The task of getting a mortgage loan can be difficult. It is helpful to see an overview of the process. A mortgage broker can be a useful guide through this process, even before the search for a house begins. The mortgage broker takes you through the four basic phases from the preliminary decisions through the final loan funding. Let's take a closer look at these steps:

Preliminary decisions
First, working with you, we will determine what type of loan will benefit you most. Based on factors such as your employment history, income and debts, and credit history, we can decide the general amount that a lender would loan you and how large of a payment you could make. We will also consider the best terms available and the legal ramifications of ownership.

Pre-Qualification
Next, we will gather and review the necessary information (such as residence and employment history, assets, etc.) and run a credit score in order to give you a Pre-Qualification Letter. This letter tells the seller that you are a viable buyer. Now you are ready to look for the home that best fits all your needs.