About the Loan Process

There can be little doubt that getting a mortgage loan is a complex process. You wouldn't be researching mortgage loans if you could get a loan in a single day by filling out a simple application. We do most of the heavy lifting for you, so you can concentrate on what's important — preparing to move into your new home or saving money.

Getting a mortgage loan involves four major steps.

Step one: Decide on your maximum loan amount

A couple of factors determine this amount. How much of a 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? You can get a good idea of your preferred payment abount using the calculators on our website. We'll also help you through different scenarios by asking a few simple questions. Based on standard lender guidelines, we'll get you a good idea of what kind of terms and loan program you can expect to benefit most from.

Step two: complete a pre-qualification

This is where Greystone Loans, Inc. will begin saving you money. You will provide details about your current job, your assets, and your residence history. You'll give us information on your employment, asset, and residence history. We will pull get your credit report and score (with your permission. When we review this info we will give you a pre-qualification letter. Be careful with this letter — it can be a great tool for buying your new home! Your agent will likely use your pre-qual (as they may call it) to make the best offer on the home you choose. While you're picking out the home that's right for you, we're busy finding the loan that's just right for your situation.

Step three: apply now! We make it easy

Once you have made the offer and it's been accepted, it's time to apply for the loan. Applying for a loan couldn't be much easier; you can apply online right here on our site. At the end of this step, we'll order an appraisal of your new home.

Step four: funding

The agents will find an escrow/title company to handle the "funding" of the loan and closing. We'll work with this company to make sure all the papers your lender requires are in order, and you will probably}likely sign all these papers at this company's officeWe coordinate with the title company to set your date to close. Because you don't have to worry with this coordination, you get to think about moving logistics, paint colors, carpet, and all the details of moving into a new house.

You've answered some few questions, provided lots of information, applied online, and Before you know it, you're moving in! Greystone Loans, Inc. is a mortgage specialist; you're not — so we do the work. Doesn't that make sense?

Have questions about the loan process? Call Greystone Loans, Inc. at 9094671090. It's our job to answer lending questions, so we're happy to help!