Step
1: 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? 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 2: Pre-qualify for your loan.
You supply information about your employment, your assets,
your residence history, and so on. We get your permission
to run your credit score. When we review all this information
we give you a Pre-Qualification Letter. Your realty agent
will use your Pre-Qualification Letter to make the best offer
on the home you choose, and the seller knows you're pre-qualified.
It gives you buying clout.
Step 3: 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. It couldn't be easier. When
the time is right, we'll order an appraisal of your new home.
Step
4: Your loan is funded.
Your realty agent and the seller's will work together to designate
an escrow/title company to handle the funding of your loan
once it's approved. We'll coordinate with the escrow/title
company to make sure all the papers your lender will need
are in order, and you'll sign everything at the escrow/title
company's office.
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| *Annapolis
First Mortgage, LLC may ask you to provide information only
for reference. We will not sell private information to outsiders
for any other activity. |
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