Stop Foreclosures!  Get the Right Loan

　

PURCHASE LOAN PROCESS
To start your home searching, you often need to be pre-qualified with a loan officer to determine the value of the house that you can afford. You may either fill out the Pre-approval Questionnaire or call to begin the process. Follow the steps below and we will handle the rest!

Step 1: Loan Consultation
button2.gif (80 bytes) Fill out & submit the Pre-approval Questionnaire and let us know what your personal needs are.
button2.gif (80 bytes) We will discuss loan programs and your options. You are now ONE step closer to owning a home!

Step 2: Complete Application and Get a Pre-Approval Letter
button2.gif (80 bytes) Fill out the application to get your loan started.
button2.gif (80 bytes) We will contact you and provide you with a pre-approval letter to be used when making an offer on a house.

Step 3: Find a Home
button2.gif (80 bytes) We are also members of California Association of REALTORS. Our proficient knowledge in mortgage can assist you in purchasing a property.
button2.gif (80 bytes) Once your offer has been accepted, we will provide us with a completed purchase agreement and the escrow and title information.

Step 4: Home Appraisal is Ordered
button2.gif (80 bytes) The cost of the appraisal is determined by the square footage of your home. The cost starts from $350 and above.

Step 5: Completed Loan Package to be Submitted to Lender
button2.gif (80 bytes) Documentation may vary depending on your loan program. Please refer to the checklist for required documentation.
button2.gif (80 bytes) Your application, disclosures, credit report, escrow instructions, preliminary title report and appraisal are submitted to the lender once are received.

Step 6: Your loan is approved with a list of conditions to be met

Step 7: Your interest rate is locked at this time

Step 8: Docs are drawn and ready for signing
button2.gif (80 bytes) Once prior to doc conditions have been met, the lender will then draw docs and forward them to the escrow company.
button2.gif (80 bytes) Escrow company will then schedule a time and place for you to meet with a notary for signing.

Step 9: Final Conditions
button2.gif (80 bytes) Escrow sends the signed docs back to the lender for final review.
button2.gif (80 bytes) Final prior to funding conditions are received and reviewed.

Step 10: Funding
button2.gif (80 bytes) The lender will send a wire transfer to the title company.
button2.gif (80 bytes) Escrow will disburse the funds to the appropriate parties.
button2.gif (80 bytes) ESCROW CLOSED! You are a new homeowner now!!!! Congratulations!!!


REFINANCE LOAN PROCESS
Repeat Step 1-10 above excludes Step 3.


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