6 Steps To A Mortgage Loan--How The Process Works

May 05th, 2010

You have used a free mortgage calculator and considered different mortgage amounts and mortgage rates and mortgage payments. You have done your research on the historically low mortgage rates, selected a mortgage originator to work with, and are applying for a new mortgage. Now what? Many mortgage applicants are unsure as to what happens next as they move through the mortgage process.

6 Steps To A Mortgage Loan

Here are the six basic steps to obtain a mortgage loan:

Now when you use a free mortgage payment calculator to decide whether you can afford to purchase a new home or benefit from a refinance mortgage, you know what will happen next!

Posted By :
Dennis C. Smith is co-owner and broker of record for Stratis Financial in southern California. He has over twenty years' experience in the mortgage industry.

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