About the Loan Process

There can be no question ; getting a mortgage loan is a complicated process. You would not be researching mortgage loans 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.

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

Step one: determine how much you can borrow

This is a function of a couple things. How much of a monthly payment can you afford? And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you? 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: pre-qualify for your loan

This is where the process really begins and Bright Vision Mortgage can really save you money. You will supply info about your employment, assets, and your residence history. You'll provide your employment, asset, and residence history information. We get your permission to run your credit score and report. After we've reviewed the provided information, we'll give you a pre-qualificaiton letter. Be careful with this letter — it is a great tool when you make your offer! Your real estate agent will use your pre-qual (as they may call it) to make the best offer on the home you choose. While you're shopping for your new home with your real estate agent, we find the best program for you.

Step three: apply now! We make it easy

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

Step four: your loan is funded

Your real estate agent and the seller's will coordinate to designate a title company to take care of the funding of your loan. We'll work with this company to ensure all the papers your lender needs are in order, and you will probably}likely sign everything at their officeWe do all the work to coordinate with the title company to set your date to close. Because you don't need to worry with this coordination, you can concentrate on moving logistics, painting, carpet, and the details involved in moving into your new house.

You've answered a few questions, given us lots of information, applied online, and Before you know it, you're moving! We do the legwork so you can focus on finding the new home that's right for you.

Have questions about the loan process? Call Bright Vision Mortgage at 9043423622. We answer questions about the loan process every day.

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159 Hampton Point Drive Suite 4
St. Augustine, FL 32092