How the Mortgage Loan Process Works

Make no mistake, there's quite a lot involved in oder to get a mortgage. You wouldn't be visiting our site if it were possible to complete a simple loan application and get the best loan check cut in one day. We do most of the heavy lifting for you, so you can concentrate on what's important — preparing to move into your new home or saving money.

Getting a loan involves four major steps.

Step one: Decide how much you can afford

This is a function of a couple things. 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. We'll also help you through different scenarios by asking a few simple questions. Based on standard lender guidelines, we'll get you a good idea of what kind of terms and loan program you can expect to benefit most from.

Step two: pre-qualify for your loan

This is where the rubber meets the road and Norcal Capital Group, Inc can really save you money. You will provide details on your employment, assets, and your residence history. You'll provide your employment, asset, and residence history information. We will get your credit report and score (only after you give your permission. After we've finished reviewing this information, we'll provide you with a pre-qualificaiton letter. Your real estate agent will likely use the pre-qual (as they may call it) in order to make the best offer on the home you choose. The pre-qual letter gives you buying clout! While you're looking for your new house with your agent, we find the best program for you.

Step three: apply now! We make it easy

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

Step four: funding

The real estate agents will find an escrow/title company to handle the "funding" of the loan and closing. We'll work with this company to make sure the papers your lender needs are in order, and you'll probably}likely sign everything at their officeWe work with with this company on your closing date. Since you won't have to worry about these details, you can think about moving, paint colors, new carpet, and the details involved in getting your new house.

You've answered some few questions, provided lots of information, applied , and the next thing you know, you are moving in! Norcal Capital Group, Inc is in the business of mortgage loans; you're not — so we do the work. Makes sense, doesn't it??

Have questions about the loan process? Call Norcal Capital Group, Inc at (650) 689-5684. It's our job to answer lending questions, so we're happy to help!

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