Loan Process

The Loan Process

An overview of the loan process

Make no mistake, there's a lot involved in getting a mortgage loan. You wouldn't be here on our website if you could fill out a one-page application and get the best loan for you funded the same day. What we do is most of the heavy lifting for you, so you can concentrate on what's important -- preparing to move into your new home, saving money, or making plans for your home equity line of credit.

 

 

3 Simple Steps For Getting a Loan

There are three main steps involved in getting a loan. You'll see that we've made your part in them as easy as possible, and we do all the work! That's what we're here for.

The Down Payment

The amount you have available for a down payment will affect what types of loans for which you can qualify.

Understanding Your Credit Score

Before deciding on loan terms, lenders need to know two things about you: your ability to pay back the loan, and your willingness to pay back the loan.

Your Closing Costs

Closing costs are fees paid at the closing of a real estate transaction when the title to the property is conveyed to the buyer. Closing costs are incurred by either the buyer or the seller. 

American Mortgage Resource Inc.

2 Winter St Suite #202, Waltham - MA - 02451
Phone: 1-617-972-8588
MA LIC # MB22431 NMLS ID Originator 22718
Member of the Cambridge Chamber of Commerce
Member of Massachusetts Mortgage Bankers Association
Member of Massachusetts Mortgage Association
NAMB

FHA & VA Approved | Residential and Commercial Lending | Reverse Mortgages Available | Boston and Massachusetts

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