Selecting a Salt Lake City Mortgage BrokerĬhoosing a mortgage company in Utah can be almost as daunting as the application and approval process seems. When you choose a mortgage broker who specializes in this level of service, you will never have to wait for days, in silence, wondering what’s happening with your loan application. You need answers to your questions and a clear understanding of the process. The key to expediting the loan approval process is proactive communication between the borrower and an experienced mortgage broker. And that’s why, at Altius, we obtain loan approval and close many Salt Lake City mortgages in as little as 30 days. In a robust real estate market, the ability to close quickly can provide an advantage when you’re shopping for your dream home. Utah home loans can take weeks or months to close but, when you work with a team of experts, they don’t have to. Whether you prefer to obtain a pre-approval or if you would like to skip this step and proceed directly to a full loan application, the process is easy when you have an experienced advocate to assist you with your mortgage. Our online application process is simple and straightforward, allowing you to obtain a pre-qualification in as little as 10 minutes from the time you start.Our online application allows you to provide your information on your own schedule, from the comfort and privacy of your own home – or anywhere you have access to a computer. For that reason, we streamlined our processes with the goal of making the application process as simple as possible. Later in the loan approval process, borrowers had to provide even more documents and information before obtaining final loan approval.Īltius Mortgage recognized that this arduous process presented a challenge for many home buyers, even discouraging some from further pursuing their goal of owning their own home. Potential borrowers were presented with a laundry list of forms and information their lender required to issue a pre-approval. In the past, Utah mortgage companies required potential borrowers to assemble and submit reams of documents, including months or years of bank statements, old tax returns, W-2s, pay stubs and wage statements. Simplifying the Application Process for Mortgages in Utahĭespite what you may have heard or experienced, applying for a Salt Lake City mortgage does not have to be overwhelming or time-consuming. You may also have the opportunity to choose the term of your loan (for example, 15, 20 or 30 years), the interest rate structure, the amount of your down payment and the terms under which you can repay your loan. For a home purchase, you can choose from conventional loans and government-backed loans, such as FHA, USDA and VA programs. Your options include purchase and refinance loans, construction and home improvement loans, second and reverse mortgages. The home loan program you select can influence your ability to make your payments consistently and it can even affect how quickly you build equity in the property.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |