The Mortgage Loan Process: an Overview

	In the market for a mortgage loan? We will be glad to assist you! Give us a call at (678) 336-5200. Want to get started? Apply Now.

There can be little question ; getting a mortgage loan is a complicated process. You wouldn't be here on our site if it were possible to complete a simple loan app and receive the best loan check cut the same day. But TriStone Financial LLC 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 on your maximum loan amount

A couple of factors determine this amount. 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? Use the calculators on our website to determine your monthly payment amount. 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 step is where TriStone Financial LLC can start saving you money. You will provide details on your current job, your assets, and your residence history. You'll provide information on your employment, asset, and residence history. We will get your credit report and score (only after you give your permission, of course). We'll go over all this information then give you a pre-qualification letter. Handle it with care — it can be a great tool when you make your offer! Your agent will likely use your pre-qual (as they may call it) to make the best offer on the home you choose. The pre-qual letter gives you buying clout! 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 an offer and the sellers have accepted, it's time to apply for the loan. Applying for your loan could not be much easier; you can apply right here on our site. At the end of this step, we will order an appraisal of your new home.

Step four: funding

Your real estate agent and the seller's will work together to decide on an escrow/title company to handle the funding of your loan once it's approved. We'll work with this company to make sure all the papers your lender will need are in order, and you will probably}likely sign all these papers at their officeWe coordinate with this company to set your date to close. Since you will not need to worry with this coordination, you get to concentrate on the move, painting, new carpet, and the details involved in moving into your new house.

You've answered a few questions, provided lots of information, applied online, and before you know it, you're deciding when to move in! TriStone Financial LLC is a mortgage specialist; you're not — so we do the work. Doesn't that sound nice?

Have questions about the loan process? Call TriStone Financial LLC at (678) 336-5200. TriStone Financial LLC answers loan process questions every day.