The process of buying a home can feel really exciting, but also overwhelming, especially for first-time homebuyers. Yet, with the right guidance, the process becomes much more of a manageable and rewarding journey. As a Northern Colorado Mortgage Broker, We’ve had the privilege of guiding many individuals through this pivotal process. At Edge Mortgage Inc. are committed to helping our clients purchase a home with the best terms and rate for their loan. We remove costly and difficult processes by replacing them with high-quality customer service and we will be with you every step of the way. We know each client is unique and we will help you find the loan to best fits your needs.
While we strive to make the loan process as quick and easy of a process as possible, we also think it’s helpful for you to be informed. Knowing the steps and what to expect is a huge part of helping you feel at ease. Here’s a step-by-step breakdown of the home-buying process, and a look at how partnering with a mortgage broker like us can simplify each phase.
8 Steps of the Mortgage Process: Role of Your Northern Colorado Mortgage Broker
1. Determining What You Can Afford
Broker’s Role: A broker can provide you with a comprehensive understanding of the costs associated with buying a home. Beyond the mortgage, we’ll break down potential HOA fees, taxes, insurance, and more. With our assistance, you’ll have a realistic budget, setting the stage for a successful search.
2. Getting Pre-approved
Broker’s Role: This step can make or break your home-buying experience. A broker can streamline the pre-approval process, helping you gather necessary documents and presenting you to lenders in the best possible light. Having a pre-approval letter in hand gives you an edge in the competitive Northern Colorado market.
3. House Hunting
Broker’s Role: While this is primarily the realm of a realtor, a broker can still offer insights on mortgage options for different property types or suggest reputable real estate agents in the area.
4. Making an Offer
Broker’s Role: While a broker won’t negotiate on your behalf, we can provide valuable insight into how mortgage financing could impact your offer’s attractiveness, especially in multiple offer scenarios.
5. Home Inspection and Appraisal
Broker’s Role: We can help you understand how the appraisal process works and its significance in the lending world. If the home doesn’t appraise for the offer price, a broker can guide you through potential next steps and financing solutions.
6. Finalizing Your Loan
Broker’s Role: This is where a mortgage broker shines. We’ll help you navigate the sea of paperwork, ensuring that all details are correct and that you’re getting the terms you expect. Our relationships with multiple lenders mean we can often secure better rates or terms than you might find on your own.
Broker’s Role: Closing can be stressful, but a broker acts as a bridge between you, the lender, and the title company. We’ll ensure everything is in order, from final loan documents to the funds for closing.
8. Moving In
Broker’s Role: Our formal role ends at closing, but we’re always here as a resource. Whether you have questions about your mortgage months down the line or need recommendations for services in Northern Colorado, consider us your lifelong home ownership partner.
In the complex world of home buying, every step presents its challenges. Yet, with a dedicated Northern Colorado Mortgage Broker by your side, you’ll have the expertise and support to make confident decisions. Here’s to your new home and the journey that leads you there!
Read some of our 5-star reviews from our happy clients
“We have used Keri in multiple loans and refinancing. She is always on top of it and a pleasure to work with. The thing I love the most is we aren’t just another number. She always has her client’s best interest at heart.” -Sarah
“Keri did an amazing job helping us with our purchase. Not only was she very knowledgeable, she also kept an eye on the market to lock us in on the best deal. As we came closer to deadlines, she would do triple checks to see if anything had changed. We are definitely going to be using Edge when we make another purchase!” -Sophia
“The company went above and beyond to assist in all areas of the purchase. Communication was fast and responsive. Keri walked us easily through a very difficult process to put us in our new home.” -Todd
When you use Edge Mortgage Inc. you also give back to your community
At Edge Mortgage, Inc. we believe in giving back to our community. One of the ways we do that is by donating $250 of every closing to a local nonprofit. Each year we change up our chosen nonprofit list in order to spread the love even more. Now we are also serving Wyoming, Nebraska, and Ohio so we have added organizations there as well. For us, it’s not just about a home loan, it’s about helping people find their perfect home, and also making a positive impact on the community they live in.
Edge Mortgage Inc. is the best Northern Colorado mortgage broker!
Edge Mortgage Inc. is located in Johnstown, Colorado, and serves all of Colorado, Wyoming, Nebraska, and Ohio. We offer the loan process made simple and top-notch customer service. We are your trusted Mortgage Lender and the top mortgage specialist in Northern Colorado, and every state we serve! Call us today at our Colorado office at 970-744-0000 or our Wyoming office at 307-996-8182.
You may also be interested in reading Mortgage Rates Today: How Interest Rates are Determined.