Security mortgage corporations aim to make the process of getting a mortgage as simple and straightforward as possible. It provides an assurance of security to their customers to buy their dream. Security Mortgage Corporations has designed a loan process that suits the demands of people's busy lifestyles. You can get a mortgage without ever leaving your home or office. Security mortgage companies can provide lower rates than the competitors and the efficiency of the operation. Organize your documents whether you are buying or refinancing a home or applying a home equity loan. Once your loan application has been received Security mortgage companies will start the loan approval process immediately. This involves verifying your:
- Credit history
- Employment history
- Assets including your bank accounts, stocks, mutual fund and retirement accounts
- Property value
Based on your specific situation, additional documents or verifications may be required. To improve your chances of getting a loan approval, you should respond promptly to any requests for additional documents. This is especially critical if your rate is locked or if you plan to close by a certain date and do not make any major purchases. Do not buy a car, furniture or another house till your loan is closed. After your loan is approved, your will be required to sign the final loan documents. Bring a check for your down payment and closing costs and review the final loan documents. Make sure that the interest rate and loan terms are what you were promised. Also, verify that the name and address on the loan documents are accurate.
Getting a mortgage should be a simple process, not a lengthy and painful one. Wasting time in a loan office is now a thing of the past. A strong and genuine belief in the "customer for life" principal of doing business is what fuels all security mortgage companies.