The mortgage process explaned what to expect
step by step
“Every mortgage starts with an unknown, follow us down the path to understanding and confidence towards your future”
The story of what it takes
to step into your future
The mortgage process explained... Step in.
Step 1 Fill out a mortgage application
online or
in person
online or
in person
personal information, credit file, and other documentations such as tax returns and bank statements are shared by you & reviewed by your loan officer
Step 2 Arrange a consultation with your loan officer
a. your goals, needs & wants are Identified
b. financing options relevant to your situation are presented to you
c. you are pre-qualified
d. your future home search begins
b. financing options relevant to your situation are presented to you
c. you are pre-qualified
d. your future home search begins
Step 3 Loan processing
begins
begins
a loan processor works with your loan officer and you to get your information to an investor for final approval and 1 step closer to your closing day
a. Your application and documentation is reviewed for accuracy
b. required items such as a property appraisal, title insurance, hazard insurance are requested from the providers
c. your application and supporting documentation is submitted to the bank for loan approval
a. Your application and documentation is reviewed for accuracy
b. required items such as a property appraisal, title insurance, hazard insurance are requested from the providers
c. your application and supporting documentation is submitted to the bank for loan approval
People that can help are hard to find
“This is a critical part in the process the goes beyond the loan officer control”
Grant - Loan Originator
Step 4 Loan Estimate
is issued
is issued
a document call Loan Estimate is sent to you to sign showing you all of your important information , including your proposed monthly payment and your total amount due for closing (including down payment, closing costs, pre-paid and reserve items)
“Going beyond”
Grant, Mortgage Group
Step 5 Underwriting
underwriting team and the investor finish the process by reviewing all of the submitted information.
loan may have final approval conditions to be satisfied
(this is when your loan officer will call you for additional documentation or items to be addressed)
Closing team pushes the file to the title company in anticipation of your closing day
loan may have final approval conditions to be satisfied
(this is when your loan officer will call you for additional documentation or items to be addressed)
Closing team pushes the file to the title company in anticipation of your closing day
we are with you all the way
Step 6 At closing
Closing Day
Celebrate!!
Attend your closing with your Funds needed and your photo ID
Get ready for your future to begin and enjoy your new home!
Dreaming
verb
[.........]
a frame of mind
Step 7 after closing
retain your paperwork or electronic files of your home financing transaction
Step 8 remember who helped you
🚀 Rethinking who is with you
remember the people that made it happen for you
do not hesitate to contact your loan officer with anything you need in the future
do not hesitate to contact your loan officer with anything you need in the future
Leading by example one mortgage at a time
Step 9 Having the right people on your side
The Mortgage Group of Colorado is here for you
“Together we can all go further”
Grant, Loan Officer | Mortgage Group
Today, Together
“Today together we can make this world a better place for you and your family”
You've heard our story, it's now time for you to share it with the world.
