Advantage Home Mortgage, Inc.
"Your Lender 4 Life"
The Loan Process
Obtaining a mortgage can seem overwhelming. It is my mission to ensure that you are confident about the entire process. Basically, there are 5 simple steps for the borrower to complete in the loan process:
- Determine Type of Financing
I will work with you to determine the type of financing that is best for your situation (e.g.: 15 or 30 year fixed, 100% financing, ARM, etc.). - Gather Documentation
Based on our initial conversation, I will provide you with a list of documents that you should bring to your loan application or forward to me. - Make Application
This is the process of completing a uniform residential loan application and providing you with documentation including an estimate of settlement expenses. I will complete the paperwork for you and answer any questions you may have. - Prepare for Closing
You will need to contact a settlement attorney and a home-owners hazard insurance agent. I will be glad to recommend a settlement attorney or an insurance agent, if you need one. I will then coordinate directly with your agents to have the necessary documentation prepared. - Close
I provide you with information regarding the amount of funds, if any, you will need to bring by a certified check to settlement. If you have questions during settlement, I will make myself available to answer them.
I will make sure that you are comfortable with EVERY step of this process.
Contact Kathleen
If I can help you with your financing and refinancing needs, please call:
- 301.996.5628 (C)
Or drop me a note here.
Calculators
Explore Your Options
Use these free calculators to help you take the guesswork out of your upcoming financial decisions and save you time and money in the process. With these calculators you can get an idea of everything you need to know from the price of the home that you can afford and the type of loan that you should get to whether you should rent or buy or if a refinance makes sense for you at this time.
Payment Calculator
This lets you know how much your payments will be each month.
Down Payment Amount Calculator
Calculate exactly how much money you need for a down payment on a number of options.
Loan Comparison Calculator
Compare multiple loans quickly and see the impact on interest rates and points on monthly payments and total amount paid.
Annual Percentage Rate (APR) Calculator
Find out how much your mortgage will be with both principal and interest.
Refinancing Calculator
Determine if you will benefit by refinancing.
Loan Spread Calculator
Find out everything about your loan with this calculator.
Rent vs. Buy Calculator
Compare the costs of renting a residence versus buying a home.