About the Mortgage Loan Process

There's no doubt that getting a mortgage is a complex process. You wouldn't be researching mortgage loans if it were possible to get a loan in a single day by filling out a simple application. But Augusta Mortgage Solutions does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

Getting a mortgage loan involves four major milestones.

Step one: determine how much you can borrow

This is a function of a couple things. How much of a monthly payment can you afford? What is the maximum you can borrow from a lender, given your income and credit history? Use the calculators on our website to determine your monthly payment amount. 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 can begin saving you money. You will supply information about your current job, your assets, and your residence history. You'll give us information on your employment, asset, and residence history. We will get your credit report and score (with your permission. After we've reviewed your information, we'll provide you with a pre-qualificaiton letter. Be careful with this letter — it can be a useful tool when you make your offer! Your agent will use your pre-qual (as they may call it) to make the best offer on the home you choose. While you're shopping for a new home with your real estate agent, we find the best program for you.

Step three: apply now! We make it easy

Once you have made the offer and the sellers have accepted, it's time to complete the loan application. Applying for your loan could not be much easier; you can apply from the comfort of your home right here on our site. After the seller has accepted your offer and you have applied for your loan, we will order a professional appraisal on the home.

Step four: your loan is funded

The real estate agents will find an escrow/title company to handle the "funding" and closing. We'll work with this company to ensure the papers your lender requires are avaiailable, and you will probably}likely sign everything at this company's officeWe work with with the title company on your closing date. Since you don't have to worry with this coordination, you can think about the move, if you're going to repaint, carpet, and the fun parts of getting your new home.

You've answered a few questions, provided detailed information, applied , and Before you know it, you're moving! We take care of the legwork so you can spend your time finding the new home that's right for you.

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!