The Mortgage Process. But at Wells Fargo, there is an easier way getting a mortgage.
Transcript: Home Loan procedure video clip
[Music] Buying a property . it really is exciting, right? You are willing to pay origins and begin building some equity. Then again you are hit by it . To get a homely household, you must get a home loan. And also you’ve found out about that . A lot of actions, a total great deal of documents, plenty of unknowns.
But at Wells Fargo, there is an easy method to obtain a home loan. You have team and helpful tips, a house home loan consultant, who can just just take you all of the solution to closing.
We even provide you with a easy method to handle the method. yourLoanTracker SM allows you to upload documents, have status updates and receive and sign disclosures that are important . all on line. From any computer, smartphone, or tablet, you will see what’s going on with your loan in real-time. It is readily available for many loans, and you should get access using your mortgage consultant if yours is qualified. That is the way we result in the true mortgage procedure easier, your group and yourLoanTracker.
You can find 4 primary actions in the home loan procedure, while the first would be to Complete the job.
[Music] start with linking with a house home loan consultant, who’ll assist you to comprehend and compare your loan choices. Wells Fargo’s exclusive Priority Buyer preapproval page offers you an estimate of just how much you are able to borrow and an amount range you are confident with. Once you’ve discovered the right household, your property home loan consultant can help you complete the application.
yourLoanTracker makes the part that is next breeze. You should have disclosures in 
moments rather than waiting times to obtain them by mail. Straight away you can begin to see the terms and costs of one’s loan. Plus, you are able to deliver us supporting papers electronically: pay stubs, W2s, bank statements. Merely upload and take a image, and it’s really all safe.
This brings us to step two, the Financial and Property Review. Your property loan processor as well as the remainder of the group can look over your supporting papers to confirm the job. From you, we’ll let you know right away if we need anything else. We are going to additionally purchase an appraisal that is independent ensure that the home value backs up the acquisition cost. Then, we deliver every thing towards the mortgage underwriter.
Utilize yourLoanTracker to stay attached to the method or see if there is what you need certainly to follow through to.
Whenever every thing’s complete and you also’re authorized, you will get your final dedication page from us, and stay ready for step three: getting ready to Close.
You are very nearly here . just a couple of more what to care for.
You may need home owners insurance coverage, therefore make sure to consult with your insurance carrier. We are going to review your home name to be sure it is proper and schedule your closing date. At the very least 3 days before you close, check yourLoanTracker for your closing disclosure. You are going to signal this later, therefore look it over carefully. It will probably inform you such things as your last interest, payment per month, and exactly how much cash you may have to bring to your closing. Your property home loan consultant can be acquired to resolve any queries.
So Now you are prepared for action 4: Closing!
You will see three primary players at your closing: you, your settlement representative, and a entire large amount of papers. Don’t worry about it, however; you have seen many of these in yourLoanTracker. Along with your settlement representative can there be to walk you through them. Whenever all of the paperwork is completed and also you’ve compensated any closing expenses, you will get your tips.
Congratulations, it was done by you! You’re absolve to toss the house party that is biggest ever. Crank the amount as much as 11. Do anything you want. It is your house.
We continue steadily to give you support even with the bins are unpacked. Want it’s quite simple to handle your mortgage account online. View your loan stability, make re re re payments and handle your other Wells Fargo accounts too.
We understand the home loan process can feel a leap that is giant the unknown, but remember, this really is just 4 fundamental actions: 1. Complete Your Application; 2. The Financial and Property Review; 3. Preparing to Close; and 4. Closing. And, from beginning to end, you are able to rely on yourLoanTracker plus the guidance of your house home loan consultant.
To find out more, please give us a call at 1-877-937-9357 or go surfing to wfhm.com/locations to get a true mortgage consultant in your town.
Wells Fargo—we’ll be here for you personally whenever you use the big action to purchase your own house . and all sorts of the steps after.