About the Mortgage Loan Process

There's little doubt ; getting a mortgage loan is a complicated process. 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 home loan involves four major milestones.

Step one: Decide how much you can afford

A couple of factors determine this amount. What kind of monthly payment are you looking for? And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you? You can get a good idea of your preferred payment abount using the calculators on our website. 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: complete a pre-qualification

This step is where Omni Mortgage Corp. can start to save you money. You will give us information on your current job, assets, and your residence history. You'll provide information on your employment, asset, and residence history. We pull your credit score and report. After we've reviewed your information, we'll provide a pre-qualificaiton letter. With this letter, your REALTOR® will negotiate the best deal for your new home. The pre-qual letter gives you buying clout! While you're shopping for your new home, we're busy finding the loan that's right for you.

Step three: apply for your loan

Once you have signed the offer and the sellers accept it, you should apply for the loan. It couldn't be easier, and you can do it online, right here on our site. After the offer has been accepted and you have applied for your loan, we'll order a professional appraisal on the home.

Step four: your loan is funded

The real estate agents will find a title company to handle the "funding" of the loan and closing of the sale. We'll coordinate with this company to ensure the papers your lender needs are avaiailable, and you'll probably}likely sign everything at their officeWe coordinate with the title company to set your date to close. Since you will not need to worry about these details, you get to think about the move, paint colors, new carpet, and all the details of getting your new house.

You've answered a few questions, given us detailed information, applied , and Before you know it, you'll be moving! Omni Mortgage Corp. is a mortgage specialist; you're not — so we do the work. Doesn't that sound nice?

Have questions about the loan process? Call Omni Mortgage Corp. at 7184417000. It's our job to answer lending questions, so we're happy to help!

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Omni Mortgage Corp.

118-18 101st Avenue
Richmond Hill, NY 11419