New to applying for a home loan? The mortgage process is simpler than you think. In fact, you are just a few short steps away from buying a home in Arizona. Here is how Misty Garrison’s loan process works.
Start with a consultation.
You can begin the mortgage process today. Just call (480) 618-5358 to schedule your consultation with Misty.
Learn about your loan options.
During your consultation, Misty will review the different types of mortgages with you, and will listen as you describe your financial scenario and your plans for homeownership.
Over 21 years of experience gives Misty the expertise to make personalized recommendations for a wide range of situations.
She will go over this loan process with you in-depth during your consultation as well. If you have any questions about how the process works, this is your opportunity to ask them before getting started.
Submit your application.
Fill out your loan application and submit documents to verify your income and employment. If you do not have a W-2, ask about our bank statement loans.
Once your financial scenario has been reviewed and approved, I will issue the pre-approval out to the realtor… this shows sellers you’re a serious buyer.
Shop and make an offer.
Work with an agent to make offer sellers can’t refuse!
Beef up what you started in the pre-approval process to get your loan ready for underwriting. This can be updating out dated documents and putting the financial puzzle together.
Sit back while loan processors review all info in your loan file and gather documents about the house for the underwriter.
Underwriters are the key decision-makers in the whole process—the buck literally stops here. With everything reviewed, he or she will approve, reject, or come back and ask for additional documentation.
Once you’ve made it to closing, you’re in the home stretch. Your loan is fully approved, and loan documents can be ordered. Once loan docs are at title, you’ll come in to sign!
Once your loan docs make it back to the bank and all gets reviewed, the bank will fund your loan. Title will request that the county records your new purchase, and once the confirmation of recording comes in, the house is officially yours!
Mortgages by Misty is managed by Barrett Financial Group, LLC NMLS: 181106 (www.nmlsconsumeraccess.org) AZ MB-0945016, is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.