Theresa Springer and her team work closely with you whether you are a future or existing home owner. Beyond her depth of experience…
Finding the right mortgage or home loan isn’t something that should be a self-service process, because not all home loans are the same. Theresa offers a wide range…
If choosing the right mortgage for your specific financial situation and needs were easy, everyone would do it. Here are some things you should know as you do your homework…
How Much Cash Do I Need to Buy a Home?
The current real estate market is dynamic and changing constantly, which means mortgage underwriting requirements can change just as quickly. Theresa insists on sharing the most up-to-the-minute information to assist you in making an educated decision about your financial well-being. Three main components determine the amount of money you’ll bring to “closing” when you buy a home…
The Mortgage Process, Simplified.
Often times, applying for a mortgage can seem like an intimidating and confusing process. Fortunately, it doesn’t have to be! With our experienced Loan Officers to walk you through every step of the home loan process, we’re here to make the road to homeownership as enjoyable and easy as possible.
1. Get Pre-Qualified
In as little as 15 minutes, we will review your credit history, income and assets to determine your buying power.
2. Find Your Dream Home
Work with your Realtor to find the perfect home for you in your price range.
3. Sign Purchase Agreement
Sign a home purchase agreement that outlines the conditions that both you and the seller agree to.
4. Submit Your Loan Application
Complete a full loan application which will require you to provide paystubs, W2s, financial records, etc.
5. Get Your Loan Estimate
Within three days of applying, you’ll receive an official loan estimate which declares your intent to move forward in the loan process.
6. Go Through Underwriting
Your application is submitted to Underwriting for additional review to ensure your ability to repay the loan.
7. Confirm Loan Conditions
Confirm any outstanding contingencies and receive your loan conditions.
8. Receive Your Loan Approval
Receive your loan approval letter upon all required documentation checking out.
9. Your Final Walkthrough
Prior to signing closing documentation, meet with your Realtor for a final walkthrough of your future home.
10. Final Disclosures and Closing
Within six business days before closing, you’ll be required to provide any final disclosures to the Title Company/Closing Agent. Once all documentation is reviewed/signed, you’ll be cleared to close.
eagleHome MOBILE MORTGAGE
This is the evolution of the mortgage loan process. Our new Mobile Mortgage App makes applying for a mortgage on-the-go easier and more convenient than ever before. From instant messaging with your Loan Officer to beginning a full application, every step of the mortgage process is in the palm of your hand.
Ask me for my unique VIP code and download the Mobile Mortgage App today!
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Contact Theresa to discuss your home and construction loan needs. She’ll be happy to answer any questions you have.