How the Mortgage Loan Process Works

	Looking for mortgage advice? We will be glad to assist you! Give us a call at 512.257.3749. Ready to begin? Apply Online Now.

Make no mistake, there's quite a lot involved in oder to get a mortgage loan. You wouldn't be here on our site if you could fill out a one-page loan app and get a great loan check cut the same day. But Manhattan Lending, LLC does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

Getting a loan involves four major milestones.

Step one: determine how much you can borrow

This is a function of a couple things. 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? Use the calculators on our website to determine your monthly payment amount. 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: pre-qualify for your loan

This step is where Manhattan Lending, LLC can start to save you money. You will provide information about your employment, your assets, and your residence history. You'll give us information on your employment, asset, and residence history. We will get your credit report and score (with your permission. We will review this information then provide a letter of pre-qualification. 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 a new house with your REALTOR™, we find the best program for you.

Step three: apply now! We make it easy

Once you've made the offer and it's been accepted, you should complete the loan application. Applying for your loan could not get much easier; you can apply right here on our site. When the time is right, we will order the appraisal of your new home.

Step four: your loan is funded

Your REALTOR® and the seller's will coordinate to decide on a title company to take care of the funding of your loan. We'll work with this company to make sure all the papers your lender will need are in order, and you'll probably}likely sign all these papers at this company's officeWe do all the work to work with with the title company on your closing date. Because you will not need to coordinate this process, you can think about moving logistics, painting, carpet, and the fun parts of moving into a new house.

You've answered some few questions, given us lots of information, applied , and Before you know it, you're moving in! We take care of the loan details so you can focus on finding your new home.

Have questions about the loan process? Call Manhattan Lending, LLC at 512.257.3749. We answer questions about the loan process every day.