About the Mortgage Loan Process
Searching for a mortgage loan? We can assist you! Call us at (949) 533-5311. Ready to get started? Apply Here
There is no question that getting a mortgage is a complicated process. You wouldn't be visiting our website if you could fill out a one-page loan app and receive a great loan funded the same day. We do most of the heavy lifting for you, so you can concentrate on what's important — preparing to move into your new home or saving money.
There are four primary steps involved in getting a loan.
Step one: Decide on your maximum loan amount
This is a function of a couple things. What kind of monthly payment are you looking for? What is the maximum you can borrow from a lender, given your income and credit history? You can get a good idea of your preferred payment amount 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 questions. Based on standard lender guidelines, we'll get you a good idea of what kind of terms and loan program you can expect to benefit most from.
Step two: complete a pre-qualification
This step is where The Ross Fund will start saving you money. You will provide information on your current job, assets, and residence history. You'll give us information on your employment, asset, and residence history. We get your permission to pull your credit score and report. After we've reviewed the provided information, we'll provide a pre-qualification letter. With this letter, your REALTOR® will negotiate the best deal for your new home. While you're looking for your new house with your agent, we find the best program for you.
Step three: apply now! We make it easy
Once you have made an offer and the sellers have accepted, it's time to apply for the loan. It's very easy, and you can apply online, right here on our website. Finally, we'll order the appraisal of your new home.
Step four: funding
The real estate agents will find an escrow/title company to handle the "funding" of the loan and closing of the sale. We'll work with this company to ensure all the papers your lender requires are in order, and you will probably}likely sign everything at their officeWe coordinate with this company to set your closing date. Since you won't need to coordinate this process, you can think about moving, if you're going to repaint, new carpet, and the details involved in moving into your new house.
You've answered a few questions, provided lots of information, applied online, and the next thing you know, you're deciding when to move in! The Ross Fund is a mortgage specialist; you're not — so we take care of the details. Makes sense, doesn't it??
Have questions about the loan process? Call The Ross Fund at (949) 533-5311. The Ross Fund answers loan process questions every day.