INTRODUCTION VIA EMAIL

My team and I here are honored to meet you. After you are introduced to us, we send you a quick email that tells you more about what you can expect on the mortgage side before, during, and after your homebuying process.

‍About the Leo Anzoleaga Group: Leo Anzoleaga is a Certified Mortgage Planning Specialist with more than 20 years of experience in the mortgage industry. He has built his successful mortgage business through relationships, strategy, and execution specializing in helping homebuyers and their agents stay competitive in the real estate market.

INITIAL CONSULTATION WITH A MEMBER OF OUR TEAM

You will schedule a free 15-minute call with a member of our team to gather additional details about your real estate needs, goals, and purchase timing. This step is critical for building a personalized mortgage plan and finding the best financing option for you.

Haven’t scheduled your free consultation yet? No problem. You can easily schedule a time that is convenient for you.

FILL OUT THE LOAN APPLICATION ONLINE

When you fill out your loan application online through our secure portal, you will submit your financial details and we’ll start the pre-approval process. There's no commitment in applying; it's just the most efficient way for us to give you accurate information in your personalized mortgage plan. As you fill out your application, the information you may be expected to provide include:

Learn more about how your credit score is. We're always a phone call away if you need help or have questions or concerns along the way.

UPLOAD ALL THE NECESSARY DOCUMENTS TO OUR PORTAL

Our lending portal is easy to use. In order to give you the best price and advice, we need all necessary documents uploaded to help paint a complete picture.

PERSONALIZED MORTGAGE PLAN WITH TOTAL COST ANALYSIS + PRE-APPROVAL LETTER

Our team walks you through your Personalized Mortgage Plan (PMP), which includes a Total Cost Analysis (TCA) and results in receiving your pre-approval letter.

During this meeting (sometimes called your Personalized Mortgage Plan Meeting), Leo introduces you personally to your TCA, a side-by-side, comparative analysis of at least two mortgage scenarios based on your specific needs and requirements, including the purchase amount, down payment, and minimum monthly payment.

While the comparison is based on rates (that change daily), our goal is to illustrate costs and possible savings in the short and long term so you can understand the total cost of your loan over time and make a decision that aligns with your financial goals. Your TCA is sent to you after our meeting so you can refer back to this simple, interactive tool anytime you need to.

Along with your TCA, our team will send you a pre-approval letter to understand your buying power and present to your real estate agent (since many do not start working with buyers until they receive a pre-approval letter). Your pre-approval is good for 90 days, but may be extended with some updates to the application.

THE LOAN IS PROCESSED AND GOES INTO UNDERWRITING

Once your pre-approval is completed, the next step is to submit this into the underwriting process. My team will be in the underwriting process behind the scenes.

Underwriting is where we verify your income, assets, debt, and property details are used to issue the final approval on your mortgage loan application. While this process happens behind the scenes, we might ask you for additional information, documents, and proof of assets to fill in any gaps we find. The file will go into underwriting for review, but once pre-approved, you can begin looking for your home.

Curious about the history of underwriting? We got you.

RECEIVE YOUR CONDITIONAL APPROVAL LETTER

The result of successful underwriting is that we have your conditional approval letter via email! Keep in mind that all approvals are subject to satisfactory appraisal and title, and there should be no material changes to your financial status.

Once the Leo Anzoleaga Group issues the loan commitment, we will update the letter every 90 days as needed until you are under contract because our ultimate goal is to only have the title, appraisal, insurance, and condo documents (if applicable) pending at any given moment. This planning and preparation allows us to execute your loan when the opportunity to go under contract arises.

YOU FOUND YOUR HOME!

Get the loan, then get the house. Now that you know your buying power, you and your agent can be more targeted and strategic in your home search. Because we've done our due diligence and completed the majority of the heavy lifting, when you find your new house you can be competitive. Remember buying a house is not a process of selection it's a process of elimination! Once you find a property that meets 85% of your criteria, you can also make a competitive offer. As you go through the process of elimination to select the right house, our team creates models and real estate report cards to help buyers make the best investments on micro and macro levels.

CONTRACT MEETING

Once under contract, we discuss locking in interest rates, and review the disclosures. You will be introduced to our processor, who will help finalize the process, move the file back into underwriting, and work with you on getting the Clear to Close. In addition, Leo Anzoleaga Group clients gain access to Updater, a platform that helps you set up your utilities and manage the housekeeping items necessary for making your move.

CLEAR TO CLOSE!

At this meeting, the loan is disclosed, signed, and approved. The Loan Processor will send you the Closing Disclosure, which includes the loan terms, your projected monthly payments, and how much you will pay in fees and other costs to get your mortgage (closing costs).

After reviewing your Closing Disclosure, you can look forward to a final walkthrough of the home and closing day itself.

CLOSING TIME – CONGRATULATIONS!

Celebration time! You meet, in person or remotely, with your settlement agent to close on the home. At this point, you review and complete all of your closing documents. The seller may be doing the same simultaneously or may have a different closing date than yours. But once it is all done, you can expect to get the keys to your new home.

My team strives to make this transaction as smooth as possible, closing in 12 days on average. If you or someone you know is searching for a mortgage planning specialist, fill out our new client questionnaire and we can start our Excellent Loan Process.

POST CLOSING MEETING

Whoa, your loan closed but our job of helping you be successful as a homeowner has just begun. In a short meeting with Leo, he will ask you for feedback and discuss how you will monitor this investment over time. We’ll review the resources and dashboards you now have, how to activate and use them, annual financial reviews, and our Mortgages Under Management program to take advantage of savings over the lifetime of your loan.