The Loan Process: an Overview
There is no question ; getting a mortgage is a complex process. You wouldn't be here on our website if you could fill out a simple application and get an excellent loan check cut the same 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 milestones.
Step one: determine how much you can borrow
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: pre-qualify for your loan
This step is where Augusta Mortgage Solutions will begin saving you money. You will provide details on your employment, your assets, and residence history. You'll supply your employment, asset, and residence history information. We get your permission to pull your credit score and report. We'll review this info and provide a letter of pre-qualification. Be careful with this letter — it can be a great tool for buying your new home! With this letter, your real estate agent will negotiate the best deal for your new home. While you're looking for a new home with your agent, we find the best program for you.
Step three: apply now! We make it easy
After you've made an offer and the sellers have accepted, you should apply for the loan. Applying for a loan couldn't be much easier; you can apply any time right here on our site. At the end of this step, we'll order the appraisal of your new home.
Step four: your loan is funded
The agents will find a title company to handle the "funding" and closing of the sale. We'll work with this company to ensure all the papers your lender will need are in order, and you'll probably}likely sign everything at their officeWe do all the work to work with with the title company to set your date to close. Because you will not need to coordinate this process, you get to think about moving, painting, new carpet, and all the details of moving into a new house.
You've answered a few questions, given us detailed information, applied , and the next thing you know, you're moving in! Augusta Mortgage Solutions is a mortgage specialist; you're not — so we do the work. Makes sense, doesn't it??
Have questions about the loan process? Call Augusta Mortgage Solutions at 706-860-5514. It's our job to answer lending questions, so we're happy to help!