
Dos and Don’ts for A Smooth Mortgage Loan Process
In order to close your loan quick and to provide the best service possible we suggest following this list of Dos and Don’ts
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When preparing to buy a home, the first thing all homebuyers should do is sit down with a Mortgage Loan Originator and go over a mortgage application. During the application process, homebuyers will learn all loan options available to them, what payment estimates look like, what they can afford and what payment fits within their budget. The application process will determine what buyers are prequalified for and results in being issued a prequalification letter. By having this letter in hand, buyers are able to get in touch with a local and trusted Real Estate Agent to begin the home search process. By speaking with a Mortgage Loan Originator first, buyers can be comfortable throughout the home search process in what price range they should be searching within and what price range they are comfortable with. In a competitive marketplace, being prepared and knowing your options will be a distinct advantage over other buyers who aren’t certain on financing options.
Throughout the process, homebuyers will hear terms that are commonly used during this process. Realtors, lenders, home inspectors and others may refer to terminology specific to obtaining a home loan or specific to purchasing a home. Some common terminology and definitions are listed below:
Find a member of the Great Western Bank Mortgage Team near you.
Chris Knight
Mortgage Manager
Great Western Bank
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In order to close your loan quick and to provide the best service possible we suggest following this list of Dos and Don’ts
Home buyers often ask about rates and timing. Let Chris, our Mortgage Manager, fill you in on both subjects.
Learn what pre-qualification is and how it might help you buy a new home.