About the Loan Process

No doubt, a lot to do when you get a mortgage. You wouldn't be looking up loan information if you could get a mortgage loan in one day by filling out a simple application. But Bright Vision Mortgage does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

Getting a home loan involves four major milestones.

Step one: Decide how much you can afford

This is a function of a couple things. What kind of monthly payment are you looking for? And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you? Use the calculators on our website to determine your monthly payment amount. And we can guide you to the right loan amount and best program for you when you answer a few quewstions. Because lender guidelines are fairly standard, we can give you a good idea of how much you can borrow after a short conversation.

Step two: pre-qualify for your loan

This step is where Bright Vision Mortgage can begin saving you money. You will give us information about your employment, assets, and residence history. You'll provide information on your employment, asset, and residence history. We run your credit score and report. When we review all this information we provide a letter of pre-qualification. Be careful with this letter — it can be a great tool when you make your offer! Your agent will use the pre-qual (as they may call it) to make the best offer on the home you choose. While you're looking for your new home with your agent, we find the best program for you.

Step three: apply now! We make it easy

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

Step four: your loan is funded

The agents will find a title company to handle the "funding" and closing of the sale. We'll coordinate with this company to make sure all 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 to set your closing date. Because you don't need to coordinate this process, you get to think about moving, painting, new carpet, and the fun parts of moving into your new house.

You've answered some few questions, given us lots of information, applied online, and Before you know it, you'll be moving! Bright Vision Mortgage is in the business of loans; you're not — so we do the work. Doesn't that make sense?

Have questions about the loan process? Call Bright Vision Mortgage at 9043423622. It's our job to answer lending questions, so we're happy to help!