Financing
Financing Your Purchase
From choosing a lender to funding day, here is how the loan process works.
Step 1
Financing Options
A Green File should contain all of your important financial documents.
Step 2
Shop for a Loan
Today, lenders can be found through a variety of sources.
Step 3
Know the Numbers
Typically, it costs under $50 to check your credit.
Step 4
Get Pre-Approved
The pre-qualification process can be completed fairly quickly, based on less information than is required for getting pre-approved.
Step 5
Applications & Processing
The mortgage broker is the person or company who is your main contact throughout your loan.
Step 6
Funding
When the lender is ready to “close” your loan, or “fund” it, your real estate agent and your mortgage broker will have you sign the final loan documents.