Reliable Realtors in Mount Pocono, PA
Demystifying Home Loans
If you haven’t experienced it before, the home loan process can feel overwhelming, but our experienced realtors in Stroudsburg, PA will 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, we partner with some of the best lenders in the industry, and we’d be happy to introduce you so you’ll be taken care of.
Get Pre-Approval
Before you start looking for a home to buy and working with realtors in Mount Pocono, PA, 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-qualified for the specific programs that best suit your needs.
Our Realtors in Stroudsburg, PA Help You Get The Best Loan
Start The Process
Our qualified realtors in Mount Pocono, PA will help you find the best local loan officer to get you competitive rates and the programs that best fit your individual needs. Fill out this form, and one of our realtors in Stroudsburg, PA will connect you with a lender today!
Application & Processing
What happens when a loan goes "live"
When you find a property you’re ready to buy with the help of our realtors in Stroudsburg, PA, 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 to processing, where the documents are reviewed, and appraisals and title examinations are ordered. Then, the loan is sent to an underwriter, who reviews and approves the entire loan if it meets compliance. Reach out to our team of realtors in Mount Pocono, PA at E-Realty Services for more information.
Closing
Signing and Finalizing the deal
Don’t be surprised if you’re asked for additional documentation or clarification throughout the process. Once your loan is approved, don’t forget to set up homeowners insurance. Your documents will be sent to the title company, where you’ll sign for the new home and pay any remaining costs. Then, the loan is recorded and you get the keys. Congratulations, happy homeowner! If you have any additional questions or concerns about this process, don't hesitate to speak to one of our realtors in Stroudsburg, PA.
