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The Home Loan Process
Demystifying Home Loans
If you haven’t experienced it before, the home loan process can feel overwhelming, but our agents will help you stay informed throughout the process, from pre-approval to closing. The first thing to do is consult with a mortgage specialist (or two). If you don’t already have someone in mind, we work with some of the best lenders in the industry, and we’d be happy to introduce you, so you’ll be taken care of.
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finance with
Fairway Independent Mortgage Corp. | The Stainslaw Team
Craig Stainslaw
NMLS ID #400618
- (262) 746-2140
- (866) 589-7887
- craig.stainslaw@fairwaymc.com
As a fully licensed loan officer, Craig has received numerous awards for client satisfaction and production including the Milwaukee Magazines Five Star Mortgage Originator. In his career, he has funded over 364 million dollars in home loans.
Craig has extensive training in home finance, which he has used for 15 years providing excellent service to his clients. He currently serves as a Senior Loan Officer/ Team Manager of The Stanislaw Team at Fairway Independent Mortgage Corporation and is known for providing fast and reliable mortgage approvals.
In this ever-changing mortgage industry, it’s important to have a professional in your corner looking out for your best interest. Craig ensures that your transaction—your home, your family, and your financial commitment—is his highest priority.
Let's Get Started Watch Featured VideoGet Pre-Approval
Before you start looking for a home to buy, it’s a good idea to meet with your Loan Officer to get pre-approved for a loan amount. At this stage, the lender gathers information about income, assets and debts of the borrower (you) to determine how much house you may be able to afford. This includes a credit report, W-2 forms, pay stubs, Federal Tax Returns and recent bank statements. There are a variety of different loan programs, so make sure to get pre-qualification for the specific programs that best suit your needs.
We Help You Get The Best Loan
Start The Process
We’ll help you find the best local loan officer to get you competitive rates and the programs that best fit your individual needs. Fill out this form and we’ll connect you with a lender today!
Application & Processing
What happens when a loan goes "live"
When you find property you’re ready to buy, your lender will help you complete a full mortgage loan application, and talk you through the various fees and down payment options. The application is submitted to processing, where the documents are reviewed and appraisals and title examination are ordered. Then the loan is sent to an underwriter, who reviews and approves the entire loan if it meets compliance.
Closing
Signing and Finalizing the deal
Don’t be surprised if you’re asked for additional documentation or clarification throughout the process. Once your loan is approved, don’t forget to set up homeowners insurance. Your documents will be sent to the title company, where you’ll sign for the new home and pay any remaining costs. Then the loan is recorded and you get the keys. Congratulations, happy homeowner!
