Once you select Jim Prieto to obtain your home loan you'll be amazed at how quickly and simply the loan process moves. Before you know it, you'll have a mortgage that suits your lifestyle and saves you money.
Throughout the loan process Jim Prieto will provide you with regular updates about the progress of your loan. You can also e-mail us with questions or information. And of course, a mortgage expert from Jim Prieto is just a phone call away to answer questions if you want assistance.
Here's an overview of the Jim Prieto process.
Step One -- Determine how much you can borrow
Find out how much home you can afford before you begin looking. Once you've answered a few simple questions, Jim Prieto will calculate your buying power, based on standard lender guidelines.
Step Two -- Pre-Qualify and save money
To complete the pre-qualification step, you'll need to supply some brief information about employment, assets, etc. Jim Prieto will contact you for authorization to run your credit report. Once we've reviewed this information, Jim Prieto will issue your Pre-Qualification Letter which gives you the clout of an all-cash buyer. As you begin looking for a home, Jim Prieto will begin looking for the best loan to meet your specific needs. Your realtor will use your Pre-Qualification Letter to help negotiate the best deal for you.
Important Note: Do not allow anyone to run free credit reports for you. They will have to be run later and will lower your credit risk score! Your "credit risk score" is extremely important to your overall credit evaluation in the underwriting process for your mortgage loan.
Step Three -- Apply now - getting started is easy
When you've selected a property and have a contract with the seller, the next step is to complete your application, which can be done easily on-line through Jim Prieto.com. Shop Rates to learn more about available loans and current rates, or apply for a loan and see how easy it is to start your application.
At the appropriate time Jim Prieto will order a property appraisal for you.
Step Four -- Your Loan is Approved and Funded
Your real estate agent or the seller will designate an Escrow/Title Company to handle the funding of your loan along with many other matters to make your purchase go smoothly.
Jim Prieto will do all the coordinating with the escrow team and you'll sign the final papers at their office.
Simple, Straightforward, Cost Effective, and FAST!
