The Mortgage Loan Process: An Overview

There is no doubt that getting a mortgage loan is a complicated process. You wouldn't be visiting our site if you could fill out a one-page loan application and get a great loan funded the same day. We do the heavy lifting for you, so you can concentrate on what's important — preparing to move into your new home or saving money.

Step One: Decide on your maximum loan amount

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 amount using the calculators on our website. We'll also help you through different scenarios by asking a few simple questions. Because lender guidelines are fairly standard, we can give you a good idea of how much you can borrow after a short conversation.

Step Two: Complete a pre-qualification

This is where Boardwalk Financial can start saving you money. You will provide info about your employment, your assets, and your residence history. You'll supply information on your employment, asset, and residence history. We will pull get your credit report and score (with your permission. We'll go over all this info then will provide a pre-qualification letter. With this letter, your real estate agent will negotiate the best deal for your new home. While you're shopping for your new house with your Realtor®, we find the best program for you.

Step Three: Apply now! We make it easy

Once you have made an offer and the sellers have accepted, you should apply for the loan. Applying for your loan could not get much easier; you can apply any time right here on our site. At the end of this step, we'll order an 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 of the sale. We'll coordinate with this company to make sure all the papers your lender requires are available, and you'll probably sign all these papers at their office. We will work with this company to set your closing date. Because you will not have to coordinate this process, you get to think about the move, if you're going to repaint, new carpet, and all the details of getting your new house.

After you have answered a few questions, provided lots of information, and applied online, you'll be moving in before you know it! Boardwalk Financial is a mortgage specialist; you're not — so we take care of the details. Makes sense, doesn't it?