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

There can be no question that getting a mortgage loan is a complicated process. You would not be researching mortgage loans if you could get a mortgage loan in one day by filling out 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 loan involves four major steps.

Step one: determine how much you can borrow

A couple of factors determine this amount. What kind of monthly payment are you looking for? And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you? 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: complete a pre-qualification

This is where the process really begins and RTC Mortgage Corporation can really save you money. You will provide info about your current job, your assets, and your residence history. You'll provide information on your employment, asset, and residence history. We will get your credit report and score (only after you give your permission, of course). After we've finished reviewing this information, we'll give you a pre-qualificaiton letter. Your real estate agent will likely use your pre-qual (as they may call it) in order to make the best offer on the home you choose. While you're shopping for the home that's right for you, we're busy finding the loan program that's right for your unique situation.

Step three: apply now! We make it easy

Once you've made an offer and it's been accepted, you should apply for the loan. 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: your loan is funded

Your REALTOR® and the seller's will work together to find a title company to take care of the funding of your loan. We'll work with this company to make sure all the papers your lender requires are in order, and you'll probably}likely sign all these papers at their officeWe coordinate with the title company to set your date of closing. Because you won't have to coordinate this process, you can think about the move, if you're going to repaint, carpet, and the fun parts of moving into a new home.

You've answered a few questions, given us detailed information, applied online, and the next thing you know, you are deciding when to move in! We take care of all the loan details so you can spend your time finding the new home that's right for you.

Have questions about the loan process? Call RTC Mortgage Corporation at 9494944701. RTC Mortgage Corporation answers loan process questions every day.