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Financing

Demystifying Home Loans

If you haven’t experienced it before, the home loan process can feel overwhelming, but our agents will help you stay informed throughout the process, from pre-approval to closing. The first thing to do is consult with a mortgage specialist (or two). If you don’t already have someone in mind, we partner with some of the best lenders in the industry, and we’d be happy to introduce you, so you’ll be taken care of.

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Get Pre-Approval

Before you start looking for a home to buy, it’s a good idea to meet with your Loan Officer to get pre-approved for a loan amount. At this stage, the lender gathers information about income, assets and debts of the borrower (you) to determine how much house you may be able to afford. This includes a credit report, W-2 forms, pay stubs, Federal Tax Returns and recent bank statements. There are a variety of different loan programs, so make sure to get pre-qualification for the specific programs that best suit your needs.

We Help You Get the Best Loan

We’ll help you find the best local loan officer to get you competitive rates and loan programs that fit your individual needs.

Fill out the form below, and we’ll connect you with a lender today!

Start the Process
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Application & Processing

What Happens When a Loan Goes “Live”?

When you find a property you’re ready to buy, your lender will help you complete a full mortgage loan application and explain the various fees and down payment options.

The application is then submitted for processing, where the documents are reviewed and appraisals and title examinations are ordered. Finally, the loan is sent to an underwriter, who reviews the entire application and approves the loan if it meets the necessary requirements.

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Closing

Signing and Finalizing the Deal

Don’t be surprised if you’re asked to provide additional documentation or clarification throughout the process.

Once your loan is approved, remember to set up homeowners insurance. Your documents will be sent to the title company, where you’ll sign the paperwork for your new home and pay any remaining costs.

After the loan is recorded, you’ll receive the keys to your new home.

Congratulations, happy homeowner!

Work With Us

Contact us today for a free consultation to discuss your real estate goals, explore your options, and get answers to your questions. There’s no obligation, no pressure, and absolutely no catch, just helpful guidance to get you started.

Contact Us

Get in Touch

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Contact Details

Best Of Austin Living Team

(512) 994-9206
[email protected]

1801 S MoPac Expy Ste 100 Austin, TX 78746