The Mortgage Process. But at Wells Fargo, there is an easier way to obtain home financing.

The Mortgage Process. But at Wells Fargo, there is an easier way to obtain home financing.

The Mortgage Process. But at Wells Fargo, there is an easier way to obtain home financing.

Transcript: Mortgage procedure video clip

[Music] Buying a house . it is exciting, right? You are prepared to deposit origins and begin building some equity. Then again it strikes you . To get a homely house, you need to get home financing. And also you’ve learned about that . plenty of actions, a great deal of paperwork, lots of unknowns.

But at Wells Fargo, there is an easier way to have a home loan. You have got an united group and helpful information, a property home loan consultant, who’ll just just just take you all of the solution to closing.

We also supply 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 the web. From any computer, smartphone, or tablet, you will see what’s happening with your loan in realtime. It is designed for many loans, and you will get access during your mortgage consultant if yours is qualified. That is exactly how we result in the mortgage loan procedure easier, your group and yourLoanTracker.

You will find 4 primary actions in the home loan procedure, while the first would be to finish the job.

[Music] start with connecting with a house home loan consultant, who can allow you to realize and compare your loan options. Wells Fargo’s exclusive Priority Buyer preapproval page offers you an estimate of simply how much you are able to borrow and a cost range you are confident with. Once you’ve discovered the house that is right your house home loan consultant shall help you complete the application.

yourLoanTracker makes the part that is next breeze. You should have disclosures in mins in the place of waiting times to have them by mail. Immediately you can actually begin to see the terms and costs of the loan. Plus, you’ll deliver us documents that are supporting: pay stubs, W2s, bank statements. Merely upload and take a image, and it is all protected.

This brings us to step two, the Financial and Property Review. Your house loan processor therefore the rest of one’s group will appear over your supporting papers to confirm the job. When we require other things away from you, we are going to inform you straight away. We are going to additionally purchase an appraisal that is independent ensure that the home value backs up the purchase cost. Then, we send every thing towards the true mortgage loan underwriter.

Utilize yourLoanTracker to stay connected to the method or see if there is whatever you want to follow on.

When every thing’s complete and you also’re authorized, you will get your last dedication page from us, and get prepared for step three: getting ready to Close.

You are almost here . just a couple of more items to look after.

You may need property owners insurance coverage, therefore make sure to consult with your insurance carrier. We will review your premises name to ensure it is proper and schedule your closing date. At the very least three times before you close, check yourLoanTracker for your closing disclosure. You are going to signal this later on, therefore look it over carefully. It’s going to let you know such things as your last rate of interest, payment, and exactly how much cash you may have to bring to your closing. Your house mortgage consultant can be acquired to respond to any queries.

So Now you are prepared for action 4: Closing!

You will have three main players at your closing: you, your settlement representative, and a lot that is whole of. Don’t worry, however; you have seen many of these in yourLoanTracker. As well as your settlement representative will there be to walk you through them. Whenever all of the paperwork is performed and also you’ve compensated any closing expenses, you will get your tips.

Congratulations, it was done by you! You’re liberated to toss the biggest home celebration ever. Crank the quantity as much as 11. Do anything you want. It is your house.

We continue to give you support even with the containers are unpacked. Want it’s quite simple to handle your mortgage account online. View your loan stability, make re payments and handle your other Wells Fargo accounts too.

We all know the home loan procedure can feel a leap that is giant the unknown, but remember, it is simply 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, it is possible to depend on yourLoanTracker while the guidance of your property home loan consultant.

To learn more, please give us a call at 1-877-937-9357 or look online to to get home loan consultant in your town.

Wells Fargo—we’ll be here you take the big step to buy your own home for you when . and all sorts of the steps after.