About the Loan Process

No doubt, quite a lot involved when you get a mortgage. You wouldn't be visiting our site if you could complete a one-page application and get the best loan funded the same day. But America's Money Source does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

Getting a home loan involves four major milestones.

Step one: determine how much you can borrow

A couple of factors determine this amount. What kind of monthly payment are you looking for? 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. We'll also help you through different scenarios by asking a few simple questions. 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: complete a pre-qualification

This is where the process really begins and America's Money Source can really save you money. You will provide information about your employment, assets, and residence history. You'll supply your employment, asset, and residence history information. We get your permission to pull your credit score and report. We'll review this information then provide a letter of pre-qualification. Handle it with care — it is a useful tool when you make your offer! With this letter, your real estate agent will negotiate the best deal for your new home. While you're shopping for your new home, we are looking for the loan that best fits your needs.

Step three: apply now! We make it easy

Once you have made the offer and it's been accepted, it's time to complete the loan application. Applying for your loan couldn't be much easier; you can apply right here on our site. After the seller has accepted your offer and you have applied for your loan, we will order a professional appraisal on the home.

Step four: your loan is funded

The real estate agents will find a title company to handle the "funding" and closing of the sale. We'll work with this company to ensure all the papers your lender will need are in order, and you will probably}likely sign all these papers at their officeWe work with with this company on your date of closing. Since you will not need to worry about these details, you can think about the move, painting, carpet, and the details involved in moving into a new home.

You've answered a few questions, given us lots of information, applied online, and Before you know it, you'll be moving! America's Money Source is in the business of loans; you're not — so take care of the details. Doesn't that sound nice?

Have questions about the loan process? Call America's Money Source at 4078987559. We answer questions about the loan process every day.