Getting a mortgage is done over several months. Deciphering 6 steps to get the best mortgage with Honest Lender.
It is quite difficult to understand the various steps and steps to take to obtain a mortgage , especially when realizing a property purchase for the first time.
Your mortgage project in 6 steps
1) Honest Lender is looking for the best financing for you
If you want to buy real estate and you wonder the bank you need to choose to finance your real estate project, well Honest Lender takes care of everything. We are approaching several lending agencies to get you the best possible rate for your mortgage!
2) Signature of the agreement at Honest Lender and the insurance delegation
After your financing proposal has been chosen, the signing of the agreement with Honest Lender must be done so that the file can be edited.
Once the signature of the agreement is made, comes the delegation of insurance: the possibility for a borrower to change loan insurance if the one proposed by a bank that does not suit him.
3) Go to the bank, lift reservations
The reserves refer to the indications by the purchaser of the visible defects of construction during the donation of the housing. The removal of reserves is the time during which the companies do the necessary work to remove the defects noticed and that the rendering of the works gives a lack of reserve.
4) The bank sends you your loan offer
As soon as all the supporting documents have been provided, the loan organization drafts and publishes a loan offer and must send it by post to the future owner with the borrower’s consent.
The loan offer is a piece that presents the terms of the loan and sets the tone for the obligations of each party.
5) You return to the bank your signed loan offer
If you accept the loan offer sent by the bank, the offer must be signed and returned to the bank also by post. Once the bank receives the signed loan offer, the loan agreement will be established.
6) You are homeowners, you got your loan at the lowest rate
Congratulations ! You own your property and your acquisition is a success with Honest Lender. The repayment of your monthly payments will begin one month after the acquisition of your property.