The Four Steps of the Loan Process:The Loan Process: Four Steps

No doubt, a lot involved when you get a mortgage loan. You wouldn't be visiting our site if you could complete a one-page loan app and get the best 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 on your maximum loan amount

This is a function of a couple things. What kind of monthly payment are you looking for? 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 step is where Augusta Mortgage Solutions will start saving you money. You will give us info on your current job, your assets, and residence history. You'll supply information on your employment, asset, and residence history. We will get your credit report and score (with your permission, of course). After we've finished reviewing your information, we'll provide a pre-qualificaiton letter. Handle it with care — it can be a useful tool when you make your offer! Your agent will likely use your pre-qual (as they may call it) in order to make the best offer on the home you choose. The pre-qual letter gives you buying clout! While you're looking for your new house with your REALTOR™, we find the best program for you.

Step three: apply now! We make it easy

Once you've made an offer and it's been accepted, you should apply for the loan. It's very easy, and you can do it online, right here on our site. After the seller has accepted your offer and you have applied for your loan, we will order the professional appraisal on the home.

Step four: funding

Your real estate agent and the seller's will work together to find a title company to take care of the funding of your loan once it has been approved. We'll coordinate with this company to ensure all the papers your lender requires are in order, and you will probably}likely sign all these papers at this company's officeWe coordinate with the title company to set your date to close. Since you don't have to worry with this coordination, you get to think about moving, paint colors, carpet, and all the details of getting your new house.

You've answered some few questions, given us detailed information, applied online, and Before you know it, you're moving in! Augusta Mortgage Solutions is a mortgage specialist; you're not — so take care of the details. Doesn't that make sense?

Have questions about the loan process? Call Augusta Mortgage Solutions at 7068605514. Augusta Mortgage Solutions answers loan process questions every day.

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Augusta Mortgage Solutions

NMLS#:148529 GA Residential Mortgage Licensee #18861

141 North Belair Road Suite 102 NMLS# 149807
Evans, GA 30809-7431