When you prequalify, you immediately achieve negotiating power. You know what you can spend up front, and there’s no guesswork on whether you will qualify for your dream home. Prequalification is a quick and easy and very rewarding process that involves looking at your credit, your assets and your income.

Once you are prequalified, you can make your offer with confidence. Your agent will help you write it up.

Now you complete the full application. This involves collecting documents to share with your Loan Officer, either electronically or in person. This includes employment W-2 forms, Tax Returns, and Bank Statements.

Once your offer is accepted by the seller, you want to lock in your interest rate to make sure it doesn’t go up during the time it takes to process your loan. Once the rate is locked it will stay the same no matter what for a specific period of time.

Next, while the underwriters are underwriting your loan, you can order your appraisal, start your home inspection on your new home, and start getting ready to move!

Closing is where you pay your final closing costs, Sign your documents, and grab the keys to your new home! Best of all, Obsidian will be there, every step of this exciting journey.