About the Loan Process

There's no question ; getting a mortgage is a complex process. You wouldn't be here on our site if it were possible to fill out a one-page loan app and receive a great loan check cut the same day. But Alternative Mortgage Group does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

Getting a home loan involves four major milestones.

Step one: Decide how much you can afford

A couple of factors determine this amount. How much of a monthly payment can you afford? And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you? You can get a good idea of your preferred payment abount using the calculators on our website. We'll also help you through different scenarios by asking a few simple questions. 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: complete a pre-qualification

This step is where Alternative Mortgage Group will start saving you money. You will provide info on your current job, assets, and your residence history. You'll supply information on your employment, asset, and residence history. We run your credit score and report. After we've finished reviewing your information, we'll give you a pre-qualificaiton letter. With this letter, your REALTOR® will negotiate the best deal for your new home. While you're looking for your new house with your REALTOR™, we find the best program for you.

Step three: apply now! We make it easy

After you've signed the offer and the sellers have accepted, you should apply for the loan. It's very easy, and you can do it online, right here on our website. At the end of this step, we will order an appraisal of your new home.

Step four: your loan is funded

The agents will find a title company to handle the "funding" and closing. We'll work with this company to make sure all the papers your lender needs are avaiailable, and you'll probably}likely sign everything at this company's officeWe work with with the title company to set your date of closing. Because you will not have to coordinate this process, you can think about moving, paint colors, new carpet, and all the details of getting a new home.

You've answered a few questions, provided lots of information, applied online, and the next thing you know, you are deciding when to move in! We do the legwork so you can spend your time finding your new home.

Have questions about the loan process? Call Alternative Mortgage Group at 561-395-4264. Alternative Mortgage Group answers loan process questions every day.