4 Steps of the Mortgage Process

Step 1: Mortgage Application
Evaluate your financial situation, complete the mortgage application, and verify the provided information.

Step 2: Choose the Right Mortgage Program
Choose the loan that is most suitable for your financial position and aspirations. There are four main forms of home financing loans: Fixed Rate Mortgage, Adjustable Rate Mortgage, Combination Rate Mortgage, and Lines of Credit.

Step 3: Mortgage Submission and Approval
Submit necessary information and documentation, await mortgage approval, review your commitment, and send any additional required documents to the mortgage associate.

Step 4: Work with Your Lawyer
Review and sign mortgage instructions with the lawyer, ensure accuracy of terms and conditions, prepare payments for closing, and provide essential documents such as homeowner’s insurance for closing.

Note that each step may have potential lapses, so it’s advisable to consult a mortgage professional for guidance.

Homes for sale in Carmel Valley click here.

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Shirin Rezania Ramos | 858.345.0685 | www.shirinramos.com | Compass, DRE 0203379

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