Four Step Loan Process

An Overview of the Loan Process

Make no mistake. There is quite a bit involved in the loan process. In fact, it is much like moving. Without the right help, it can be difficult.

The good news is that we are here to assist you every step of the loan process. We will do most of the heavy lifting for you so that you can concentrate on what’s important — preparing to move into your new home, saving money or making plans for your home equity line of credit.

Four Main Steps of the Loan Process

There are four main steps involved in getting a mortgage loan. When you work with us, you’ll see that we make your part as easy as possible and do all the hard work for you. After all, that’s what we’re here to do.

Step One: Determine How Much You Can Borrow

This step includes a couple of things. How much of a monthly payment can you afford? And how much will a lender loan you based on your unique credit, employment history, income and debt? You can get a rough idea of the first part by using the calculators on our website. We’ll also help you through different scenarios by asking a few simple questions. For the second part, we’ll use standard lender guidelines to give you a fair idea of what kind of terms and loan programs you can expect to benefit from most.

Step Two: Pre-Qualify For Your Loan

Pre-qualifying is important, especially before you start your home shopping. You supply us with information about your employment, your assets, your residence history, and so on. Then we run your credit score. When we review all this information, we give you a Pre-Qualification Letter. Handle it with care — to a home seller, it’s like a suitcase full of cash, but it also helps your bargaining power too. If you’re bidding on the same house as someone else, you might be the one selected just because you’re already qualified. In other words, it gives you buying clout. In addition, while you’re picking out the home that’s right for you, we’re busy finding the loan that’s right for you.

Step Three: Apply Now — We Make It Easy

Once you’ve made an offer and it’s been accepted, it’s time to complete the loan application (link to the 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.

Step Four: Your Loan Is Funded

Your real estate 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. After that, you’ll sign everything at the escrow/title company’s office.

With M2 Lending Solutions at your side, the loan process is a breeze. You answer a few questions, give us some detailed information and apply online. Next thing you know, you’re moving in. It really is that simple.

Click here or call us at 1-888-848-1880 to start your mortgage loan today.

M2 Lending Solutions 2000 S Colorado Blvd, Tower One Suite 1-3400 Denver, CO 80222