With Benchmark, you’re never alone. We know that getting a mortgage can be scary, but it doesn’t have to be that way. Our family is here to walk you through the process of getting you home. In next part, we will give a deeper view into the heart of our approach to long term care of our clients.
From applying for a mortgage through closing on your new home, Benchmark has your back. Welcome to,
The Benchmark Way.
The Process
Contact Your Lender
Before you get started with a mortgage, you’ll want to find your loan officergive me a call or contact me. Your Benchmark lender is a licensed mortgage professional who understands exactly what it takes to match you with the perfect loan for you. It’s important to note, no loan will ever be the same.
Get Pre-Approved
Getting pre-approved is the first major step towards purchasing your new home. To get pre-approved, we verify your information and documents to determine how much you are able to borrow towards your new home. This will strengthen any offer you decide to make on a home.
Get a Real Estate Agent
Having a good real estate agent can greatly enhance your home-buying experience. They can help match you to the home you may not have even known you wanted, and are your best advocate in negotiating your offer. Through our relationships, your Benchmark lender may be able to make a great referral for you.
For some tips on choosing one one your own, we have a great article for you: Find A Great Real Estate Agent The Easy Way.
Find Your New Home
Knowing your price range and desired location(s) will help your real estate agent with your search. Once you have your home in sight, move FAST. Contact your agent, and let your Benchmark lender know about your find!
Sign The Contract
Whether the Contract is completed by your realtor or by yourself, its completion will get you one step closer to your new home. As soon as the offer is accepted and the contract is signed by all parties, you should contact me with your new home’s address. Then I can get started on the Loan Estimate.
Your Loan Estimate
Your Benchmark lender will send you a loan estimate. The loan estimate will give you a general overview of your loan and estimated costs.
The Benchmark Magic
This is where The Benchmark Way of lending wins the race. Our team of underwriters and processors will be working hard to make sure we have what we need from you to close your loan on time. So, sit back and relax… We are ordering your appraisal, getting documents from Title, and everything in between to complete your loan.
Final Approval
This is our favorite part of theprocess! Our underwriters have looked over all of the documents and have given their seal of approval. At this point, you’re almost home!
Closing Time!
The closing date will be set*, and the documents** will be ready to be signed. Get your pen ready, because we will need for you to sign on lots of lines! After everything is signed, the keys are yours. Welcome Home!
*Clear to Close: This simply means that all conditions of your loan have been met, and the loan underwriter has given the blessing to release instructions to your title company for the closing. If you are buying a home this is your goal.
**Closing Disclosure: All lenders are required to provide your Closing Disclosure three business days before your scheduled closing. Use these days wisely! Double-check that all of the details are correct. If something looks different from what you expected, ask me why, and let’s get it sorted ASAP. NOW is the time to resolve problems. If the explanation you get isn’t enough, just keep asking questions.
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