The Mortgage Process

Are you feeling lost in the mortgage process? You’re not alone.

My clients often come to me feeling overwhelmed by the thought of getting a mortgage and what seems to be a complex process. They often tell me they’re confused and don’t know where to start. That’s why I guide them through the process step by step, so they can feel confident and secure in buying a home.

Take the first step by setting an appointment with a mortgage professional such as myself and gather required documents.

Two most recent pay stubs, two most recent asset statements, two most recent tax returns and W2’s, etc. to present during the pre-approval appointment, which help to assess your qualifications.

• During the appointment. I will be glad to answer all your questions and concerns about home loans as well as purchasing a home. I will also give you a rough estimate of your qualifications.
• Assuming all documentation is complete and in order, I will issue a formal pre-approval letter within 24-48 hours.
• Once pre-approved, you are then ready to go find the perfect place to call home.
• As soon as your offer to purchase has been accepted and escrow opened, we will then need to begin working on getting your loan file ready for underwriting submission and your appraisal will be ordered (Underwriters are there to reconfirm qualifications by reviewing documents such as income stability, credit, property type/condition, and that the appraised value is acceptable prior to issuing an official loan commitment).
• When I receive a loan commitment a few days later, there will always be loan conditions to the approval (Usually extra documentation needed to solidify qualifications)
• As soon as the loan conditions have been gathered and the underwriter signs them off, then approx. 24-48 later the final loan documents will be drawn up and will need to be signed in the presence of a notary.
• At that point, you will then be instructed to wire the funds needed to close on your purchase to title/escrow and we will officially close on your purchase within a day or two later.

If you should have any questions about the mortgage process or would like to schedule an appointment, please click here or call me at 619-208-6499.  I am here ready to help you at either my Chula Vista office or my San Diego Office.