Get the best interest rates possible on your new mortgage, and compare our interest rates and APRs with the competition.
Make no mistake, there’s a lot involved in getting a mortgage loan. You wouldn’t be here on our website if you could simply fill out a one-page application and get the best loan for you, signed, approved and funded, all in the same day. Basis Point Home Loans does the heavy lifting for you, so you can concentrate on what’s most important—preparing to move into your new home.
Our data base of lenders ensures you will get the very best purchase loan product available on the market today. Basis Point Home Loans offers over 500 different loan products to serve you.
If you’re a first time homebuyer, we also offer loans with super low starting payments to help you ease into the new world of homeownership.
There are four main steps involved in getting a new mortgage loan.
Determine How Much You Can Afford
This is a function of several variables including; how much of a monthly payment can you afford and perhaps even more importantly, how much of a monthly payment do you feel comfortable with! Knowing that no two borrowers are exactly alike, we look at your unique credit and employment history, income and debt situation and find out how much money a lender will loan to you. Our website mortgage calculators will help you determine comfortable payment options that best fit your need. We’ll also help you through various loan scenarios by asking a few simple questions. Based on standard lender guidelines, we’ll give you an idea of what kind of terms and loan programs will benefit you the most.
Pre-Qualify For Your Loan
This is where the rubber meets the road and Basis Point Home Loans has the opportunity to save you the most money! After careful and confidential review of your credit, employment, income, and assets, we’ll provide you a borrower Pre-Qualification Letter unique to your situation. Handle it with care—to a home seller, it’s like a suitcase full of cash! Your real estate agent will use your Pre-Qual (as they may call it) to make the best offer on the home you select, and the seller knows you’re pre-qualified and ready to get serious. It gives you buying clout! And while you’re picking out the home that’s right for you, we’re busy securing the loan that’s right for you.
Apply Now! We make it easy!
Once you’ve made an offer and it’s been accepted, it’s time to complete the loan process. It couldn’t be easier, and you can do it online, right here at our website. When the time is right, we’ll order an appraisal, contact the title/escrow company and all relevant third parties involved in the transaction of your new home. We strongly believe that keeping in touch with our customers on a frequent basis is of upmost importance, and encourage you, your real estate agent and any other parties involved in the process to contact us any time with questions regarding the purchase of your new home.
Your Loan Is Funded!
Your real estate agent and the seller’s will work together to designate an escrow/title company to handle the transaction closing of your new home. We’ll coordinate with that company to ensure all the papers your lender will require are delivered on time, and in proper order. You’ll sign your documents at the escrow/title company’s office with one of our trusted lending professionals typically at the closing to answer any questions you may have.
You’ve answered a few questions, given us some detailed information, applied online, and next thing you know, you’re moving in! Congratulations on choosing one of the finest mortgage companies in the profession – Basis Point Home Loans a dba of Basis Point Financial.