{"id":1153,"date":"2016-04-19T18:06:15","date_gmt":"2016-04-19T18:06:15","guid":{"rendered":"http:\/\/maximumlending.com\/new\/?page_id=1153"},"modified":"2022-02-13T02:00:49","modified_gmt":"2022-02-13T02:00:49","slug":"home-loan-process","status":"publish","type":"page","link":"https:\/\/maximumlending.com\/home-loan-process\/","title":{"rendered":"Home Loan Process"},"content":{"rendered":"\t\t
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Home Loan Process<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Home ownership is an important part of the American Dream. Making that dream a reality; however, can be quite overwhelming, even to those who have previously owned a home. When purchasing a home there are certain steps that must be followed. These steps ensure you are fully prepared to own a home.<\/p>

At Maximum Lending, we are committed to working with you one-on-one in completing each step, in order to ensure a stress free experience. whether you\u2019re looking for a\u00a0first time homebuyer loan program<\/a>\u00a0or a\u00a0loan to move or upgrade your current home<\/a>; need\u00a0vacation home mortgages<\/a>\u00a0or\u00a0investment property loans<\/a>; or want to secure your retirement with a\u00a0reverse mortgage<\/a>, our expert loan officers will fully prepare you for purchasing a home.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Step 1: Determine Your Budget<\/strong><\/p>

Don\u2019t look for homes until you know how much you can afford each month. Rule of thumb is to not exceed 30% of your gross monthly income on housing. When factoring your budget, you should also factor in everything related to housing, including: taxes, maintenance, and insurance. Remember you will be paying this amount for the duration of your mortgage. You can use our mortgage calculator when determining your budget.<\/p>

Step 2: Get Pre-Approved<\/strong><\/p>

Once you have an idea of how much you can spend, you will want to work with your assigned expert loan officer to get pre-approved for financing, as this provides you with purchasing power. The document requirements for mortgage pre-approval vary by lender, but typically, you will need to provide documents proving your financial standing. These will include, but may not be limited to:<\/p>