It may sound obvious, but this whole process begins once we know who you are. Let us connect you with one of our trustworthy loan advisors to get you pre-approved. They will discuss your particular needs and requirements and give you an even more in-depth picture of what you should expect during this process.
Getting pre-approved will give you the clarity you need to focus on the fun stuff—finding your next home! While we know this part of the process can be fun, it can also be overwhelming, which is why it’s always a good idea to work with a knowledgeable real estate agent. Don’t have one yet? Not to worry. APM is happy to recommend a high-caliber agent in your community. Just give us a call!
APM gets straight to work once you’ve found that perfect home. This is where we get up close and personal as your mortgage application will require information such as your credit score, credit report, employment history, tax returns, appraisal on the home you intend to buy, and more. Don’t get too stressed about it, though; we’re here to guide you through what you need and when.
There are lots of loan options out there. It’s our job to determine the right one for you. We’ll review with you one-on-one to hear more about your lifestyle, financial situation, and future goals as we collaborate to find the perfect loan product for you.
We know it’s hard, but once your mortgage application is complete, it’s the underwriter’s time to shine. The underwriter will look at the specifics of the loan requested, your likely ability to repay the loan, and the home to determine if this is a good fit for everyone involved. Of course, they have a very sophisticated way of doing all this, but in a nutshell, that's what it boils down to.
If all goes well—and we’re here to help make sure it does—you’ll receive the green light to close on your loan! You’ll receive a list of closing conditions that must be met before the loan is official. “Closing conditions” can make it sound like you have to jump through hoops to close, but this isn’t typically the case. Conditions mostly involve easy items like verifying you’re still with your current place of employment and that you purchased homeowner’s insurance.
Your lender will send a closing disclosure document once all your closing conditions have been met. If all looks well and you still want to proceed with the home sale, just supply your John Hancock on all the necessary paperwork. The title will be recorded, and you get keys to your dream home!
