1. Initial Consultation - Terry will talk with you over the phone, or in person and gather the information necessary to understand the borrower’s needs. Based upon that, Terry will recommend several loan programs and check over 40 lenders for the best rate. Once we both decide to move forward, a package can be overnighted or e-mailed.

1. Application/Documentation - Once the pertinent documentation is obtained from the borrower, our processor generates the mortgage application, requests a credit report and orders an appraisal of the property. Should any issues arise, we request additional information and/or items as needed. Throughout the process, Terry or Adam (his full-time assistant) will send you a Friday Report® letting you know exactly where your loan is in progress.

2. Loan Submission - Prior to submitting the loan package to a lender, Terry reviews current mortgage programs to insure the borrower the best product, rate, and term. The loan is then assigned to a loan processor who puts the loan package together, sends the completed application and Good Faith Estimate of closing cost to the applicant for review and signature, then submits the loan package to the chosen lender for approval.

3. Loan Approval – Your approval comes in with “conditions.” Conditions are items the underwriter wants to complete the loan and can vary. Sometimes they might want a more current bank statement, or standard conditions would be title insurance and documents from your attorney. Our team at HamiltonLadd will work with your attorney and you to get everything back to the bank with as little pain as possible. Once all the outstanding loan conditions are met to the satisfaction of the lender, HamiltonLadd will notify all parties that the loan is "cleared to close."

4. Documents are drawn - The lender prepares the closing package and sends it to the attorney prior to closing. At this time, the borrower is told how much money to bring to the closing table (if applicable).

5. Closing Funding - The loan is funded and closed once all parties have signed the loan documents.

6. Recording - The attorney records the note and deed with the town recorder's office.

“…. from Wells Fargo told us they couldn't get us more than $300k. On Friday he told us he cannot believe that you were able to get us the mortgage.

Apparently you worked a miracle. Thank you for getting us a home!”

Ridgefield, CT