WEBVTT 00:00:00.000 --> 00:00:06.506 [Music] 00:00:06.506 --> 00:00:08.642 Buying a home...it's exciting, right? 00:00:08.642 --> 00:00:12.112 You're ready to put down roots and start building some equity. 00:00:12.112 --> 00:00:16.717 But then it hits you...to get a house, you have to get a mortgage. 00:00:16.717 --> 00:00:21.588 And you've heard about that...a lot of steps, a lot of paperwork, a lot of unknowns. 00:00:21.588 --> 00:00:24.858 But at Wells Fargo, there's a better way to get a mortgage. 00:00:27.394 --> 00:00:32.532 You've got a team and a guide, a home mortgage consultant, who will take you all the way to closing. 00:00:35.302 --> 00:00:37.771 We even give you a simple way to manage the process. 00:00:37.771 --> 00:00:45.379 yourLoanTracker lets you upload documents, get status updates and receive and sign important disclosures...all online. 00:00:45.379 --> 00:00:50.651 From any computer, smartphone, or tablet, you'll see what's going on with your loan in real time. 00:00:50.651 --> 00:00:56.256 It's available for most loans, and you'll get access through your home mortgage consultant if yours is eligible. 00:00:56.256 --> 00:01:01.995 That's how we make the home loan process easier, your team and yourLoanTracker. 00:01:01.995 --> 00:01:07.401 There are 4 main steps in the mortgage process, and the first is to Complete Your Application. 00:01:07.401 --> 00:01:12.172 [Music] 00:01:12.172 --> 00:01:19.513 Start by connecting with a home mortgage consultant who will help you understand and compare your loan options. 00:01:19.513 --> 00:01:24.418 Wells Fargo's exclusive Priority Buyer pre-approval letter gives you an estimate of how much you can borrow 00:01:24.418 --> 00:01:27.120 and a price range you're comfortable with. 00:01:27.120 --> 00:01:31.925 When you've found the right house, your home mortgage consultant will help you finish your application. 00:01:33.727 --> 00:01:35.796 yourLoanTracker makes the next part a breeze. 00:01:35.796 --> 00:01:40.500 You'll have disclosures in minutes instead of waiting days to get them by mail. 00:01:41.134 --> 00:01:44.738 Right away you'll be able to see the terms and fees of your loan. 00:01:44.738 --> 00:01:51.111 Plus, you can send us supporting documents electronically: pay stubs, W2s, bank statements. 00:01:51.111 --> 00:01:57.784 Simply upload or take a picture...and it's all secure. 00:01:57.784 --> 00:02:02.789 This brings us to Step 2, the Financial and Property Review. 00:02:02.789 --> 00:02:09.829 Your home loan processor and the rest of your team will look over your supporting documents to verify your application. 00:02:09.029 --> 00:02:12.499 If we need anything else from you, we'll let you know right away. 00:02:12.499 --> 00:02:18.138 We'll also order an independent appraisal to make sure the property value backs up the purchase price. 00:02:18.138 --> 00:02:21.675 Then we send everything to the home loan underwriter. 00:02:21.675 --> 00:02:27.881 Use yourLoanTracker to stay plugged into the process or see if there's anything you need to follow up on. 00:02:27.881 --> 00:02:33.587 When everything's complete and you're approved, you'll get your final commitment letter from us, 00:02:33.587 --> 00:02:37.691 and be ready for step 3: Preparing to Close. 00:02:37.691 --> 00:02:41.461 You're almost there...just a few more things to take care of. 00:02:41.461 --> 00:02:46.199 You'll need homeowners insurance, so be sure to check with your insurance company. 00:02:46.199 --> 00:02:51.171 We'll review your property title to make sure it's correct and schedule your closing date. 00:02:51.171 --> 00:02:56.209 At least three days before you close, check yourLoanTracker for your closing disclosure. 00:02:56.209 --> 00:02:58.779 You'll sign this later, so look it over carefully. 00:03:00.981 --> 00:03:06.987 It will tell you things like your final interest rate, monthly payment, and how much money you may need to bring to closing. 00:03:06.987 --> 00:03:10.791 Your home mortgage consultant is available to answer any questions. 00:03:10.791 --> 00:03:13.393 Now you're ready for step 4: Closing! 00:03:17.497 --> 00:03:23.837 There will be three main players at your closing: you, your settlement agent and a whole lot of documents. 00:03:23.837 --> 00:03:30.911 No worries, though; you've seen some of these in yourLoanTracker, and your settlement agent's there to walk you through them. 00:03:30.911 --> 00:03:35.382 When all the paperwork's done and you've paid any closing costs, you'll get your keys. 00:03:39.252 --> 00:03:41.154 Congratulations, you did it! 00:03:41.154 --> 00:03:43.590 You're free to throw the biggest house party ever. 00:03:43.590 --> 00:03:48.328 Crank the volume up to 11. Do whatever you want. It's your home. 00:03:48.328 --> 00:03:53.033 We continue to support you even after the boxes are unpacked. 00:03:53.033 --> 00:03:56.369 Like it's really easy to manage your mortgage account online. 00:03:56.369 --> 00:04:00.173 View your loan balance, make payments and manage your other Wells Fargo accounts too. 00:04:02.642 --> 00:04:08.348 We know the mortgage process can feel like a giant leap into the unknown, but remember, it's really just 4 basic steps: 00:04:08.348 --> 00:04:14.020 One, Complete Your Application; two, The Financial and Property Review; 00:04:14.020 --> 00:04:18.992 three, Preparing to Close; and four, Closing. 00:04:18.992 --> 00:04:23.930 And, from start to finish, you can count on yourLoanTracker and the guidance of your home mortgage consultant. 00:04:26.500 --> 00:04:33.640 For more information, please call us at 1-877-937-9357 00:04:33.640 --> 00:04:40.380 or go online to wfhm.com/locations to find a home mortgage consultant in your area. 00:04:40.380 --> 00:04:45.852 Wells Fargo - we'll be there for you when you take the big step to buy your own home...and all the steps after. 00:04:45.852 --> 00:04:48.855 [Music]