About the Mortgage Loan Process

Make no mistake, there's quite a lot to do in oder to get a mortgage. You would not be looking up loan information if you could get a loan in one day by filling out a simple application. We do most of the heavy lifting for you, so you can concentrate on what's important — preparing to move into your new home or saving money.

Getting a loan involves four major steps.

Step one: Decide how much you can afford

This is a function of a couple things. What kind of monthly payment are you looking for? What is the maximum you can borrow from a lender, given your income and credit history? Use the calculators on our website to determine your monthly payment amount. And we can guide you to the right loan amount and best program for you when you answer a few quewstions. 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: pre-qualify for your loan

This is where Triumph Mortgage Inc will start saving you money. You will supply information on your employment, your assets, and residence history. You'll provide your employment, asset, and residence history information. We get your permission to run your credit score and report. We will go over all this info then give you a pre-qualification letter. Handle it with care — it can be a useful tool for buying your new home! With this letter, your REALTOR® will negotiate the best deal for your new home. While you're picking out the home that's right for you, we are looking for the loan that best fits your needs.

Step three: apply now! We make it easy

After you've signed the offer and the sellers have accepted, you should apply for the loan. Applying for your loan couldn't be much easier; you can apply from the comfort of your home right here on our site. After the seller has accepted your offer and you have applied for your loan, we will order the professional appraisal on the home.

Step four: your loan is funded

Your real estate agent and the seller's will coordinate to decide on an escrow/title company to handle the funding of your loan. We'll coordinate with this company to make sure the papers your lender needs are avaiailable, and you'll probably}likely sign everything at their officeWe do all the work to work with with this company on your date of closing. Since you don't have to worry about these details, you can concentrate on the move, paint colors, new carpet, and the fun parts of getting a new home.

You've answered a few questions, provided detailed information, applied , and before you know it, you're deciding when to move in! Triumph Mortgage Inc is in the business of loans; you're not — so we take care of the details. Doesn't that make sense?

Have questions about the loan process? Call Triumph Mortgage Inc at 8327302000. We answer questions about the loan process every day.