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

No doubt, a lot to do when you get a mortgage loan. You wouldn't be visiting our website if it were possible to fill out a simple mortgage application and get a great loan check cut the same day. But Family Mortgage Company of Hawaii, Inc. NMLS #244497 does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

Getting a home loan involves four major milestones.

Step one: Decide how much you can afford

This is a function of a couple things. What kind of monthly payment are you looking for? 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: complete a pre-qualification

This step is where Family Mortgage Company of Hawaii, Inc. NMLS #244497 can begin saving you money. You will give us details on your employment, assets, and residence history. You'll give us information on your employment, asset, and residence history. We will get your credit report and score (with your permission, of course). After we've finished reviewing this information, we'll provide a pre-qualificaiton letter. With this letter, your real estate agent will negotiate the best deal for your new home. While you're shopping for your new home with your real estate agent, we find the best program for you.

Step three: apply for your loan

Once you have made an offer and it's been accepted, you should apply for the loan. Applying for your loan couldn't be much easier; you can apply any time right here on our site. When the time is right, we will order the appraisal of your new home.

Step four: your loan is funded

The agents will find an escrow/title company to handle the "funding" of the loan and closing. We'll coordinate with this company to make sure the papers your lender needs are in order, and you'll probably}likely sign all these papers at their officeWe coordinate with this company on your date to close. Since you won't have to coordinate this process, you get to concentrate on the move, if you're going to repaint, new carpet, and the details involved in getting your new home.

You've answered some few questions, provided detailed information, applied online, and the next thing you know, you are moving in! Family Mortgage Company of Hawaii, Inc. NMLS #244497 is a mortgage specialist; you're not — so take care of the details. Doesn't that make sense?

Have questions about the loan process? Call Family Mortgage Company of Hawaii, Inc. NMLS #244497 at (808) 935-0678. It's our job to answer lending questions, so we're happy to help!

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