About the Mortgage Loan Process

There's no question ; getting a mortgage loan is a complex process. You wouldn't be visiting our site if you could complete a simple loan app and receive a great loan funded the same day. We do the heavy lifting for you, so you can concentrate on what's important — preparing to move into your new home or saving money.

There are four important steps involved in getting a loan.

Step one: Decide on your maximum loan amount

A couple of factors determine this amount. How much of a monthly payment can you afford? 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. And we can guide you to the right loan amount and best program for you when you answer a few quewstions. Based on standard lender guidelines, we'll get you a good idea of what kind of terms and loan program you can expect to benefit most from.

Step two: pre-qualify for your loan

This step is where Harbor View Lending* a DBA of Megastar Financial will start saving you money. You will provide information on your employment, your assets, and your residence history. You'll supply information on your employment, asset, and residence history. We pull your credit score and report. When we review this information we will provide a pre-qualification letter. Your agent will use your pre-qual (as they may call it) in order to make the best offer on the home you choose. The pre-qual letter gives you buying clout! While you're looking for a new home with your REALTOR™, we find the best program for you.

Step three: apply now! We make it easy

Once you have made an offer and it's been accepted, you should apply for the loan. It's very easy, and you can apply online, right here on our site. After the seller has accepted your offer and you have submitted your loan application, we'll order a professional appraisal on the home.

Step four: funding

The agents will find an escrow/title company to handle the "funding" of the loan and closing. We'll work with this company to ensure all the papers your lender will need are avaiailable, and you'll probably}likely sign all these papers at their officeWe work with with the title company to set your closing date. Since you will not need to coordinate this process, you can concentrate on moving, paint colors, new carpet, and all the details of moving into a new home.

You've answered a few questions, given us detailed information, applied , and Before you know it, you're moving in! We do the legwork so you can spend your time finding your new home.

Have questions about the loan process? Call Harbor View Lending* a DBA of Megastar Financial at (207) 571-8034. It's our job to answer lending questions, so we're happy to help!