Step One:
Determine how much you can borrow A couple of factors determine this amount. How much of a monthly payment can you afford? What is the maximum you can borrow from a lender, given your income and credit history? We can get a good idea of your preferred payment amount – just call me and we can figure it out. 760-579-9519. Based on standard lender guidelines, we’ll get you a good idea of what kind of terms and loan program from which you can expect to benefit. Please be aware that we are not going to push you to “buy the biggest home you can afford.” Instead, we will determine the most comfortable payment for you and your family, so you can also enjoy being and adventuring together.
Step Two:
Pre-qualify for your loan Share your employment, assets, and residence history. We will get your credit report and score (only after you give your permission, of course). We pull it all together and give you a pre-qualification letter. Your agent will use this to make the best offer on the home you choose. This DU gives you buying clout! So while you shop for your new house, we’ll find you the best loan program for your situation.
Step Three:
Apply for your loan After you’ve made your offer and the sellers sign it, you will apply for your loan, open escrow, get an appraisal, and start packing! During the Application process, your Lender may require additional documentation or letters of explanation. We’ll sort that for you and let you know what you’ll need to get (if we can’t get it on your behalf).
Step Four:
Funding Escrow is open and the behind-the-scenes work is well underway. We’ll coordinate with the escrow company to ensure all the papers your lender needs are in order, and you’ll probably sign your heavy stack of documents at their office. Since you don’t need to worry about this coordination, you get to think about paint colors, new carpet, water reduction landscaping, and all the other fun details of moving into a new house.
Step Five:
Celebrate, be Grateful, and Refer You’ll have spent about 20-40 hours on your loan – gathering your submission criteria and conditions, and signing. Meanwhile, your team will have spent 200 hours… or more! Enjoy your new home, enjoy your family, invite over your friends. And tell them all about Bless this Address, so we can help them, too! Thank you, thank you, thank you!