The Four Steps of the Loan Process:The Loan Process: Four Steps

	In the market for a new mortgage loan? We'll be glad to answer your questions about your mortgage needs! Call us at 512-592-5462. Ready to get started? Apply Here.

No doubt, a lot to do in order to get a mortgage. You wouldn't be here on our website if you could complete a one-page loan app and get the best loan check cut in one day. But United Lending LLC does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

Getting a loan involves four major milestones.

Step one: determine how much you can borrow

A couple of factors determine this amount. How much of a monthly payment can you afford? 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: complete a pre-qualification

This is where the rubber meets the road and you save the most money. You will give us info about your employment, your assets, and your residence history. You'll give us your employment, asset, and residence history information. We run your credit score and report. When we review this info we will give you a pre-qualification letter. Handle it with care — it can be a great tool when you make your offer! Your agent will use the pre-qual (as they may call it) in order to make the best offer on the home you choose. The pre-qual letter gives you buying clout! While you're looking for a new house with your agent, we find the best program for you.

Step three: apply now! We make it easy

Once you have made an offer and it's been accepted, it's time to apply for the loan. Applying for your loan could not get much easier; you can apply right here on our site. After the offer has been accepted and you have applied for your loan, we will order a professional appraisal on the 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 coordinate with this company to ensure all the papers your lender will need are available, and you will probably}likely sign all these papers at this company's officeWe work with with this company on your closing date. Because you don't have to worry with this coordination, you get to concentrate on moving, painting, new carpet, and all the details of moving into a new home.

You've answered a few questions, provided detailed information, applied , and the next thing you know, you're deciding when to move in! United Lending LLC is a mortgage specialist; you're not — so take care of the details. Doesn't that make sense?

Have questions about the loan process? Call United Lending LLC at 512-592-5462. We answer questions about the loan process every day.