About the Mortgage Loan Process

There is little question ; getting a mortgage loan is a complicated process. You wouldn't be visiting our website if it were possible to fill out a simple loan app and receive a great loan funded the same day. 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 loan involves four major milestones.

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. 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: complete a pre-qualification

This step is where Firelight Mortgage Consultants will start to save you money. You will provide details about your current job, your assets, and your residence history. You'll give us your employment, asset, and residence history information. We run your credit score and report. We'll go over this information and provide a letter of pre-qualification. With this letter, your real estate agent will negotiate the best deal for your new home. While you're picking out your new home, we're busy researching the loan that's right for you.

Step three: apply now! We make it easy

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

Step four: your loan is funded

The real estate agents will find an escrow/title company to handle the "funding" and closing. We'll coordinate with this company to ensure the papers your lender needs are avaiailable, and you will probably}likely sign all these papers at this company's officeWe work with with the title company on your date to close. Since you don't have to worry about these details, you get to concentrate on the move, paint colors, carpet, and all the details of getting a new house.

You've answered some few questions, provided lots of information, applied online, and Before you know it, you're moving! We take care of all the loan details so you can focus on finding your new home.

Have questions about the loan process? Call Firelight Mortgage Consultants at 3032282254. We answer questions about the loan process every day.