Mortgages

The mortgage center is designed to familiarize buyers and sellers with the mortgage process. Usually financing represents the bulk of uneasiness associated with purchasing a home. The information and links on this page should help to alleviate a good majority of that tension. Keep in mind, not every loan is identical….and not every lender is the same, but many of the procedures and components involved in obtaining a mortgage DO remain the same. This information is organized in a step-by-step process which walks potential buyers through the lending process, familiarizes them with the various components of many loans, and touches upon some of the more popular lending programs. Typically, the mortgage process consists of three steps (actually, one step and two leaps).

  1. Pre-qualification

  2. Application

  3. Processing & Underwriting