Your Mortgage Journey Unfolded:
Milestones that Put You in Control!

Stay Informed, Stay Confident - Empowering You Every Step of the Way

At Flow Mortgage Co. we understand that applying for a mortgage can be a significant life event. That's why we've crafted a journey tailored to your needs, keeping you informed and empowered throughout the entire process. Our exclusive milestones act as your personal GPS, guiding you towards homeownership with ease.

1. Real-Time Updates

Say goodbye to the days of uncertainty! Our milestones offer real-time updates on your mortgage journey. You'll never have to wonder about the status of your application or where you are in the process. Stay in the loop, stay confident.

2. Take Charge of Your Future

With our milestones, you're in the driver's seat. Know which stage you've reached and what's up next. Feel the reassurance that comes with being in control of your path to homeownership.

3. Eliminate Surprises

No one likes unexpected surprises, especially when it comes to such an important decision. Our milestones keep you informed about each step, so you can plan ahead and sail through the process without any bumps in the road.

4. Personalized to Your Pace

We know everyone's journey is unique. Our milestones are designed to accommodate your pace. Move forward when you're ready, and take your time when needed. Flexibility is key.

5. A Clear Path to Success

Picture it like a treasure map; our milestones mark each step of your journey, guiding you towards the ultimate prize: your dream home. Follow the path with confidence and certainty.

6. Celebrate Milestones Together

As you reach each milestone, we'll celebrate with you! Your progress is our joy, and we'll be there cheering you on at every stage of the process.

General FAQs

How early should we get pre-approved? Do we need to get pre-approved?

It's a good idea to get pre-approved before you start house hunting, so you have a clear understanding of what you can afford. While it's not mandatory, a pre-approval gives you an advantage when making an offer, showing sellers you're serious and financially ready.

What is the difference between a pre-qualification and a pre-approval?

Pre-qualification gives you a general idea of what you might qualify for, based on a brief overview of your finances. A pre-approval, on the other hand, is more detailed and involves verifying your income, credit, and other financial details. It gives you a clearer picture of what you can afford and is taken more seriously by sellers.

How long does this whole process take?

Typically, once you've provided all the necessary documentation, getting a pre-approval can take anywhere from a few hours to a few days. Once you've found a home and have an accepted offer, the final approval process usually takes between 1-2 weeks. However, every situation is unique, so timelines can vary.

How is Flow Mortgage Co. paid?

Mortgage brokers are compensated through a commission paid by the lender when a mortgage is finalized. This doesn't affect your interest rate or fees. For the vast majority of standard residential transactions, there's no cost to you for mortgage services.

What are your hours? When can we reach you and what’s the best method?

We’re generally available weekdays from 9am to 5pm. However, we understand that home buying can be time-sensitive, so we’re often available for urgent matters outside those hours. The best way to reach us is through email or phone—we check both often!

Are there any other hidden costs or fees associated with a mortgage?

Apart from the principal and interest, you might encounter costs like appraisal fees, title insurance, and legal fees. These aren't "hidden," but they are additional costs to be aware of. We’ll make sure to review all potential fees with you, so there are no surprises.

What is the term of the mortgage and what happens at the end of this term?

The term of a mortgage is the length of time you're committed to a particular interest rate and set of conditions with a lender, often ranging from 1 to 5 years, but can be longer. At the end of this term, you'll either renew your mortgage with the same lender or refinance with a different one.

Can I make extra payments? Are there any penalties for paying off the mortgage early?

Most mortgages allow for extra payments to some degree, which can help you pay down your mortgage faster. However, the amount and frequency can vary. Some mortgages also have penalties for paying off the entire balance early. It's crucial to understand these terms from the outset. Don’t worry—we’ll ensure you're informed.

What happens if I face difficulties making my mortgage payments in the future?

Life can be unpredictable. And remember, we want to be your lifelong partner in building wealth. If you find yourself facing challenges, reach out to us and let us know. There may be options like adjusting payment frequencies, refinancing, or even payment deferrals in some circumstances. We're here to help and guide you through any bumps along the way.