About the Loan Process

No doubt, a lot involved in oder to get a mortgage loan. You wouldn't be looking up loan information if it were possible to get a mortgage loan in a single day by filling out a simple application. But Lear Financial Group LLC. does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

Getting a home loan involves four major steps.

Step one: determine how much you can borrow

A couple of factors determine this amount. How much of a monthly payment can you afford? What is the maximum you can borrow from a lender, given your income and credit history? You can get a good idea of your preferred payment abount using the calculators on our website. We'll also help you through different scenarios by asking a few simple questions. Based on standard lender guidelines, we'll get you a good idea of what kind of terms and loan program you can expect to benefit most from.

Step two: complete a pre-qualification

This is where the process really begins and Lear Financial Group LLC. can really save you money. You will provide info about your employment, your assets, and your residence history. You'll give us your employment, asset, and residence history information. We get your permission to pull your credit score and report. After we've finished reviewing the provided information, we'll give you a pre-qualificaiton letter. Your REALTOR® should use the pre-qual (as they may call it) to make the best offer on the home you choose. While you're looking for a new house with your REALTOR™, we find the best program for you.

Step three: apply for your loan

Once you have made an offer and it's been accepted, you should complete the loan application. Applying for a loan could not be much easier; you can apply right here on our site. When the time is right, we'll order the appraisal of your new home.

Step four: funding

The agents will find a title company to handle the "funding" and closing of the sale. We'll coordinate with this company to ensure the papers your lender needs are avaiailable, and you'll probably}likely sign all these papers at their officeWe do all the work to work with with this company on your date of closing. Because you will not have to coordinate this process, you can concentrate on the move, if you're going to repaint, new carpet, and the details involved in moving into a new house.

You've answered some few questions, given us detailed information, applied online, and before you know it, you are moving in! We do the legwork so you can spend your time finding your new home.

Have questions about the loan process? Call Lear Financial Group LLC. at 214-869-7339. We answer questions about the loan process every day.