How the Mortgage Loan Process Works

There's quite a lot involved in oder to get a mortgage. You wouldn't be here on our website if it were possible to fill out a simple loan app and get a great loan funded the same day. But Harbor View Lending* a DBA of Megastar Financial does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

Getting a home loan involves four major milestones.

Step one: Decide on your maximum loan amount

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 is where the process really begins and Harbor View Lending* a DBA of Megastar Financial can really save you money. You will supply information about your employment, assets, and your residence history. You'll provide your employment, asset, and residence history information. We get your permission to pull your credit score and report. After we've reviewed this information, we'll provide you with a pre-qualificaiton letter. With this letter, your real estate agent will negotiate the best deal for your new home. While you're shopping for a new home with your REALTOR™, we find the best program for you.

Step three: apply now! We make it easy

Once you've made the offer and the sellers have accepted, you should apply for the loan. Applying for a loan couldn't be much easier; you can apply any time right here on our site. When the time is right, we will order the appraisal of your new home.

Step four: your loan is funded

Your REALTOR® and the seller's will work together to decide on a title company to take care of the funding of your loan. We'll work with this company to ensure all the papers your lender needs are avaiailable, and you will probably}likely sign all these papers at this company's officeWe do all the work to coordinate with this company on your date to close. Since you don't need to worry about these details, you get to think about moving, if you're going to repaint, carpet, and the fun parts of getting your new house.

You've answered some few questions, given us detailed information, applied online, and Before you know it, you'll be moving! Harbor View Lending* a DBA of Megastar Financial is in the business of loans; you're not — so take care of the details. Doesn't that make sense?

Have questions about the loan process? Call Harbor View Lending* a DBA of Megastar Financial at (207) 571-8034. We answer questions about the loan process every day.