An overview of the loan process - Emery Financial, Inc.

Applying for a mortgage is very complicated -- most believe more complicated than it needs to be. Let us guide you through the process. We'll do all the heavy lifting and allow you to focus on more important things, like preparing to move into your new home, or making plans for your new line of credit.

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. That's what we're here for.

Step one: determine how much you can borrow

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? You can get a rough answer to both questions by using the calculators on our website. We'll also help you through different scenarios by asking a few simple questions. Based on individual lender guidelines, we'll provide you with a good idea of what kind of terms and loan program from which you can expect to benefit most.

Step two: pre-qualify for your loan

This is where the rubber meets the road. You supply information about your employment, your assets, your residence history, and so on. We get your permission to run your credit score. We review all this information we give you a Pre-Qualification Letter. 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, not you. Make us do the work.