Shopping for a mortgage loan? We’d be thrilled to talk about our many mortgage solutions! Give us a call today at (352) 264-0011. Ready to begin? Apply Online Now.
There’s little doubt; getting a mortgage is a complex process. You wouldn’t be looking up loan information if it were possible to get a loan in one day by filling out a simple application. But Alligator Mortgage Company 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 mortgage 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? What is the maximum you can borrow from a lender, given your income and credit history? 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. Based on standard lender guidelines, we’ll get you a good idea of what kind of terms and loan program you can expect to benefit most from.
Step two: pre-qualify for your loan
This step is where Alligator Mortgage Company can begin saving you money. You will give us info about your employment, your assets, and your residence history. You’ll supply information on your employment, asset, and residence history. We pull your credit score and report. We’ll review all this info and will provide a pre-qualification letter. With this letter, your REALTOR® will negotiate the best deal for your new home. While you’re deciding on your new home, we are researching the loan that best fits your needs.
Step three: apply for your loan
Once you have made the offer and the sellers have accepted, you should apply for the loan. It’s very easy, and you can apply online, right here on our site. Finally, we’ll order an appraisal of your new home.
Step four: funding
The real estate agents will find an escrow/title company to handle the “funding” and closing of the sale. We’ll work with this company to make sure the papers your lender requires are available, and you will probably}likely sign everything at their office. We do all the work to work with this company to set your date to close. Since you don’t need to worry with this coordination, you get to think about moving, if you’re going to repaint, carpet, and the fun parts of getting a new house.
You’ve answered some few questions, provided detailed information, applied, and the next thing you know, you’re deciding when to move in! Alligator Mortgage Company is in the business of mortgage loans; you’re not — so we take care of the details. Makes sense, doesn’t it??
Have questions about the loan process? Call Alligator Mortgage Company at (352) 264-0011. Alligator Mortgage Company answers loan process questions every day.