Step-by-Step
Mortgage Process Guide

Step-by-Step Mortgage Process Guide

Buying a new home is a big and exciting step toward independence, but the process of getting a mortgage can be overwhelming. Use this step-by-step guide to help you understand what's involved in the home mortgage process.

Assessing your needs

Before starting on the path of homeownership, considering your personal goals is a great first step. Ask yourself the following questions to get a broad sense of why owning a home makes sense for you.

• Does owning a home offer more benefits than renting?
• How much would I save or pay monthly to own a home vs. my current situation?
• Do I have enough saved for a down payment , emergency fund, or maintenance costs?
• How long do I expect to stay in my new home?

Starting the process

If you've decided to make this exciting journey into homeownership, it's helpful to know what the home loan process entails to ensure you can be prepared to make your dream a reality.

We've provided a step by step guide of the mortgage process and what to expect.