An Overview of the Loan Process
We'd be lying if we said there's not a lot involved in getting a mortgage loan. You wouldn't be here on our website if you could simply fill out a one-page application and get the best loan for you, funded the same day. What we try to do is make to process as smooth and easy going as possible, so you can concentrate on what's important to you -- like running your business or analyzing other deals.
Understand where you stand as a borrower first. Do you know your credit scores? How much money do you have as a down payment or how much equity is in your building? Answer the basic questions first and let us know if you have any issues we will need to deal with.
There are four main steps involved in getting a loan. You'll see that we've made your part in them as easy as possible, and we do most of the work! That's what we're here for.
Step One: Gather the Information
Unfortunately, the one thing we can not do for you is go into your file cabinets or desk drawers (or shoe boxes) and get the records and documents that are needed to put together a loan application. This is the one step you must do yourself. The way we help is to provide you with a comprehensive checklist of the items that will be needed. You may think it is a long and exhausting list, but we collect the majority of the information up front, so we (and you) don't have any surprises down the road. This way you aren't constantly asked for "just one more thing."
Step Two: Analyzing the Deal
This is where we can save you the most time and money. Once we have the information for the loan application, our trained staff will analyze all the details. We will realistically determine financing options available to you that meet your financing needs.
Step Three: Applying for the Loan
We make it our life to know who the best sources of financing are in the country. We have teamed up with a huge number of lending partners that can provide you with the best loan programs available that way you are not limited to one source. We will submit your loan package to the investor who will give you the financing you request. We assist in the due diligence process by arranging for appraisals and title work. We get you loan ready for funding from start to finish.
Step Four: Closing the Deal!
The final days before your loan closes are some of the busiest days for us. We are arranging the final details with the investor, closer, insurance agents, lawyers, etc. and keeping you in the loop on the important things. We'll coordinate with the escrow/title company to make sure all the closing documents will be in order, and you'll sign everything at the escrow/title company's office.