The Four Steps of the Loan Process:The Loan Process: Four Steps

There is little question ; getting a mortgage loan is a complex process. You wouldn't be here on our website if it were possible to fill out a one-page loan app and get an excellent loan funded in one day. But Norcal Capital Group, Inc does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

Getting a loan involves four major milestones.

Step one: Decide on your maximum loan amount

A couple of factors determine this amount. What kind of monthly payment are you looking for? What is the maximum you can borrow from a lender, given your income and credit history? Use the calculators on our website to determine your monthly payment amount. And we can guide you to the right loan amount and best program for you when you answer a few quewstions. 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: pre-qualify for your loan

This is where Norcal Capital Group, Inc can begin saving you money. You will give us info on your current job, your assets, and your residence history. You'll give us information on your employment, asset, and residence history. We will get your credit report and score (with your permission, of course). We'll review this info and will give you a letter of pre-qualification. With this letter, your REALTOR® will negotiate the best deal for your new home. While you're shopping for your new home with your REALTOR™, we find the best program for you.

Step three: apply now! We make it easy

Once you have signed an offer and the sellers accept it, you should apply for the loan. It's very easy, and you can apply online, right here on our site. When the time is right, we will order the appraisal of your new home.

Step four: funding

Your REALTOR® and the seller's will work together to decide on an escrow/title company to handle the funding of your loan once it's approved. We'll coordinate with this company to ensure all the papers your lender requires are in order, and you will probably}likely sign all these papers at their officeWe coordinate with the title company to set your date of closing. Because you won't have to worry about these details, you can concentrate on moving logistics, painting, new carpet, and the fun parts of moving into your new house.

You've answered a few questions, given us lots of information, applied online, and before you know it, you are moving in! Norcal Capital Group, Inc is in the business of mortgage loans; you're not — so we take care of the details. Doesn't that make sense?

Have questions about the loan process? Call Norcal Capital Group, Inc at 6507631924. We answer questions about the loan process every day.