The Loan Process: Four Steps
No doubt, quite a lot to do when you get a mortgage. You wouldn't be here on our website if you could complete a one-page loan app and receive an excellent loan check cut the same day. But Axiom Lending Group does the heavy lifting so you can concentrate on your life rather than the mortgage loan.
Step One: Decide on your maximum loan amount
This is a function of a couple things. 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 amount using the calculators on our website. We'll also help you through different scenarios by asking a few simple questions. Because lender guidelines are fairly standard, we can give you a good idea of how much you can borrow after a short conversation.
Step Two: Complete a pre-qualification
This step is where Axiom Lending Group will begin saving you money. You will give us information on your current job, assets, and your residence history. You'll supply your employment, asset, and residence history information. We pull your credit score and report. We'll go over all this information then will provide a pre-qualification letter. Be careful with this letter — it can be a useful tool when you make your offer! With this letter, your Realtor® will negotiate the best deal for your new home. While you're shopping for the home that's right for you, we're busy researching the loan program that's right for you.
Step Three: Apply now! We make it easy
Once you've made the offer and the sellers have accepted, it's time to complete the loan application. It couldn't be easier, and you can do it online, right here on our site. Finally, we will order an appraisal of your new home.
Step Four: Your loan is funded
Your real estate agent and the sellers will work together to find a title company to handle the funding of your loan once it has been approved. We'll work with this company to ensure all the papers your lender needs are available, and you'll likely sign everything at their office. We will work with the title company to set your date to close. Since you won't need to coordinate this process, you get to think about the move, painting, new carpet, and all the details of getting a new home.
After you have answered a few questions, provided lots of information, and applied online, you're ready to move in! Axiom Lending Group is in the business of mortgage loans; you're not — so we take care of the details. Doesn't that make sense?