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Buying a
Home In Maryland |
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Learn
How Fidelity Mortgage helped other Marylanders
get mortgages Click
here
Lisa
and Kevin - Fidelity Worked Out
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Once you select Fidelity Mortgage to obtain your home loan,
you'll be amazed at how quickly and simply the loan process
moves. Before you know it, you'll have a mortgage that suits
your lifestyle and saves you money.
Throughout the loan-application process, we provide you with
regular updates. You can also e-mail us with questions or new
information. And if you want assistance, a mortgage expert
who can answer questions is just a phone call away.
Here's an overview of the loan-application process.
Note: The below process assumes the borrower(s) will be approved
for the loan.
STEP ONE -- Determine
how much you can borrow
Contact Fidelity Mortgage to find out how much home you can
buy, even before you begin looking. Once you've answered a
few simple questions, we'll calculate your buying power, based
on standard lender guidelines. You'll need to supply some brief
information about employment, assets, etc. Once we've reviewed
this information, we'll issue your Pre-Qualification Letter,
which gives you the clout of an "all-cash" buyer.
As you begin looking for a home, we'll begin looking for the
best loan to meet your specific needs. Your Real Estate Agent
will use your Pre-Qualification Letter to negotiate the best
deal for you.
Important Note: Do not allow anyone to obtain free credit reports
for you. These reports will have to be obtained later anyway.
This score is extremely important to your overall credit evaluation
in the underwriting process for your mortgage loan.
To learn more about Credit Risk Scores, Click Here FICO
STEP TWO -- Apply Now! Getting started is
easy.
When you've selected a property and have a contract with the
Seller, the next step is to complete your loan application,
which can be done easily through our web site or by speaking
with your Fidelity Mortgage Loan Officer. Click on Apply for
a Loan to start your application.
At the appropriate time we'll order a property appraisal for
you.
STEP THREE -- Your Loan is Approved
and Funded
Your Fidelity Mortgage Loan Officer can recommend a Title/Settlement
Company to you, or you may use a company of your choice. Your
Loan Officer will also assist you along the way with many other
factors which make your purchase go smoothly.
We will coordinate with the settlement team and you'll sign
the final papers at their office, your home or at Fidelity
Mortgage's offices.
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