Group LLC does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

Getting a loan involves four major steps.

Step one: Decide how much you can afford

A couple of factors determine this amount. What kind of monthly payment are you looking for? And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you? 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 is where Price Mortgage Group LLC can begin to save you money. You will give us information on your employment, your assets, and residence history. You'll provide information on your employment, asset, and residence history. We pull your credit score and report. After we've reviewed the provided information, we'll provide a pre-qualificaiton letter. Be careful with this letter — it can be a useful tool for buying your new home! 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 shopping for the home that's right for you, we are looking for the best loan program for you.

Step three: apply now! We make it easy

Once you've made the offer and the sellers have accepted, you should apply for the loan. Applying for your loan could not be much easier; you can apply from the comfort of your home right here on our site. After the seller has accepted your offer and you have applied for your loan, 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 of the sale. We'll work with this company to ensure the papers your lender will require are in order, and you'll probably}likely sign all these papers at their officeWe coordinate with this company to set your date of closing. Because you don't need to worry with this coordination, you can concentrate on moving, paint colors, carpet, and the details involved in moving into your new house.

You've answered a few questions, given us detailed information, applied , and the next thing you know, you are deciding when to move in! We take care of the mortgage legwork so you can focus on finding your new home.

Have questions about the loan process? Call Price Mortgage Group LLC at 405-513-7700. It's our job to answer lending questions, so we're happy to help!