How it works

How It Works

Purchase

  1. Meet with The Mortgage Store to pre-qualify for a home loan.
  2. Begin the home search.
  3. Finalize your loan application and discuss loan types.
  4. Provide The Mortgage Store with all required documentation.
  5. Shop for homeowners insurance, if necessary.
  6. Loan is submitted to lender for underwriting and approval.
  7. Discuss rates and locking your loan with your loan consultant.
  8. Finalize rate and schedule closing.
  9. Sign loan documents at title company.

Refinance

  1. Meet with The Mortgage Store to discuss options.
  2. Complete loan application and provide necessary documentation.
  3. The Mortgage Store orders an appraisal.
  4. Loan is submitted to lender for underwriting and approval.
  5. Discuss rates and locking your loan with your loan consultant.
  6. Finalize rate and schedule closing.
  7. Sign loan documents at title company.

 

Construction

  1. Meet with The Mortgage Store to discuss time frame and specifics.
  2. Complete loan application and provide necessary documentation, including completed specs, plans and budget.
  3. The Mortgage Store orders appraisal.
  4. Loan is submitted to lender for underwriting and approval.
  5. Finalize rate and schedule closing.
  6. Sign loan documents at title company.
  7. Work with title company or lender during construction process.
  8. Meet with The Mortgage Store upon completion of home for permanent financing.