How the Mortgage Loan Process Works

	Are you looking for a new mortgage loan? We'd be thrilled to talk about our mortgage offerings! Call us at 415.931.2883. Ready to begin? Apply Now.

No doubt, quite a lot to do in order to get a mortgage. You wouldn't be here on our website if it were possible to complete a simple application and receive a great loan check cut in one day. We do the heavy lifting for you, so you can concentrate on what's important — preparing to move into your new home or saving money.

Getting a loan involves four major steps.

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? And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you? You can get a good idea of your preferred payment amount using the calculators on our website. 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 Bridge View Funding will start to save you money. You will supply information about your employment, your assets, and residence history. You'll supply information on your employment, asset, and residence history. We get your permission to pull your credit score and report. After we've reviewed the provided information, we'll give you a pre-qualification letter. Your real estate agent should use your pre-qual (as they may call it) in order to make the best offer on the home you choose. While you're picking out your new home, we're busy researching the loan program that's right for your unique situation.

Step three: apply for your loan

Once you have made an offer and the sellers have accepted, it's time to complete the loan application. Applying for your loan could not be much easier; you can apply right here on our site. When the time is right, we'll order the appraisal of your new home.

Step four: funding

Your REALTOR® and the seller's will work together to find a title company to take care of the funding of your loan. We'll coordinate with this company to make sure all the papers your lender requires are available, and you'll probably}likely sign all these papers at their officeWe do all the work to work with with the title company to set your closing date. Because you don't have to worry with this coordination, you get to concentrate on moving, paint colors, new carpet, and all the details of moving into a new home.

You've answered some few questions, provided lots of information, applied , and Before you know it, you're moving! We do the mortgage legwork so you can focus on finding your new home.

Have questions about the loan process? Call Bridge View Funding at 415.931.2883. We answer questions about the loan process every day.