How the Loan Process Works

Make no mistake, there's quite a lot to do in oder to get a mortgage. You wouldn't be visiting our site if it were possible to complete a simple loan app and receive the best loan check cut the same day. But Ward Kilduff Mortgage does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

Getting a home loan involves four major milestones.

Step one: Decide on your maximum loan amount

A couple of factors determine this amount. What kind of monthly payment are you looking for? What is the maximum you can borrow from a lender, given your income and credit history? 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 is where the rubber meets the road and Ward Kilduff Mortgage can really save you money. You will supply details on your current job, assets, and residence history. You'll provide information on your employment, asset, and residence history. We will get your credit report and score (with your permission. We will review all this info then will provide a letter of pre-qualification. Handle it with care — it is a useful tool for buying your new home! With this letter, your real estate agent will negotiate the best deal for your new home. The pre-qual letter gives you buying clout! While you're shopping for a new home with your real estate agent, we find the best program for you.

Step three: apply for your loan

Once you've made the offer and it's been accepted, it's time to apply for the loan. Applying for your loan couldn't be much easier; you can apply any time right here on our site. When the time is right, we'll order the appraisal of your new home.

Step four: your loan is funded

Your real estate agent and the seller's will work together to find a title company to handle the funding of your loan once it has been approved. We'll work with this company to make sure the papers your lender will require are avaiailable, and you will probably}likely sign all these papers at their officeWe do all the work to work with with this company to set your closing date. Because you don't need to coordinate this process, you get to think about moving logistics, if you're going to repaint, carpet, and all the details of moving into a new house.

You've answered some few questions, provided lots of information, applied , and the next thing you know, you're deciding when to move in! Ward Kilduff Mortgage is a mortgage specialist; you're not — so take care of the details. Makes sense, doesn't it??

Have questions about the loan process? Call Ward Kilduff Mortgage at (860) 658-7100. Ward Kilduff Mortgage answers loan process questions every day.

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