The Loan Mortgage Process: Four Steps

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There can be little question that getting a mortgage is a complex process. You wouldn't be researching mortgage loans if it were possible to get a mortgage loan in one day by filling out a simple application. We do the heavy lifting for you, so you can concentrate on what's important — preparing to move into your new home.

There are four important steps involved in obtaining a mortgage loan.

Step one: determine how much you can borrow

This is a function of a couple things. What kind of monthly payment are you looking for? 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 amount using the calculators on our website. And we can guide you to the right loan amount and best program for you when you answer a few 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 is where Macon Mortgage can start to save you money. You will give us information about your current job, your assets, and residence history. You'll provide your income, employment and asset information. We will get your credit report and score (only after you give your permission, of course). After we've finished reviewing this information, we'll provide you with a pre-qualification letter. Handle it with care — it can be a useful tool for buying your new home! Your agent should use your pre-qual (as they may call it) to make the best offer on the home you choose. While you're shopping for the home that's right for you, we're busy finding the loan program that's just right for your situation.

Step three: apply for your loan

Once you've made an offer and it's been accepted, you should apply for the loan. Applying for your loan couldn't get much easier, as you can apply any time right here on our site.  After your offer has been accepted and you have applied for your loan, we'll request a professional appraisal on the home at the correct time during this process.

Step four: Closing

You and your REALTOR® will have already selected the closing attorney to handle the funding of your loan. We'll work with this company to ensure the closing documents your lender will require are in order, and you will probably sign everything at their office.  Your date of closing was also established in the sales contract so the closing attorney's office only needs to coordinate the time of closing.  A typical closing lasts about 45 minutes and when this is done, you get to concentrate on moving in your new home.

In summary, after you have answered a few questions, provided lots of personal financial information, you'll be moving in before you know it!  We take care of the mortgage legwork so you can spend your time finding and making other arrangements for your new home.

Have questions about the loan process? Call Macon Mortgage at 478-474-4600. It's our job to answer all of your mortgage lending questions, so we're happy to help!

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