|
|
|
An Overview of the Loan Process
|
|
Make no mistake, there's a lot involved in getting a mortgage
loan. You wouldn't be here on our website if you could fill out a one-page
application and get the best loan for you funded the same day. What we do
is do most of the heavy lifting for you, so you can concentrate on what's
important -- preparing to move into your new home, saving money, or making
plans for your home equity check.
|
|
|
There are four main steps involved in getting a loan. You'll
see that we've made your part in them as easy as possible, and we do all
the work! That's what we're here for.
|
| 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? The first part you can get a rough idea of by using
the calculators on our website. We'll also help you through different
scenarios by asking a few simple questions. 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 is where the rubber meets the road and you save
the most money. You supply information about your employment, your
assets, your residence history, and so on. We get your permission
to run your credit score. When we review all this information we
give you a Pre-Qualification Letter. Handle it with care -- to a
home seller, it's like a suitcase full of cash! Your realty agent
will use your Pre-Qual (as they may call it) to make the best offer
on the home you choose, and the seller knows you're pre-qualified.
It gives you buying clout! And while you're picking out the home
that's right for you, we're busy finding the loan that's right for
you.
|
| Step three: apply now! We make
it easy |
Once you've made an offer and it's been accepted, it's
time to complete the loan application. It couldn't be easier, and
you can do it online, right here at our website. When the time is
right, we'll order an appraisal of your new home.
|
| Step four: your loan is funded
|
Your realty agent and the seller's will work together
to designate an escrow/title company to handle the funding of your
loan once it's approved. We'll coordinate with the escrow company
to make sure all the papers your lender will need are in order,
and you'll sign everything at the escrow/title company's office.
|
You've answered a few questions, given us some detailed information, applied
online, and next thing you know, you're moving in! We're in the business
of mortgage loans, you're not -- so we do most of the work. Doesn't
that make sense?
|
|
|
Copyright © 2008 Dallas Best Mortgage All right reserved. |
Privacy Policy |
Terms & Conditions |
Contact Webmaster |
| At Dallas Best Mortgage you will receive the lowest rate,
the lowest closing costs, and the fastest service, Guaranteed.
DALLAS BEST MORTGAGE IS LICENSED UNDER THE LAWS OF THE STATE
OF TEXAS AND BY STATE LAW IS SUBJECT TO REGULATORY OVERSIGHT BY THE DEPARTMENT OF SAVINGS AND MORTGAGE LENDING. ANY
CONSUMER WISHING TO FILE A COMPLAINT AGAINST
DALLAS BEST MORTGAGE SHOULD COMPLETE, SIGN, AND SEND A COMPLAINT FORM TO THE DEPARTMENT OF SAVINGS AND MORTGAGE
LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE DOWNLOADED AND
PRINTED FROM THE DEPARTMENT 'S WEB SITE LOCATED AT http://www.sml.texas.gov OR OBTAINED FROM THE DEPARTMENT UPON
REQUEST BY MAIL AT THE ADDRESS ABOVE, BY TELEPHONE AT ITS TOLL-FREE CONSUMER HOTLINE AT 1-877-276-5550, BY FAX AT
(512) 475-1360, OR BY E-MAIL AT SMLINFO@SML.TEXAS.GOV.
THE DEPARTMENT MAINTAINS THE MORTGAGE BROKER RECOVERY FUND
TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED
RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED
WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY
FUND, PLEASE CONSULT SUBCHAPTER F OF THE MORTGAGE BROKER LICENSE ACT ON THE DEPARTMENT 'S WEB SITE REFERENCED
ABOVE. |
|