What is the Process for Obtaining a Home Loan in Plantation?

Searching for financing is something that almost everyone needs when they are purchasing a home. However, there are certain guidelines and prerequisites that lenders must check before they give money away to anyone. You can’t really blame them. After all, they don’t know you and in order to find out if you are trustworthy enough to pay the loan back in a timely manner each month, they’re going to have to gather some financial stats to learn about you. Once you have done your homework and found the loan, you will probably want to be pre-qualified. In fact, most lenders or homeowners for that matter won’t even entertain your offer unless you are pre-qualified. This is a simple check on your income and credit score. Once you pass this first round, you can begin the often-tedious process of applying for the actual loan. There are many steps to the application process involved with getting a home loan. If you are interested in learning more about the steps in applying for home loans in Plantation, your best bet is to contact an experienced mortgage company like Ace Mortgage Corp. to help guide you through the process. Expect to fill out detailed information like personal data, income, assets, credit card debt, persona loans, car loans and current rental or property information.  

Count on Us to be with You Every Step of the Way! 

After completing the application, the knowledgeable brokers at Ace Mortgage Corp. will be there every step of the way and will even submit your application for you. Expecting your information meets the loan criteria, your mortgage broker at Ace Mortgage will relay your interest rate and how much the lender will offer you to finance your home. You’ll then need to collect a bunch of documentation and make copies so that it can be submitted and then approved by the lender. Your home should then be appraised and inspected to have an accurate market value assigned for tax purposes.  

What is the Pre-Closing Phase? 

During pre-closing, your mortgage broker will work with you to confirm any real estate documents and secure the required title insurance documents to protect you from the possibility of any other parties creeping out of the woodwork to stake a claim to your home. In our experience, this does happen, so it’s better to protect yourself. After taking the time to fortify your ownership, there will be a closing date set where your documents will be signed and you can complete the process of purchasing your dream home! Your loan servicing begins right after all the paperwork is signed and continues until the home is paid off, or you decide to sell the house. 

Our exceptional team at Ace Mortgage Loan Corp. will help ensure you find the best home loan customized to your unique situation. Our experienced lenders know that mortgages can be complicated and that’s why we’re always here to help. We’ll explain the nuances between different mortgages and why one may be better than the other. If you are busy with other aspects of your life, hiring a broker to help you through this process is highly recommended. At Ace Mortgage, we can assist you through every step in finding and completing a home loan application in Plantation. So, give us a call at (954) 777-4774 to get started on the exciting road to home ownership!  

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