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 partner with some of the best lenders in the industry, and we’d be happy to introduce you, so you’ll be taken care of.

Meet Matt Keane

Of Guaranteed Rate

14 Main Street, Suite 140 Madison, NJ 07940

(973) 544-8484 matt.keane@rate.com

Matt Keane began his career in the mortgage industry in 1996. He is proud to have worked with only three companies over the course of his 22 years in the business. Matt is continually recognized for his high level of production and exceptional customer service. In addition to being a member of the President’s Club at Guaranteed Rate for the past 5 years, Matt has been named a “Top 1% Originator in America” by Mortgage Executive Magazine for years 2013, 2014, 2015, 2016 and 2017....

Matt currently manages Guaranteed Rate’s office in Madison New Jersey. With an insight into the local market and the process of qualifying a loan in these changing times, Matt is sensitive to the different requirements of homebuyers and works to ensure that each mortgage fits his clients long and short term goals.

Matt believes that each client and every business partner should receive the best service possible. That dedication, coupled with experience that includes reliable, hands-on, personalized attention, is how he is able to provide the impressive level of customer service that he’s become infamous for. Matt was raised in West Orange, NJ and attended Seton Hall Preparatory High School. He earned his Bachelor of Science in Secondary Education from Kent State University. Since 1999, Matt has been a member of the Madison Fire Department. Matt and his wife, Anne Marie, have been married for 22 years and together they share four beautiful children; Matt, Jack, Connor and Lily.

Get 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.

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!

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