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

	Are you looking for a mortgage loan? We can help! Give us a call today at (817) 821-5179. Want to get started? Apply Online Now.

No doubt, quite a lot to do in oder to get a mortgage. You wouldn't be looking up loan information if you could get a loan in one day by filling out a simple application. But FNB Town Square Mortgage does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

There are four important steps involved in obtaining a loan.

Step one: determine how much you can borrow

This is a function of a couple things. How much of a monthly payment can you afford? 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 quewstions. 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 is where the rubber meets the road and you save the most money. You will supply details about your employment, your assets, and your residence history. You'll supply your employment, asset, and residence history information. We get your permission to run your credit score and report. After we've reviewed this information, we'll provide you with a pre-qualificaiton letter. Be careful with this letter — it can be a useful tool when you make your offer! With this letter, your real estate agent will negotiate the best deal for your new home. While you're shopping for a new house with your real estate agent, we find the best program for you.

Step three: apply now! We make it easy

Once you've made an offer and it's been accepted, it's time to complete the loan application. Applying for a loan couldn't be much easier; you can apply any time right here on our site. At the end of this step, we will order the appraisal of your new home.

Step four: your loan is funded

The agents will find a title company to handle the "funding" and closing of the sale. We'll work with this company to ensure the papers your lender will need are avaiailable, and you'll probably}likely sign all these papers at their officeWe do all the work to coordinate with the title company to set your date to close. Since you won't need to coordinate this process, you get to think about moving logistics, painting, new carpet, and the details involved in getting a new house.

You've answered a few questions, given us lots of information, applied online, and before you know it, you are deciding when to move in! FNB Town Square Mortgage is in the business of mortgage loans; you're not — so we take care of the details. Doesn't that sound nice?

Have questions about the loan process? Call FNB Town Square Mortgage at (817) 821-5179. FNB Town Square Mortgage answers loan process questions every day.