Integrity 1st Mortgage Loan Process
Whether you are considering the purchase of a new home or seek to refinance a property you already own, once you select Integrity 1st Mortgage to obtain your home loan you’ll be amazed at how quickly and simply the loan process moves. Before you know it, you’ll have a mortgage that suits your lifestyle and saves you money.
Throughout the loan process Integrity 1st Mortgage will provide you with regular updates about the progress of your loan. You can also e-mail us with questions or information. And of course, a mortgage expert from Integrity 1st Mortgage is just a phone call away to answer questions if you want assistance.
Here’s an overview of the Integrity 1st Mortgage process:
Step One – Determine how much you can borrow
Find out how much home you can afford before you begin looking. Once you’ve answered a few simple questions, we’ll calculate your buying power, based on standard lender guidelines.
Step Two — Pre-Approvals save you money!
To complete the pre-approval step, you’ll need to supply some brief information about employment, assets, etc. We’ll contact you for authorization to run your credit report. Once we’ve reviewed this information, we’ll issue your “Pre-Approval” Letter which gives you the clout of an all-cash buyer. As you begin looking for a home, we’ll begin looking for the best loan to meet your specific needs. Your realtor will use your Pre-Approval Letter to help negotiate the best deal for you.
Important Note: Do not allow anyone to run free credit reports for you. They will have to be run later and will lower your credit risk score! Your “credit risk score” is extremely important to your overall credit evaluation in the underwriting process for your mortgage loan.
Step Three — While you shop – we are working on your behalf. With your Pre-Approval in hand your realtor will show you the types of property that will meet your needs; meanwhile your Integrity 1st Mortgage team will be working on your total application package to keep everything current. Your Integrity 1st Mortgage Loan Officer will advise you on the latest loan trends and products available and present you with current rates for the different loan products for which you qualify.
Step Four – Your Loan is Approved and Funded
Once you locate the home of your dreams, your real estate agent or the seller will designate an Escrow/Title Company to handle the coordination of your purchase, along with many other matters related to your purchase. At the appropriate time Integrity 1st Mortgage will order a property appraisal for you by one of our approved appraisers of integrity.
Your Integrity 1st Mortgage team will work side by side with each member of your Purchase Team, the listing and selling realtors, your escrow officer and appraiser, up to the funding of your loan and the close of your escrow to make sure your purchase goes smoothly. But our commitment to you, our client, doesn’t stop there. After the close you will be added to our Customer Appreciation Program and receive outstanding items of value each month. We will stand ready to answer any questions you may have about your current loan or future loans, and we are always available and never too busy for your referrals, they are the highest compliment we can receive!
Simple, Straightforward, Cost Effective, and FAST!