The Loan Process: an Overview
There's little doubt ; getting a mortgage loan is a complex process. You wouldn't be visiting our website if you could fill out a one-page mortgage application and receive a great loan funded in one day. But Augusta Mortgage Solutions does the heavy lifting so you can concentrate on your life rather than the mortgage loan.
Getting a home loan involves four major steps.
Step one: Decide how much you can afford
A couple of factors determine this amount. How much of a monthly payment can you afford? 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. Because lender guidelines are fairly standard, we can give you a good idea of how much you can borrow after a short conversation.
Step two: pre-qualify for your loan
This is where the rubber meets the road and Augusta Mortgage Solutions can really save you money. You will provide info on your current job, assets, and your residence history. You'll provide information on your employment, asset, and residence history. We run your credit score and report. We will go over all this information and will give you a letter of pre-qualification. Handle it with care — it can be a useful tool for buying your new home! Your REALTOR® should use your pre-qual (as they may call it) to make the best offer on the home you choose. The pre-qual letter gives you buying clout! While you're shopping for a new house with your real estate agent, we find the best program for you.
Step three: apply now! We make it easy
Once you've made the offer and the sellers have accepted, you should apply for the loan. It couldn't be easier, and you can apply online, right here on our site. When the time is right, we will order an appraisal of your new home.
Step four: your loan is funded
The agents will find a title company to handle the "funding" of the loan and closing. We'll work with this company to ensure the papers your lender requires are avaiailable, and you will probably}likely sign all these papers at their officeWe do all the work to work with with this company on your date to close. Because you don't need to worry with this coordination, you get to think about moving logistics, paint colors, new carpet, and all the details of moving into your new home.
You've answered a few questions, given us lots of information, applied , and Before you know it, you're moving in! Augusta Mortgage Solutions is in the business of loans; you're not — so we do the work. Makes sense, doesn't it??
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!