- (813) 513-2926
- office@sonlifehm.com
- 7223 N Manhattan Ave, Tampa, FL 33614
- NMLS # 1212809
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Submit your application. Now that you’ve found the home you want to buy and a lender to work with, the mortgage process begins. At this stage, your lender will have you fill out a full application and ask you to provide documentation that proofs your income, debts, and assets.
Being pre-qualified means that a lender has decided you will likely be approved for a loan up to a certain amount based on your current financial situation. To get pre-qualified, you simply tell a lender your level of income, assets, and debt.
After been prequalified is time to shop for a home.
Your agent will guide you having in mind the details of your prequalification. When you find the house that fits your needs and prequalification, your agent will create an offer to be revied by the sellers and listing agent. Your agent will guide you for the deposit of the escrow within 3 days of your offer been accepted.
Once your offer has been approved, you will need to order inspection within 7 days from the day your offer was accepted.
If you’re buying an existing home as opposed to a newly constructed home, which might come with a builder’s warranty. If the home needs big repairs you can’t see, an inspection helps you negotiate with the current homeowner to have the issues fixed before closing or adjust the price accordingly, so you have extra funds to address the repairs once you own the home.
Communication is the key, Try your best to be responsive to your mortgage loan processor. If you applied and qualify for a mortgage, you’ll receive conditional approval. At this stage, your lender may require additional documentation. Make sure to respond promptly to keep your application moving forward.
Your lender will require proof of insurance before the loan can receive final approval.
While your loan is in process, avoid opening new credit cards or making other major financial changes. New loans or other changes that affect your debt-to-income ratio could get in the way of your mortgage approval.
If you haven’t already locked in your interest rate with your lender, you’ll want to do so. Your rate must be locked in no later than 10 days prior to your closing date.
Once your loan is approved and your inspection, appraisal and title search are complete, your lender will set a closing date and let you know exactly how much money you’ll need to bring to your closing.
You’ll need to get a cashier’s check or arrange to wire money to cover your down payment and closing costs. Estimate your closing costs Close on your home.
At the closing, be sure to read all the documents you receive and ask any questions you may have about the terms of the agreement. Then, after you’ve signed everything. At the title company you will receive the key to your new home. Now is time to celebrate!
Excellent team!!!….more than professional it feels like a family….thank God for being in the hands of Sonlife for my purchase.
Sonlife company where you find the realization of your dreams, professionalism, love and dedication to each situation.
Excellent treatment, a fantastic team, Honest, and everyone helps to the maximum! Thank you and God bless you all!!!
Excellent group, as a client on two occasions, I have received the best of services, special treatment, I can safely tell you that you will feel like family, with a lot of peace and confidence.