Financing Your New Home

CLICK HERE TO APPLY FOR YOUR LOAN ... On Line! 
At Coldwell Banker Mortgage you will get ...

If you'd rather do it on the phone

call Bill Attaway

619-686-5516

Home Financing Choices

In today's fast-paced Real Estate environment, home buyers need every possible advantage.  We help home buyers simplier by helping buyers get "pre-approved",  and not merely "pre-qualified".  What is the difference?

 

Preapproval vs. Prequalification

Return to Top

 

Fixed Rate Mortgage

Adjustable Rate Mortgage (ARM)

Return to Top

 

Documents Needed to Apply for a Mortgage

Return to Top

 

Repairing Past Credit Problems

Return to Top

 

The Financing Process

  1. Complete the loan application.  An application fee may be required by some lenders.

  2. The lender begins processing the application.

  3. The lending institution requests an appraisal of the  home, a credit report and verification of employment and assets, such as bank accounts.

  4. The lender will provide a booklet containing specific loan information and a good faith estimate of closing and related costs.

  5. An estimate of your loan costs, in the form of an Initial Truth in Lending Disclosure Statement (Reg Z) is issued.

  6. The lender evaluates the application, along with supporting documentation, and approves the loan.

  7. Sign closing documents and the loan is funded.

  8. The lender disburses the funds to the settlement or closing agent.  Seller is paid and title to the home is yours.

  9. Appropriate documents are recorded at the county recorder's office.

  10. You move into your new home!!!

Return to Top

 

Click here to visit Cliff & Gary's Home Page....

EMAIL CLIFF & GARY NOW!

direct line 619-574-5111