Mortgage Process

The mortgage process is complex, but it can be broken down into the following steps: pre-approval, inspection, appraisal, and closing. Before searching for a home, it is advisable to get pre-approved for a mortgage so you know exactly what you can afford.

Pre-Approval

Home Search

Application

Closing

An initial step that involves lenders checking the borrower’s creditworthiness to determine how much they’d be willing to lend. Securing pre-approval can give potential homeowners a clearer understanding of their budget and make them more attractive to sellers.

A process where potential homeowners search for properties that suit their needs and fall within their budget. During this stage, they may consider factors such as location, size, amenities, and the potential for future appreciation.

Once you have found a home and made an offer that has been accepted, you’ll need to complete a full mortgage application and provide additional documentation. The lender will then review the information and make a decision about whether to approve the loan.

Closing

The final step is the closing, where you sign the mortgage documents and pay closing costs, such as origination fees, appraisal fees, title insurance, and other fees. After closing, the lender will provide the funds and you’ll officially become a homeowner.

Rates are always changing, is now the best time for you?

We’ll help you understand your options so you can feel confident in your decision. Mortgage Daily is a trusted resource, used by millions of Americans daily, to help navigate the complicated world of mortgages refinances, and the home buying and selling process. Where would you like to start?

Refinance Your Home. When Is The Best Time?

Thinking about refinancing your home? Or something you have not yet thought about? It may be something to think about. See if the time is right.

Purchase a Home. Take it 1 step at a time.

Whether you’re a first time home buyer or an experienced home buying veteran, Mortgage Daily has resources for you. Let’s get started.

Selling Your Home. It’s Not Rocket Science, Let’s Break It Down

Let’s break it down and take it one step at a time. Learn how to maximize your profits and the new trend son what buyers are looking for.

Looking For Something Else?

What do you want to know? We are always adding new free & exciting resources for you to use!

Stay Up To Date with Today’s Latest Rates

ï„‘

Mortgage

Today’s rates starting at

4.63%

5/1 ARM
$200,000 LOAN

ï„‘

Home Refinance

Today’s rates starting at

4.75%

30 YEAR FIXED
$200,000 LOAN

ï„‘

Home Equity

Today’s rates starting at

3.99%

3 YEAR
$200,000 LOAN

ï„‘

HELOC

Today’s rates starting at

2.24%

30 YEAR FIXED
$200,000 LOAN