How the Loan Process Works

There's no question that getting a mortgage is a complex process. You would not be researching mortgage loans if it were possible to get a mortgage loan in one day by filling out a simple application. 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: determine how much you can borrow

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. 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: pre-qualify for your loan

This step is where Chris Caggiano - Grand Oaks Funding, LLC will begin to save you money. You will provide information about your employment, your assets, and your residence history. You'll provide information on your employment, asset, and residence history. We will pull get your credit report and score (only after you give your permission, of course). After we've reviewed this information, we'll provide you with a pre-qualificaiton letter. Your REALTOR® will use the pre-qual (as they may call it) to make the best offer on the home you choose. While you're picking out your new home, we're busy researching the loan program that's just right for your unique situation.

Step three: apply now! We make it easy

After you've signed an offer and the sellers have accepted, it's time to apply for the loan. Applying for your loan could not get much easier; you can apply online right here on our site. After the seller has accepted your offer and you have applied for your loan, we will order the professional appraisal on the home.

Step four: funding

Your REALTOR® and the seller's will coordinate to find an escrow/title company to take care of the funding of your loan. We'll work with this company to ensure the papers your lender will require are avaiailable, and you will probably}likely sign all these papers at this company's officeWe do all the work to coordinate with the title company on your date of closing. Because you will not need to worry about these details, you can concentrate on the move, painting, carpet, and the details involved in getting a new home.

You've answered some few questions, given us lots of information, applied online, and Before you know it, you'll be moving! We take care of all the loan details so you can spend your time finding the new home that's right for you.

Have questions about the loan process? Call Chris Caggiano - Grand Oaks Funding, LLC at (718) 477-4405. Chris Caggiano - Grand Oaks Funding, LLC answers loan process questions every day.

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