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'Pre-qualify' with Janet and her productions partners they can give you a firm starting point to start shopping for a home. At your initial consultation, they will gather information about your income and debts and make a preliminary financial decision about how much house you are able to afford. Usually, a prequalification letter can be issued showing the amount that you are credit qualified for, once the information is verified.

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Selecting a mortgage program can be complicated and confusing. There are countless programs available today and their guidelines are changing constantly. Tonya, a Certified Mortgage Planning Specialist, and her team work overtime to keep current on what is available in today’s marketplace. This allows them to assist you in picking the best program to fit into your family’s total financial picture.

Filling out an application is actually the beginning of the formal loan process and usually occurs after you have found a property you want to buy or have determined that you wish to refinance the loan on your existing home. With the help of Janet and her team, you will complete a mortgage application for a particular loan program, along with supplying all of the required documentation for processing. You will discuss various fees, rate and down payment options at this time. You will be provided with a package of initial disclosures that will outline your rights and obligations in the loan process.

Janet’s loan processors reviews the credit reports and documentation that you supplied as part of your loan application to verify your income, assets, employment, debts, and payment histories.

If necessary we may contact your employer and bank directly to verify your relationship with them. If the credit report indicates unacceptable late payments, collections or judgments or other credit history issues, then we will request a written explanation from you. If these are incorrect entries on your credit report, we will work with you to get them removed.

Once Janet has received all the information that we need through processing your loan application, we will 'underwrite' your application. This means that we will compare your credit and income information and the property you want to finance against our loan guidelines for the loan you want.

Janet will do everything we can to get your loan application approved. In some cases, we are not able to approve a loan application because it does not meet guidelines. If that occurs, we do offer a full range of alternative loan programs for which you may qualify, and we will be glad to take another application so that you can reach your home ownership goals.

Once we have worked together to clear any conditions to your loan, we will schedule a closing date with a title company or closing attorney.

At closing, you will sign the documentation to take ownership of your home (if you are purchasing) or transfer your home loan to us (if you are refinancing), as well as get title insurance for your home.

The loan servicer is the company that you actually make your mortgage payment to each month. They are responsible for maintaining the escrow account (if applicable) and seeing that all tax and homeowners insurance payments are made to the proper place at the proper time.