About the Mortgage Loan Process

No doubt, a lot to do in oder to get a mortgage. You wouldn't be visiting our site if you could fill out a simple application and get an excellent loan funded in one day. But Tenby J. Dahman The Dahman Team does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

There are four main steps involved in obtaining a loan.

Step one: Decide on your maximum loan amount

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. And we can guide you to the right loan amount and best program for you when you answer a few quewstions. 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 is where Tenby J. Dahman The Dahman Team will start to save you money. You will give us details on your employment, assets, and residence history. You'll give us information on your employment, asset, and residence history. We will get your credit report and score (with your permission. After we have gone over all this information we will provide a pre-qualification letter. Your agent should use the pre-qual (as they may call it) to make the best offer on the home you choose. While you're looking for your new house with your REALTOR™, 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 couldn't be easier, and you can apply online, right here on our site. After the offer has been accepted and you have submitted your loan application, we'll order a professional appraisal on the home.

Step four: funding

The real estate agents will find an escrow/title company to handle the "funding" of the loan and closing. We'll work with this company to make sure the papers your lender requires are avaiailable, and you will probably}likely sign everything at their officeWe coordinate with the title company to set your date of closing. Since you will not need to worry about these details, you can think about moving, if you're going to repaint, new carpet, and all the details of moving into a new house.

You've answered a few questions, provided lots of information, applied online, and the next thing you know, you are moving in! We do the legwork so you can focus on finding your new home.

Have questions about the loan process? Call Tenby J. Dahman The Dahman Team at 3038627760. It's our job to answer lending questions, so we're happy to help!