1. Application - we offer you the following
mortgage application choices:
- You can call (858) 748-8700 and
speak with one of our Home Loan Experts, where we'll provide
you with several mortgage options based on your financial goals
and dreams
- You can apply online at this
web site
- You can make an appointment to complete the application in
our office
Upon completion of your application we'll send you a Good Faith
Estimate (GFE), a Federal Truth-in-Lending Disclosure statement
(required by the federal Government), and a list of documentation
required to expedite the processing and conditional approval of
your loan. You will be requested to return these documents in a
timely manner.
2. Processing - Once we receive your application we'll look
over your the information you entered and determine if any documents
are missing and/or needed. Your credit report will be pulled (we
will give you a copy) and an appraiser in your local area will be
commissioned to appraise the property. We will assign you with your
own dedicated, internal processor to your file acting as your point
of contact for any questions relating to your loan from start to
finish. Once we receive your completed application and/or supporting
documents, the file will be submitted to underwriting for approval.
3. Underwriting - The lender's decision to approve or deny
a loan is based upon several basic factors: credit score, income,
debt to income ratio, cash, savings and/or property appraisal. The
underwriting process typically takes 24 to 48 hours. If any challenges
arise during the lender underwriting process we will immediately
contact you to discuss how we can best overcome and satisfy the
underwriting conditions.
4. Closing - After your loan has been approved, we will have
the closing documents prepared and sent to escrow. Closing usually
occurs within three days of approval unless you or the contract
calls for a later date. When choosing to sign the loan documents
you have several options; you can sign in the escrow office, we
can send a notary to you, or if you're out of town, we'll Fed Ex
the documents and also arrange a notary at your location (within
the US).
For more details please view
Should
you choose an adjustable or fixed mortgage?
If you have futher questions, we'll be glad to explain any part
of the Mortgage Process with you.
