Our Process

Our Process and Why It Works:

At Dash Mortgage Company, your mortgage lender Bellingham WA, we have figured out how to streamline the process by utilizing daily checklists and procedures to get a simplified, intelligent mortgage journey. We have found that obtaining a mortgage is NOT a confusing or stressful process by using our program whether you are purchasing your first home, refinancing, or need extra cash for your next project. We will do everything necessary to make the loan suit your needs.

Step 1: Let the Fun Begin

Our first time communicating. During our first conversation, we will take the time to get to know you and determine what your goals are. We will also discuss any concerns you may have, or answer any questions that may arise. This will be your time to tell us what you need! Are you looking to buy your first home? Trying to figure out how much money you can borrow to find the perfect house that fits your budget? Are you looking to refinance to save paying unnecessary interest? Did you want to invest in a rental property or a business? We can explain to you how the mortgage process is going to work.

Step 2: Put It Together

Now we know what you are looking for. We will begin crafting the proper loan strategy. This means, understanding your criteria, figuring out which options suit your needs. Not just now, but for the future as well. We can start comparing lenders and what they offer. If your priority is the lowest interest rate, offset accounts, faster equity growth, we are determined to find a loan that fits your needs.

At Dash Mortgage Company, your mortgage lender Bellingham WA, we will gather information to conduct a pre assessment that helps us determine the likelihood of approval before logging a formal application. This will help avoid unnecessary credit checks and potential rejections. That will affect your credit score. We will compare loans – review fees, features and policies and recommend the best one based on our knowledge. Now we put together your application and tailor it to ensure success of closing the loan.

Step 3: Real Information

Now we work with you to gather the documentation. Every lender has specific requirements and we make this process easy. The typical things you need are proof of income (typically with paystubs and tax returns or potential business finances if self employed), identification documents, statements for any debts or other loans you may have, details on the amazing piece of property you are buying. Through the part, we will have a checklist and information on ways of obtaining these documents if you are unsure. We will update frequently to keep this process moving smoothly and keep you informed, supported and confident.

Step 4: The Conditions of Approval

Once the lender has reviewed your information they typically have conditions of approval, sometimes called Pre Approval – this is good! It means that they will give you the loan if you are able to supply them with the extra documentation. Some of the things that they typically include is appropriate property valuation, additional documentation supporting your paystubs or bank statements and a final credit assessment. We will help you every step of the way to quickly and efficiently support these conditions. This is typically the point where you can safely make an offer, or bid at an auction. As your mortgage lender Bellingham WA, this is exciting for us too!

Step 5: We Are Almost There

At this point, we will have the property valuation, a standard part of the process to ensure the property meets the lenders criteria and aligns with the purchase price. Now that this is complete and conditions are met your loan will be formally approved!

Step 6: We Now Have the Loan Documents and It Is Time to Sign

During this step, we will assist you in reviewing the paperwork so that you can understand the terms and conditions and ensure everything is accurate to avoid any delays. You’re almost in your house! As your mortgage lender Bellingham WA, we will review the loan structure and repayments, offers and redraws, settlement timeliness, your rights and obligations and you can count on us to explain everything clearly. We will answer all last minute questions, big or small.

Step 7: It Is Closing Day

Today is the day the lender pays the funds for your purchase or refinance. It just became official! As your mortgage lender Bellingham WA, we will coordinate with your solicitor, work with your lender to ensure a smooth settlement and confirm everything is completed. You will also receive a post settlement pack with tips and checklists and useful advice on managing your new home loan.

Step 8: We Are Here for the Long Haul – Not Just for the Transaction

Many of our clients return to us as their mortgage lender Bellingham WA for future loans, refinancing, home equity lines of credit. That is a testament to our valuable service and ongoing, compassionate commitment to keep the best lenders available. We will do annual loan check ins to ensure your home remains competitive in the lending department. We will give you alerts when better deals come available and guidance if your goals change or you are looking to upgrade or even downgrade.

 

Why Our Process Works:

  • Dash Mortgage Company is here for you and compassionate about what we do to work for you and not for the banks.
  • Dash Mortgage Company is efficient with our checklists and procedures to create a streamline and tech easy process for you.
  • Dash Mortgage Company is fully transparent with no surprises, no pressure and honest, helpful guidance.
  • Dash Mortgage Company provides strategic advice. We structure your loan to help support your long term goals.
  • Dash Mortgage Company is here from your first call to the day you settle and long after. We’ve got your back and we will always be there when you need us!

 

Let’s Get It!

Call us whether you are ready to apply, or just want to talk and understand your options. We are here to help and will point you in the right direction.