Sometimes when you hear all of the mortgage terms and credit craze, it sounds as if applying for a mortgage will be the worst nightmare of your life. However, it doesn’t need to be that way. Once you know what is involved in applying for a mortgage and you have the proper documentation handy, the process can be simple and quick.

At GreenPoint Mortgage, there are only a few easy steps to owning your new home.

First you should apply for a GreenPoint mortgage online. The application asks you about your home of choice and your finances. It should not take more than 20 minutes to complete and it will be reviewed immediately after completion.

Once reviewed you should hear a response within a couple of days informing you if you have been pre-approved. If approved online, you need to make a deposit that will cover the cost of appraisal and closing, and a loan advisor will call you to begin the processing of the loan.

Your GreenPoint Mortgage advisor will be professional and personable, and be there to help you with all of your questions and concerns throughout the mortgage process.

Once you have applied online and been contacted by a loan advisor, GreenPoint Mortgage will send you an application package that includes papers to sign and a list of necessary documents necessary to prove or support your finance information.

The loan advisor at GreenPoint will also order an appraisal from a licensed appraiser in the area. The thoroughness or complexity of the appraisal will depend on the value of the home and the requested loan amount, and will either be conducted inside the home or perhaps even from the street in front of the house.

The loan advisor will also inform you of the need for title insurance and will contact the seller and a real estate broker to make sure that the title work is ordered. If refinancing, GreenPoint will take care of the title work for you.

Once your application package is returned and the appraisal and title work is completed, your GreenPoint advisor will contact you to schedule your loan closing. At this time, you will also schedule a closing on your home.

Usually the closing will take at the title company’s office or an attorney’s office, in order for there to be an agent to sign as a witness. A few days before closing takes place, your loan advisor will contact you to go over some finalizations. This is to ensure that everything is in place and you understand all of the terms and conditions.

Buying your new home is a complicated process, but GreenPoint wants to make it as easy and painless as possible. Feel free to email or call your loan advisor at any point in the mortgage process should you have questions and you will receive quick and precise answers every time.