About the Loan Process

No doubt, quite a lot to do in oder to get a mortgage loan. You wouldn't be visiting our website if it were possible to complete a simple application and receive a great loan check cut the same day. But American Mortgage Advisers, Inc does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

There are four important steps involved in obtaining a loan.

Step one: Decide on your maximum loan amount

This is a function of a couple things. How much of a monthly payment can you afford? 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. We'll also help you through different scenarios by asking a few simple questions. 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 American Mortgage Advisers, Inc will begin to save you money. You will provide information on your employment, assets, and your residence history. You'll supply your employment, asset, and residence history information. We pull your credit score and report. After we've reviewed this information, we'll give you a pre-qualificaiton letter. Handle it with care — it is a useful tool when you make your offer! With this letter, your REALTOR® will negotiate the best deal for your new home. While you're deciding on the home that's right for you, we're busy researching the loan that's right for you.

Step three: apply now! We make it easy

Once you have made the offer and the sellers accept it, you should apply for the loan. It couldn't be easier, and you can apply online, right here on our website. At the end of this step, we'll order the appraisal of your new home.

Step four: funding

Your REALTOR® and the seller's will coordinate to decide on an escrow/title company to take care of the funding of your loan once it's approved. We'll coordinate with this company to make sure the papers your lender needs are avaiailable, and you'll probably}likely sign all these papers at this company's officeWe do all the work to coordinate with the title company on your date of closing. Since you don't need to coordinate this process, you can concentrate on moving logistics, paint colors, new carpet, and all the details of moving into a new home.

You've answered a few questions, provided lots of information, applied online, and the next thing you know, you are moving in! We take care of all the loan details so you can focus on finding your new home.

Have questions about the loan process? Call American Mortgage Advisers, Inc at 214-865-7442. American Mortgage Advisers, Inc answers loan process questions every day.

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