An Overview of the Loan Process

There are four main steps involved in buying a home, but make no mistake there is quite a bit involved in the loan process. In fact, it is much like moving. Without the right help, it can be tricky.

The good news is that we are here to assist you with every step of the loan process. We will do most of the heavy lifting for you so your part is as easy as possible and you can concentrate on what’s important — preparing to move into your new home. After all, we do this for a living.

Step One: Determine How Much You Can Borrow

First things first we need to figure out a couple of things. How much of a monthly payment can you afford? And how much will we loan you based on your unique credit, employment history, income and debt? We’ll also help you through different scenarios by asking a few simple questions. For the second part, we’ll use expertise to help you find the best loan program for you. Let’s start the conversation.

Step Two: Get Pre-Approved For Your Loan

Pre-qualifying is important, especially before you start your home shopping. You supply us with information about your employment, your assets, your residence history, and so on. When we review all this information, we give you a Pre-Approval Letter. Handle it with care — to a home seller, it’s like a suitcase full of cash, but it also helps your bargaining power too. If you’re bidding on the same house as someone else, you might be the one selected just because you’re already Pre- Approved. In other words, it gives you buying clout. In addition, while you’re picking out the home that’s right for you, we’re busy getting your loan ready for processing and underwriting.

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. We finish your loan process and get ready for closing.

Step Four: Your Loan Is Funded

Your real estate agent and the seller’s agent 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 title company to make sure all the papers are in order. After that, you’ll sign everything at the title company’s office. Then we sit back and relax, and you start loading the moving truck.

With M2 Lending Solutions at your side, the loan process is a breeze. You answer a few questions, give us some detailed information and apply online. Next thing you know, you’re moving in. It really is that simple.