How to Get a Mortgage - A Step-by-Step Guide for Home Loans

Step 1: Shop for a mortgage. https://JGraff.AdvisorsMortgage.com 732.500.6883 The reason: All lenders are a little bit different, so it pays to compare the loans they're offering in terms of interest rates. Step 2: Get mortgage pre-approval. Getting pre-approved is critical if you want your home-buying effort to succeed. A pre-approval letter from a lender shows home sellers that you have the financial backing necessary to buy their home. Step 3: Get a home appraisal. This means a home appraiser will assess the market value of the house using comparable homes. Step 4: Clear the property title and close the deal. That's where the buyer, seller, lender and all others involved meet to sign all of the paperwork, transfer all money owed, and pass along the keys!