The Four Steps of the Loan Process:The Loan Mortgage Process: Four Steps

There can be little doubt that getting a mortgage loan is a complex process. You would not be researching mortgage loans if you could get a mortgage loan in one day with a simple application. But RTC Mortgage Corporation does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

Getting a mortgage loan involves four major milestones.

Step one: Decide on your maximum loan amount

A couple of factors determine this amount. How much of a monthly payment can you afford? What is the maximum you can borrow from a lender, given your income and credit history? You can get a good idea of your preferred payment abount using the calculators on our website. And we can guide you to the right loan amount and best program for you when you answer a few quewstions. 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 step is where RTC Mortgage Corporation will begin to save you money. You will provide information on your current job, assets, and your residence history. You'll give us information on your employment, asset, and residence history. We will pull get your credit report and score (only after you give your permission. After we've finished reviewing your information, we'll give you a pre-qualificaiton letter. Your real estate agent will use your pre-qual (as they may call it) in order to make the best offer on the home you choose. The pre-qual letter gives you buying clout! While you're picking out your new home, we're busy finding the loan program that's just right for your unique situation.

Step three: apply now! We make it easy

Once you have made the offer and the sellers have accepted, you should complete the loan application. Applying for a loan could not be much easier; you can apply online right here on our site. When the time is right, we'll order the appraisal of your new home.

Step four: funding

The agents will find a title company to handle the "funding" of the loan and closing. We'll coordinate with this company to ensure all the papers your lender needs are in order, and you'll probably}likely sign all these papers at this company's officeWe do all the work to work with with the title company to set your date to close. Since you will not have to worry with this coordination, you can think about moving, paint colors, new carpet, and the fun parts of getting a new house.

You've answered a few questions, provided lots of information, applied , and before you know it, you are moving in! RTC Mortgage Corporation is in the business of mortgage loans; you're not — so we take care of the details. Doesn't that make sense?

Have questions about the loan process? Call RTC Mortgage Corporation at 9494944701. It's our job to answer lending questions, so we're happy to help!