Yes, there are basic steps that must be taken when you want to obtain real estate financing. Your first step should be to contact a mortgage consultant to identify your needs and analyze your financial capabilities. Considering the provided information, they can provide a set of solutions and directing you to the best option, and accordingly, your advisor will address the bank and obtain the initial approval for the mortgage. This approval is an important step in determining your purchase trends in terms of location, area, and type, etc.
In addition, real estate developers will take the purchase decision sincerely, when the they are presented with a preapproval.
After selecting the property, the real estate consultant arranges required documents related to the property from the developer, as well as documents from the client and begins to proceed with the bank process and regular follow ups to ensure that there is no delay and explains all the credit details to the client in terms of the monthly installment and the type of interest/profit resulting from the financing and Commissions and insurance fees...etc.
Your advisor's role in the mortgage ends when all procedures are completed with the bank and the real estate developer, and the property is registered.