The Mortgage Loan Process: an Overview
There can be little doubt that getting a mortgage loan is a complex process. You wouldn't be visiting our site if it were possible to fill out a one-page mortgage application and receive a great loan funded the same day. We do most of the heavy lifting for you, so you can concentrate on what's important — preparing to move into your new home or saving money.
There are four primary steps involved in getting a mortgage loan.
Step one: Decide on your maximum loan amount
A couple of factors determine this amount. What kind of monthly payment are you looking for? And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you? You can get a good idea of your preferred payment abount using the calculators on our website. And we can guide you to the right loan amount and best program for you when you answer a few quewstions. Based on standard lender guidelines, we'll get you a good idea of what kind of terms and loan program you can expect to benefit most from.
Step two: complete a pre-qualification
This is where Augusta Mortgage Solutions will start to save you money. You will supply details on your employment, your assets, and your residence history. You'll supply information on your employment, asset, and residence history. We will pull get your credit report and score (only after you give your permission. After we've finished reviewing the provided information, we'll provide you with a pre-qualificaiton letter. With this letter, your real estate agent will negotiate the best deal for your new home. While you're looking for a new house with your real estate agent, we find the best program for you.
Once you have signed an offer and the sellers have accepted, you should apply for the loan. It's very easy, and you can do it online, right here on our site. Finally, we'll order the appraisal of your new home.
Step four: funding
The real estate agents will find a title company to handle the "funding" and closing. We'll coordinate with this company to ensure all the papers your lender will require are in order, and you'll probably}likely sign everything at this company's officeWe do all the work to work with with this company on your date to close. Because you won't have to coordinate this process, you can concentrate on moving logistics, if you're going to repaint, new carpet, and all the details of getting a new house.
You've answered a few questions, given us detailed information, applied , and Before you know it, you're moving! We do the legwork so you can spend your time finding your new home.
Have questions about the loan process? Call Augusta Mortgage Solutions at 7068605514. It's our job to answer lending questions, so we're happy to help!