About the Mortgage Loan Process

There's little question ; getting a mortgage is a complicated process. You wouldn't be looking up loan information if it were possible to 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.

There are four primary steps involved in getting a mortgage loan.

Step one: determine how much you can borrow

This is a function of a couple things. What kind of monthly payment are you looking for? What is the maximum you can borrow from a lender, given your income and credit history? 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. 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 Bright Vision Mortgage will begin to save you money. You will provide information on your current job, your assets, and residence history. You'll give us your employment, asset, and residence history information. We run your credit score and report. After we've finished reviewing this information, we'll provide a pre-qualificaiton letter. Your REALTOR® will use your pre-qual (as they may call it) to make the best offer on the home you choose. While you're picking out your new home, we're busy finding the loan that's just right for you.

Step three: apply now! We make it easy

Once you have made the offer and the sellers have accepted, it's time to apply for the loan. It couldn't be easier, and you can apply online, right here on our website. After the offer has been accepted and you have applied for your loan, we'll order the professional appraisal on the home.

Step four: funding

The real estate agents will find an escrow/title company to handle the "funding" and closing of the sale. We'll work with this company to ensure the papers your lender will need are in order, and you will probably}likely sign all these papers at their officeWe do all the work to work with with this company on your date to close. Since you don't need to worry with this coordination, you can think about moving logistics, paint colors, carpet, and the fun parts of getting a new home.

You've answered a few questions, given us detailed information, applied online, and the next thing you know, you're moving in! We take care of the legwork so you can spend your time finding your new home.

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!