How the Mortgage Loan Process Works

No doubt, quite a lot to do when you get a mortgage loan. You wouldn't be here on our website if it were possible to fill out a one-page loan app and receive a great loan check cut the same day. We do the heavy lifting for you, so you can concentrate on what's important — preparing to move into your new home or saving money.

Getting a home loan involves four major steps.

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? 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 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 rubber meets the road and you save the most money. You will supply information about your employment, assets, and residence history. You'll provide your employment, asset, and residence history information. We will pull get your credit report and score (only after you give your permission. When we review all this info we will give you a pre-qualification letter. Be careful with this letter — it is a great tool for buying your new home! With this letter, your real estate agent will negotiate the best deal for your new home. The pre-qual letter gives you buying clout! While you're looking for your new house with your agent, we find the best program for you.

Step three: apply for your loan

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

Step four: funding

The agents will find a title company to handle the "funding" and closing. We'll work with this company to ensure the papers your lender needs are available, and you'll probably sign everything at this company's office. We will coordinate with the title company to set your closing date. Because you will not have to worry with this coordination, you can concentrate on the move, painting, carpet, and the details involved in moving into your new house.

After you have answered some few questions, given us lots of information, and applied online, you're ready to move in! HT Lending Group, LLC is in the business of mortgage loans; you're not — so we do the work. Doesn't that sound nice?