🏡 The Loan Process – What to Expect Step-by-Step

At Equitable Lending, we make the mortgage process simple, transparent, and stress-free. Here's what to expect:
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1. Application

We start by gathering your basic information, financial details, and the type of loan you're looking for (purchase, refinance, investment, etc.). This can be done online, by phone, or in person.
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2. Pre-Approval

Once we review your documents, we issue a pre-approval letter (if applicable). This gives you a clear idea of your budget and strengthens any offer you make on a home.
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3. Loan Options & Locking In Your Rate

We'll present the best loan options based on your goals — whether that's the lowest payment, fastest payoff, or most cash out. Once you pick a loan, we can lock in your interest rate.
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4. Processing

Our team will collect and verify supporting documents like income, assets, credit, and property info. If it's a refinance or cash-out, we'll also order an appraisal (if required).
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5. Underwriting

A licensed underwriter will review your full file to ensure it meets all guidelines. They may request additional documents — we'll keep you updated every step of the way.
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6. Clear to Close

Once approved, we send your file to closing! You'll review and sign final documents and get ready to fund.
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7. Closing Day

You sign your final paperwork (often done electronically or with a mobile notary), and the loan is funded. If you're refinancing or pulling cash out, you typically receive funds within 3 business days.
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8. You're Done!

That's it — your loan is complete! We're still here for any questions, future needs, or referrals you'd like to send our way.

Our experienced team blends expertise and dedication, ensuring that you receive a unique lending experience tailored to your needs.