About the Loan Process

	Looking for mortgage advice? We will be glad to assist you! Call us at 954-486-6000. Ready to begin? Apply Here.

There is little doubt that getting a mortgage is a complicated process. You wouldn't be researching mortgage loans if you could get a loan in one day with a simple application. We do most of the heavy lifting for you, so you can concentrate on what's important — preparing to move into your new home or saving money.

Getting a mortgage loan involves four major steps.

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? Use the calculators on our website to determine your monthly payment amount. And we can guide you to the right loan amount and best program for you when you answer a few questions. Because lender guidelines are fairly standard, we can give you a good idea of how much you can borrow after a short conversation.

Step two: pre-qualify for your loan

This is where the process really begins and you save the most money. You will supply info about your employment, assets, and your residence history. You'll supply your employment, asset, and residence history information. We will get your credit report and score (only after you give your permission, of course). When we review this info we will give you a letter of pre-qualification. Handle it with care — it is a great tool when you make your offer! Your agent will use your pre-qual (as they may call it) to make the best offer on the home you choose. The pre-qual letter gives you buying clout! While you're shopping for your new home, we are finding the loan that best fits your needs.

Step three: apply for your loan

Once you have made an offer and the sellers have accepted, it's time to complete the loan application. Applying for your loan couldn't be much easier; you can apply right here on our site. After the seller has accepted your offer and you have applied for your loan, we will order the professional appraisal on the home.

Step four: your loan is funded

Your REALTOR® and the seller's will coordinate to decide on an escrow/title company to handle the funding of your loan. We'll work with this company to make sure the papers your lender will need are available, and you'll probably}likely sign everything at their officeWe coordinate with the title company to set your date to close. Since you will not have to worry with this coordination, you can concentrate on the move, painting, new carpet, and the fun parts of getting a new house.

You've answered some few questions, provided detailed information, applied online, and the next thing you know, you are moving in! We take care of the loan details so you can focus on finding the new home that's right for you.

Have questions about the loan process? Call Prime Lenders at 954-486-6000. Prime Lenders Inc. answers loan process questions every day.