About the Loan Process
There can be no doubt ; getting a mortgage loan is a complicated process. You wouldn't be visiting our site if it were possible to complete a simple loan app and receive 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.
There are four main steps involved in getting a mortgage loan.
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? 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: pre-qualify for your loan
This step is where Augusta Mortgage Solutions can begin saving you money. You will supply info on your employment, your assets, and residence history. You'll give us your employment, asset, and residence history information. We pull your credit score and report. We will review this info then will provide a pre-qualification letter. Your REALTOR® should use the pre-qual (as they may call it) to make the best offer on the home you choose. While you're deciding on the home that's right for you, we are looking for the best loan program for you.
Once you have made the offer and it's been accepted, it's time to complete the loan application. Applying for a loan couldn't get much easier; you can apply online right here on our site. After the offer has been accepted and you have submitted your loan application, we will order the professional appraisal on the home.
Step four: your loan is funded
Your REALTOR® and the seller's will work together to designate an escrow/title company to take care of the funding of your loan. We'll work with this company to make sure the papers your lender will need are in order, and you'll probably}likely sign everything at this company's officeWe coordinate with this company on your closing date. Because you will not need to coordinate this process, you get to think about the move, paint colors, new carpet, and the fun parts of moving into your new house.
You've answered some few questions, given us detailed information, applied , and before you know it, you're moving in! Augusta Mortgage Solutions is in the business of mortgage loans; you're not — so we take care of the details. Doesn't that make sense?
Have questions about the loan process? Call Augusta Mortgage Solutions at 7068605514. We answer questions about the loan process every day.