Joshua Lemont Cottrell Sr.

Joshua Lemont Cottrell Sr. Photo
Title: Loan Officer
Office Phone: 251-223-2719
Mobile Phone: 251-223-2719
Toll-free Phone: 800-228-9270
Email: jcottrell@thompsonkane.com
NMLS #: 1610005

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Joshua-Lemont-Cottrell-Sr-Alabama-Mortgage-Bayfront-Park-Daphne-AL

Joshua Lemont Cottrell Sr. Loan Officer | NMLS 1610005 | Thompson Kane Mortgage Loans
Alabama Mortgage Loans | 251-223-2719 | Mobile, Daphne & Gulf Coast Alabama

Home » PreQualify » Options » Refinance » Tools » Contact » APPLY NOW

 

Getting Started with your Home Mortgage

Open-House-pre approval home loanMake your DREAM home YOUR home! And let us help!

At Thompson Kane, we want you to understand the very important steps toward home ownership and have prepared a step-by-step guide. This guide does not replace our one-on-one customer service that we take great pride in, but it will give you an idea of how we navigate from day one to closing day.

Stage 1: Pre-Approval

Getting Pre-Approved is a must. Your Loan Officer will gather some basic information to determine how much you can borrow, the programs for which you qualify and an estimate of your monthly payment.

To get started, click APPLY NOW or reach out to one of experienced Loan Officers.

Once the Loan Officer determines you are eligible, they will issue a Pre-Approval Letter.

first-time-home-buyers-purchase-home-loans

This letter gives you negotiating power which is very important is this very fast moving real estate market. It proves to the seller that you are a serious, qualified buyer who can act fast.

 

To know more about the perks of preapproval, please visit our “Getting Preapproved” section | Get a Quote | Pre-Qualify | 1st Homebuyers

 

Step 2: Find a Real Estate Agent

Using the services of a real estate agent will be one of your best resources as you search for a home. They are knowledgeable in contract negotiations as well as finding that perfect home for you! Ask your Loan Officer for agent referrals in your area.

Step 3: Find THE Home

You now have the Pre-Approval letter and a Real Estate Agent and its time to find your home.

 

  • submit to underwriting - pre approval vs pre qualified

    Bring your Pre-Approval letter with you so the sellers know you are ready to go!
  • Take notes on all the homes you see so you remember the finer details.
  • Use Local Realtor Websites when searching online for accurate listings!

Step 4: Gather and Provide Requested Documents

At this point, your Loan Officer may have already requested documents such as your W2s and paystubs. You will now be asked to submit all documents so your file can move into the underwriting stage. Download our mobile app to use the scanner tool to upload your documents.

Step 5: Submit to Underwriting

The full loan package is now being underwritten. An appraisal will now be ordered and closing dates and times will be confirmed. Your Loan Officer will work with you and the underwriting team to clear all conditions. Once that has been completed, you are CLEAR TO CLOSE!

Step 6: Signing Day

This is the day you have been waiting for! Your Loan Officer and Real Estate agent will meet you at the title company for your closing. A closing agent will go over all the closing documents with you and notarize them as you sign. Once all parties have signed, you are officially a home owner! CONGRATULATIONS!

Joshua-Lemont-Cottrell-Sr-Alabama-Mortgage-Bayfront-Park-Daphne-AL

Joshua Lemont Cottrell Sr. Loan Officer | NMLS 1610005 | Thompson Kane Mortgage Loans

Alabama Mortgage Loans | 251-223-2719 | Mobile, Daphne & Gulf Coast Alabama

Apply Now