Step 1. Speak to an experienced reputable mortgage consultant about your options. Depending on your specific circumstances goals initial investment and monthly budget. Our experienced mortgage consultants can review different financing options to help you decide what is best for you.
Step 2. Complete a loan application and submit the required documentation. Platinum mortgage consultants will work with you to get the proper documentation for your home loan.
Step 3. Your loan application is turned over to our loan processors who will send out the supporting documentation that is necessary for the loan package to be completed. Your Platinum mortgage consultant will then give your application package a final review before submitting the loan to our underwriters.
Step 4. The loan goes to the underwriting department who reviews the documentation and issues a loan determination based on the guidelines for our particular loan program.
Step 5. After your loan is approved it’s sent to our closing department where your final loan documents are prepared for your escrow or closing. This is also where you will sign them and receive the keys to your new home.
The total time from start to finish can vary depending on loan types and circumstances. That’s why it’s key to partner with an experienced lender from the start. Platinum Home Mortgage offers more loan programs with faster closing times than any other lender in the country. At Platinum Home Mortgage our goal is to make the loan process as quick easy and stress-free as possible.
Paying Off Your Home Loan
Look, there’s a lot of bull dust that’s spoken about how to get out of your mortgage quickly. Understand, there are only two ways for you to pay down your mortgage quicker. The first one is to get the lowest interest rate that you can, and the second thing is you have to make extra repayments.
Now, I encourage people to do both, but just remember that whenever you’re sitting in front of a mortgage broker or a banker who is coming up with some amazing plan that can cut years off your mortgage: ‘we want a lower interest rate, the lowest we can get and we want to make extra repayments’. That is how you get the banker off your back.