About the Mortgage Loan Process

There's quite a lot to do in oder to get a mortgage. You wouldn't be visiting our website if you could fill out a simple loan application and receive a great loan funded the same day. But Ward Kilduff Mortgage does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

There are four important steps involved in obtaining a mortgage loan.

Step one: determine how much you can borrow

A couple of factors determine this amount. 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 good idea of your preferred payment abount using the calculators on our website. And we can guide you to the right loan amount and best program for you when you answer a few quewstions. 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 the rubber meets the road and Ward Kilduff Mortgage can really save you money. You will provide information about your current job, assets, and your residence history. You'll provide information on your employment, asset, and residence history. We run your credit score and report. After we've finished reviewing this information, we'll give you a pre-qualificaiton letter. Handle it with care — it is a great tool when you make your offer! With this letter, your REALTOR® will negotiate the best deal for your new home. The pre-qual letter gives you buying clout! While you're looking for your new house with your 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 could not be 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: funding

The real estate agents will find a title company to handle the "funding" of the loan and closing of the sale. We'll work with this company to ensure the papers your lender needs are avaiailable, and you will probably}likely sign all these papers at their officeWe coordinate with the title company on your closing date. Because you don't have to worry with this coordination, you get to think about the move, paint colors, carpet, and all the details of getting your new home.

You've answered a few questions, given us detailed information, applied online, and Before you know it, you'll be moving in! Ward Kilduff Mortgage is a mortgage specialist; you're not — so we take care of the details. Doesn't that make sense?

Have questions about the loan process? Call Ward Kilduff Mortgage at (860) 658-7100. It's our job to answer lending questions, so we're happy to help!

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