The Mortgage Process

GATHER

In order to determine your loan eligibility, we gather your financial records.

CREDIT SCORE

A credit reporting agency collects information about your credit history as a borrower and issues your credit score. This helps to determine the type and/or the specifics of the mortgage you may be pre-qualified for.

PRE-QUALIFICATION

Your financial records and credit score allow us to pre-qualify you for a mortgage.

SEARCH

As you search for your home, your pre-qualification letter will give you greater credibility as a qualified buyer.

FIND

A significant decision has been made. You have found your home and are ready to make an offer.

SIGN A CONTRACT

After both parties agree to the purchase price and terms of sale, you and the seller sign a contract of sale.

SELECT

By collaborating with our financial representatives, you will select the loan structure of your mortgage that best aligns with your financial goals.

APPLY

You may apply for your selected loan through the completion of the loan application. We assist you every step of the way and ensure you have all the necessary documents.

APPRAISAL

A licensed specialist appraises the value of the property you are purchasing and provides a legal report.

UNDERWRITING

Our underwriter reviews your credit profile and the property's appraisal. If the loan is approved, the underwriter will determine the final terms of the loan.

CLEARED TO CLOSE

If your loan is approved, the closing documents are delivered to the closing agent.

CLOSING

During the closing, a promissory note (a written promise to repay the total sum plus interest, at the agreed length of time to fulfill the promise) is signed by the borrower and the deed transfers ownership of the property.