Evaluation and Application – Our process begins with an expert assessment of your current situation. Once we have collected some basic information, we complete an application and begin collecting documents.
Loan Analysis/Pre-Approval – When we’ve completed and confirmed the information on your application, your Financial Specialist will contact you and discuss the best loan alternatives for your situation.
Loan Documents/Rate Lock – Once you decide on the loan program that best fits your needs, we will send you a loan application and a disclosure packet for you to review and sign. During this time, we will also begin to collect the required loan documentation for your property, income, assets, etc. As we are working with you to collect information, we are also locking in your rate.
Property Appraisal/Loan Processing – We will contact an appraiser to come out and inspect your home. Next, we will move your loan to our in-house processing and underwriting team. They will review and verify your application and information for approval.
Final Approval – Your loan documents are now finalized with the note, deed of trust and supporting disclosures. We will schedule your loan closing and you can either sign your documents at our office or in the comfort of your home with a mobile notary.
Closing – Once your loan has closed, you can move into your new home or, if you are refinancing, any money you’ll receive will be provided by check or directly wired to your bank account.
Paramount Equity Mortgage – We make saving money simple!
