Make no mistake, finding the right mortgage can be an involved and confusing process. You wouldn't be here on our website if you could fill out a one-page application and get the best loan for you funded the same day. What we do is take you step by step through the process, so you can pay the most attention to what's important -- making ready to move into your new home, saving cash, or getting ready for your house equity check.
There are 4 steps in the loan process. You'll note that we've made your role in them as easy as possible, and we take care of all the details! That's our obligation to you.
Step one: find out your borrowing limit
This is a function of a couple things. What kind of monthy payment can you handle? Also, how much will a lender give you when your credit history and employment come into play? The first part you can get a rough idea of by using the calculators on our website. We will ask you a few questions to make sure you cover all the bases. 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: prequalification
This is the most important part of the process and the part where you may save the most coin. You will enter information on past employment, assets, debt, etc. Then we will pull up your credit score. Once we gather and examine all of your information, we will send to you a Pre-Qualification Sheet. Handle it with care -- to a home seller, it's like a suitcase full of cash! Your realty representative will use this pre-qual document to give the best offer on the home you pick, and the seller knows you're pre-qualified. it gives you buying clout! So while your time is being spent picking out the home that's good for you, we are working out the details of the loan that's right for you.
Step three: apply now! we make it easy
After your offer has been accepted by the home seller, we will help you to finish the loan application. Fill out a quick form right here on our website -- the process couldn't be easier. Also, by using this online form, you will qualify for a free appraisal of your new home.
Step four: your new hampshire mortgage is funded
Both of your agents will work together to designate an escrow/title company to handle the funding of your nh loan once it's approved. We'll make sure everything is in order, and you'll sign everything at the escrow/title company's office.
You've answered a couple questions, given us some detailed information, applied online, and finally, you're moving in! We're in the business of Nh and Ma loans, you're not -- so we do almost all of the work.