Demystifying Home Loans
If you haven’t experienced it before, the home loan process can feel overwhelming, but I'll help you stay informed throughout the process, from pre-approval to closing. The first thing to do is consult with a mortgage specialist (or two). If you don’t already have someone in mind, I partner with some of the best lenders in the industry, and I’d be happy to introduce you, so you’ll be taken care of.
FINANCING WITH
Swanson Lending
TODD SWANSON
License ID: 01162260
Todd is a branch manager of C2 Financial Corporation and holds a DRE Broker’s license. Additionally, he has been a Certified Mortgage Planning Specialist since 2006. Todd has years of experience helping first-time home buyers with conventional and FHA loans. His specialty is Veterans Administration (VA) loans due to his 20+ years in the Marine Corps Reserve. He is also a licensed Real Estate Broker, helping those looking to purchase their dream in the San Diego area find exactly what they need. Todd is passionate about helping veterans and other first-time home buyers purchase their first home.
It is one of the biggest investments most people will make in their lifetime. His clients will have every step of the process explained in detail so that they may feel comfortable about the decision they will ultimately make. The home buying process is vastly simplified because Todd and his team can handle both the purchase and the financing. S3 Realty offers a free, no-obligation consultation for anyone considering a home purchase or refinance. Please feel free to email us with any questions or to set up your free, no-obligation consultation today.
Get Pre-Approval
Before you start looking for a home to buy, it’s a good idea to meet with your Loan Officer to get pre-approved for a loan amount. At this stage, the lender gathers information about the income, assets, and debts of the borrower (you) to determine how much house you may be able to afford. This includes a credit report, W-2 forms, pay stubs, Federal Tax Returns, and recent bank statements. There are a variety of different loan programs, so make sure to get pre-qualification for the specific programs that best suit your needs.
Application & Processing
WHAT HAPPENS WHEN A LOAN GOES 'LIVE'
When you find property you’re ready to buy, your lender will help you complete a full mortgage loan application and talk you through the various fees and down payment options. The application is submitted for processing, where the documents are reviewed, and appraisals and title examination are ordered. Then the loan is sent to an underwriter, who reviews and approves the entire loan if it meets compliance.
