The Home Loan Process
Demystifying Home Loans
If you haven’t experienced it before, the home loan process can feel overwhelming, but our agents will help you stay informed throughout the process, from pre-approval to closing. The first thing to do is consult with a mortgage specialist (or two). If you don’t already have someone in mind, we partner with some of the best lenders in the industry, and we’d be happy to introduce you, so you’ll be taken care of.
Get Pre-Approval
Before you start looking for a home to buy, it’s a good idea to meet with your Loan Officer to get pre-approved for a loan amount. At this stage, the lender gathers information about income, assets and debts of the borrower (you) to determine how much house you may be able to afford. This includes a credit report, W-2 forms, pay stubs, Federal Tax Returns and recent bank statements. There are a variety of different loan programs, so make sure to get pre-qualification for the specific programs that best suit your needs.
finance with
EZ Fundings
Tano Kapedani
Mortgage Executive/Broker
NMLS ID # 317385
- (909)-317-9363
- tano@ezfundings.com
Tano Kapedani is the broker of EZ Fundings Home Loans. Over the past two decades, he has personally helped over 3,000 families with their mortgage needs. Tano is known as an industry-leading professional who goes the extra ten miles for his clients and business partners. Not only is he is a problem solver who takes pride in what he does, he also has excellent communication skills and speaks five languages.
EZ Fundings Home Loans is committed to offering superior service, up-to-date technology, and a wide variety of products to their clients. Tano also works closely with his in-house marketing team to offer true value to his REALTOR® partners and to give them the resources to help streamline their business. Tano has a Bachelor’s degree in Political Science with a minor in Economics.
Application & Processing
What happens when a loan goes "live"
When you find property you’re ready to buy, your lender will help you complete a full mortgage loan application, and talk you through the various fees and down payment options. The application is submitted to processing, where the documents are reviewed and appraisals and title examination are ordered. Then the loan is sent to an underwriter, who reviews and approves the entire loan if it meets compliance.
Closing
Signing and Finalizing the deal
Don’t be surprised if you’re asked for additional documentation or clarification throughout the process. Once your loan is approved, don’t forget to set up homeowners insurance. Your documents will be sent to the title company, where you’ll sign for the new home and pay any remaining costs. Then the loan is recorded and you get the keys. Congratulations, happy homeowner!
