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Select McMillin Mortgage for your lender and you will be amazed
at how quickly and simply the loan process can
be.
Throughout the loan-application process, we will
provide you with regular updates. You can email
us with questions or for new information anytime.
If you want quicker assistance, a loan officers,
ready to answer your questions is just a phone
call away.
Here is a quick overview of the loan process:
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STEP ONE:
Determine
How Much You Can Borrow. |
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Pre-Qualify/Pre-Approval?
Pre-qualification acts as a
dry run of the loan application process. McMillin
Mortgage will use details you provide
about your credit, income, assets and
debts to arrive at an estimate of how
much mortgage you can afford. Go to
the online
pre-qualify application now!
The whole process may take only minutes
and is free.
While a "pre-qual" is non-binding obligation
to McMillin Mortgage or you (because
the information you provide has not been
verified), it does serve as a good indication
to potential sellers of your general
creditworthiness.
Pre-approval takes pre-qualification
one step further. To a seller, a Pre-Approval
letter, is consisdered a stronger indicator
of your ability to purchase a home.
McMillin Mortgage will contact
your employer, your bank and others to
verify your income, assets, debts and
credit history. We then issue you
a letter stating that your mortgage is
approved for a certain amount within
a certain timeframe. Your
real estate agent will use your Pre-Approval
Letter to negotiate the best deal for
you. |
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STEP TWO:
Apply
Now! |
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When you have selected a property and have a contract with the
Seller, the next step is to complete your
loan application. This can be done easily
through our website. Go to the purchase
application to start your application. A Loan Officer will
contact you with the various loan options
available. Once you have decided on which
is best, we will assign an underwriter for
review. You will get the results quickly.
Then your application is assigned to a loan
processor who will verify the information.
When this is complete, your file will then
go back to the underwriter for final approval. |
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STEP THREE:
Your
Loan is Approved and Funded. |
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We will coordinate with your escrow company for you to sign
the loan documents at their office. The
loan funds will be deposited with the escrow
company on your behalf. Your loan will
now be closed. Congratulations!
Simple, Straightforward, Cost Effective and FAST! |
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View mortgage types >>
We have programs to match your needs. Didn't find what you wanted here?
Contact us for special programs too new to advertise here.
Sign up for Mortgage
Manager >>
Looking for a special rate - sign up here and
receive an e-mail when rates meet the target you
select.
Tools & Calculators >>
How much can I afford? Should I rent or buy? When does refinancing make sense?
Go to our Calculators page to answer these questions.
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