Mortgage Process
We know that the real estate process at times can seem overwhelming. This is why at Town & Country Mortgage, we make it our priority to make the loan process as simple as possible. Please take a look at our process and familiarize yourself with the documents and steps needed to get loan approval.
Get Pre-Qualified/Approved – Both of these processes will help you understand how much you can borrow and eliminate time wasted searching properties you may not be able to afford. Getting pre-approved gives you the home buyer more leverage when searching for your dream home.
Organize Your Documents – When applying for a home loan, you will need the following documents: Two years of W-2 forms (for all jobs held) and one month of pay stubs, three months of bank statements, and recent copies of stock, mutual fund statements and 401K accounts.
Review Loan Programs and Rates - Determining the right loan for you can be difficult. With different rates, terms, points and fees, it's hard to determine which program is best for you. Please contact us today to discuss the right options for you.
Obtain Loan Approval - Once your loan application has been received, we will start the loan approval process. This involves verifying your credit and employment histories, property value, and assets required to close. Based on your specific situation, additional documents or verifications may be required.
Close the Loan - After your loan is approved, you will be required to sign the final loan documents. Be prepared to do the following:
- Bring a cashier's check for your down payment and required closing costs.
- Review the final loan documents, interest rate, and loan terms.
- Sign the loan documents.