Five Steps To Make the Loan Process Go Faster

Working with McBride Mortgage is the first way! When you count on us to find the loan that's right for you, you truly are taking advantage of some of the area's best technology and expertise. McBride Mortgage delivers fast, professional service from application through closing. And, as a sister company to your builder, we know exactly how to work as a team with you and McBride Homes to make the home buying process as smooth as possible.

Here are ways you can speed up the process of getting a mortgage loan:

1. Have everything ready and in one place. We will give you a list of things you might need in support of your mortgage application. If you get them all together and keep them in a safe, portable place, you can cut down on time spent rooting around for things we may need.

2. Be honest and complete when you fill out your application. Providing incomplete or incorrect information on your employment or residence history or omitting open credit accounts doesn't increase your chances of getting a favorable loan. All information you provide us must be verified through a third party, so any incorrect statements will only slow down the lending process.

3. Respond promptly to requests for additional information. During processing, we may need additional information. Provide it as soon as you get the request, or return the call as soon as you get the message.

4. Be prepared to explain derogatory items in your credit report. This is really part of number 2 above. If you had an illness or a divorce where you missed or made late payments, or you have other instances of late payments or delinquencies on your credit report, be prepared to explain them. Be honest, and don't be nervous! As the lender assessing the risk of loaning you money, we are not judging you, we just want an accurate and complete financial picture. Extenuating circumstances that explain derogatory credit are generally looked on by an underwriter more favorably than “my dog at the bill”, or “I just forgot to pay it!”

5. Be Proactive! If there is something along the way that you don’t understand, please ask about it. Our goal of a smooth transaction includes you understanding and being comfortable with the process. We are always ready to answer your questions or explain a loan scenario to you.