Getting your mortgage loan is a simple four step process.
In just 10 minutes you complete the loan application either in person, over the phone, or via our secure web site at www.AccessCap.com. We discuss in detail your goals and needs to determine the right loan program for you. We automatically underwrite your file and provide you with a pre-approval for your loan. As soon as your purchase contract is ratified, we begin processing the loan. We already have the pre-approval so now you just sign the application and disclosures (which include a Good Faith Estimate, detailing the costs of the transaction, and statements that explain the mortgage process in plain English); and, if applicable, gather some supporting documents (e.g. W-2s, paystubs, and bank statements). We overnight the loan package to you. You sign and date the papers, gather your supporting docs, and then drop the pre-paid overnight envelope in a FedEx box. We take care of the rest.
Access Capital Mortgage processors prepare your application for presentation to the underwriters, help you apply for home owners insurance, and order necessary supporting documentation such as the appraisal and title work.
Once your application is complete, Access Capital Mortgage underwriters receive your file. We analyze four major factors when underwriting your application, including: (1) employment record and income, (2) assets, (3) credit record, and (4) the value of the home. Since we already have a pre-approval, underwriting is a fast process. Occasionally at this point, the Underwriter may need additional information or documentation from you in order to clear your loan for funding. Finally, the documents are prepared by Access Capital Mortgage and sent to the settlement company for closing.
If you are purchasing a new home, the closing is the event at which you become owner of your home. If you are refinancing an existing mortgage, the closing is the event at which you payoff your existing mortgage, receive your new loan, and promise to pay the new loan back. Generally, the closing is a formal meeting that takes place at a settlement company. You are required to bring photo ID and a certified check for any funds required at closing. Closing takes less than one hour, during which time the settlement attorney explains the mortgage documents to you, and you sign all of the documents.
To get a price quote and begin the simple 4 step process, please contact us at (866) 539-2506, dial zero for an operator and then ask for an Access Capital Mortgage loan consultant. We look forward to serving you!