Maayta Mortgage
How we work

The mortgage process, from first call to closing.

Start with questions and rough numbers. The team reviews the file, explains what comes next and stays with it through closing.

The five steps of the mortgage process illustrated along a path: first call, pre-approval, house hunting, contract, and keys
STEP 01

The first call

The first conversation covers what you are trying to do and what is still unclear. Tareq or a member of his team asks a few practical questions before suggesting a next step.

What we'll ask
  • What's your target monthly payment?We compare what you're paying in rent today against what owning would actually cost.
  • How much have you saved for a down payment?We put what you have against the programs that could fit. No single number decides this on its own.
  • What's your income and employment situation?We need enough to see how your income gets documented later. Self-employed is a different route from salaried, and it is better to know that now.
  • Any credit concerns?If there are concerns, say so. We can explain what matters and what may help.
  • Do you already have a realtor?If not, we can tell you when an agent belongs in this and what to ask before you pick one.

The call narrows the options and makes the next step clear. A qualification decision comes later, after the application and documents are reviewed.

STEP 02

Getting pre-approved

If pre-approval is the next step, we send the secure mortgage application and a document list. Sensitive information belongs there, not in a form on this website.

What we'll need
  • Recent pay stubs
  • Last two years of W-2s
  • Last two months of bank statements
  • Driver's license

Then we read the completed file and tell you what it supports, what is still missing, and what should happen before you start shopping or make an offer.

STEP 03

House hunting

Once the file reaches pre-approval you are shopping with reviewed numbers instead of guesses. We stay available for questions about a specific house.

When a particular house is in play we update the working numbers and explain what that home does to the file. A pre-approval letter reflects what has been reviewed so far, not a final decision.

STEP 04

Under contract

Once an offer is accepted, appraisal, title, insurance and underwriting begin. Timing depends on the property, documents and people involved.

What gets ordered
  • AppraisalProvides an independent opinion of the property's value for the lender's review.
  • Title workReviews ownership records and identifies title matters that may need to be addressed before closing.
  • Homeowners insuranceThe loan and the property decide what insurance evidence has to be in place before closing.

Underwriting reviews the loan file during this stage. If more is needed, the team explains what was requested and why.

STEP 05

Final approval and closing

When the lender has cleared the remaining conditions, we go through the disclosed terms and what is still required to close.

What we review before you sign
  • Final loan terms
  • Cash needed at closing
  • Monthly payment
  • Closing Disclosure

The settlement and loan documents are what actually control closing and when ownership transfers. We will walk you through the mortgage items before you sign anything.

Good to know

What surprises first-time buyers most.

  • 01

    It's more paperwork than people expect.

    Buying a home involves more paperwork than most people expect. Ask early what you will need and keep it together.

  • 02

    The monthly payment is more than principal and interest.

    The real housing cost can also carry property taxes, homeowners insurance, mortgage insurance and association dues. Condo dues in particular catch people out. Your disclosures and the property itself decide the actual numbers.

  • 03

    You may need less saved than you think.

    Plenty of buyers assume there is one number they have to reach before they can start. There isn't. What matters is what a smaller down payment costs you in mortgage insurance and in the rest of the loan terms, and that is a conversation rather than a threshold.

Communication

How the team stays in touch.

Call, text or email. When the file needs something, the team explains what and why.

Ready when you are

Start with the call.

The first call is free and takes about 15 minutes.

Request a free consultationCall (571) 332-0713