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The Home Loan Process
Demystifying Home Loans
If you haven’t experienced it before, the home loan process can feel overwhelming, but our agents will help you stay informed throughout the process, from pre-approval to closing. The first thing to do is consult with a mortgage specialist. If you don’t already have someone in mind, we partner with the best lenders in the industry, and we’d be happy to introduce you, so you’ll be taken care of.
Get Pre-Approval
Before you start looking for a home to buy, it’s a good idea to meet with your Loan Officer to get pre-approved for a loan amount. At this stage, the lender gathers information about income, assets and debts of the borrower (you) to determine how much house you may be able to afford. This includes a credit report, W-2 forms, pay stubs, Federal Tax Returns and recent bank statements. There are a variety of different loan programs, so make sure to get pre-qualification for the specific programs that best suit your needs.
We Help You Get The Best Loan
Start The Process
We’ll help you find the best local loan officer to get you competitive rates and the programs that best fit your individual needs. Rick Veldman with Benchmark Mortgage has been serving his clients in the mortgage and real estate industry for over 25 years. Born and raised in West Michigan, Rick has been ranked nationally as one of the top Loan Officers in the Country. The Benchmark Mortgage team is ready to assist you with the purchase of a new home or refinancing your existing home loan. Fill out this form and we’ll connect you with Rick Veldman today! Rick Veldman, NMLS# 525375 Direct Office: (616) 965-2505 Email: rveldman@benchmark.us
Application & Processing
What happens when a loan goes "live"
When you find property you’re ready to buy, your lender will help you complete a full mortgage loan application, and talk you through the various fees and down payment options. The application is submitted to processing, where the documents are reviewed and appraisals and title examination are ordered. Then the loan is sent to an underwriter, who reviews and approves the entire loan if it meets compliance.
