We’ve all heard the stories about getting a mortgage… the endless paperwork… the waiting… the stress. We have to wonder – how on earth do these lenders stay in business with such truly terrible service?
We do things differently.
When you work with Catalyst, we go above and beyond to make the process smooth and hassle-free for you. We don’t ask you to fill out application forms – that’s our job! We’ll take your loan application over the phone or in person at our office – whichever is most convenient for you.
Every single loan situation is unique. That’s why the first thing we do is find out what you are looking to accomplish. Is it a refinance? A new home purchase? How long will you be in your home? Will the property be owner-occupied or a rental? Once we understand your situation and goals, we will suggest the loan options that will be most advantageous to you. If you would like to meet with us in person, all the better. Give us a call to arrange a time when we can talk face-to-face.
If buying a home is on your agenda, the first thing we recommend is getting pre-approved. Pre-approval pinpoints your purchasing power so you can zero in on homes in your price range. Getting pre-approved also gives you negotiating power with sellers. When they know you’re pre-approved, they know you’re a serious buyer. And since most of the legwork is done at the pre-approval stage, once you find the perfect house, it’s a matter of updating your paperwork and you’re good to go.
What are you looking to accomplish? A lower payment, a lower interest rate, a shorter term, cash out? Once we understand your goals and current mortgage situation, we’ll let you know what your options are, and the pros and cons of each.
When we take your loan application for either a refinance or a new home purchase, we’ll give you a list of documents we will need from you. These are things like W2s, banks statements, etc. The documents we need vary from program to program and from borrower to borrower. That’s why we don’t simply publish a list – your list will be different than someone else’s, and who wants to do extra paperwork for no reason?
If you don’t have convenient access to a copier, don’t worry. We’ll be happy to make the copies for you at our office.
Once your income has been verified, we create loan disclosure documents. Once signed, these disclosures lock in the rate, terms, and fees (if any) that apply to your loan.
Next, we’ll order the appraisal. For a refinance, the appraiser will contact you directly to schedule a time to appraise your home. For a new home purchase, the appraiser will contact your real estate agent.
And now for the grand finale – the signing. The final loan documents will be drawn, and we’ll arrange for the loan signing at the time and place convenient for you: in our office, your office, your home – whatever works for you.
Congratulations – you have a great new home loan!