Buying your first home doesn't have to be over complicated. There are 4, easy to understand steps to getting a mortgage. At Trident Home Loans, we pride ourselves on establishing a relationship with you that you can trust - and then we can take care of the details and do most of the work for you. We do it all the time. We know the pitfalls and we know the right answers.
1. Figure Out How Much You Can Borrow
What 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? Get a rough idea with our calculator. We'll also help you through different scenarios by asking a few simple questions. Based on standard lender guidelines, we can give you a good idea of what kind of terms and loan program you can expect to benefit most from.
2. Pre-Qualify For Your Loan
Be prepared when you find the right house. You give us information about your employment, assets, residence history, etc. We'll take this and your credit score and we'll give you a Pre-Qualification Letter. To a home seller, this is like cash! Your realty agent will use your Pre-Qual (as they may call it) to make the best offer and the seller knows you're already pre-qualified. It gives you buying clout! And while you're picking out the home that's right for you, we're busy finding the loan that's right for you.
3. Complete the Application
Already found your house? Apply Now. Once you've made an offer and it's been accepted, it's time to complete the loan application. It couldn't be easier, and you can do it online, right here at our website. When the time is right, we'll order an appraisal of your new home and gather all the documents to complete the loan package.
4. Your Loan Is Funded
We bring it all together! Your realty agent and the seller's agent will work together to designate an escrow/title company to handle the funding of your loan once it's approved. We'll coordinate with the escrow company to make sure all the papers your lender will need are in order, and you'll sign everything at the escrow/title company's office.