YOU FOUND YOUR DREAM HOME
Ready to Buy
In the journey of life, there are few bigger events than buying a home. We want to be there for you throughout the entire process.
REST ASSURED
We‘re Here to Guide You
We know you have questions.
- How much do I need to put down?
- What will my monthly payments be?
- What are the closing costs?
Our team will help you determine your borrowing power, break down mortgage payments, and explain closing costs.
These topics may seem stressful, but your Loan Officer will be your guide every step of the way.
EXPERIENCED & PASSIONATE TEAM
At Your Service
We take the complex home financing process and make it simple for you to navigate.
Pre-approval
Make an Offer
Open escrow
Close the loan
QUICK REFERENCE
Mortgage Terms Explained
Borrowing power refers to how much money you can borrow, aka how much house you can afford to buy. Many factors can affect the loan amount you qualify for, such as income, debts and liabilities, credit history, down payment, interest rate, as well as the condition and value of the property.
You will find us knowledgeable and passionate. Our team can provide you with tips on how to increase your borrowing power and get you where you want to go.
Payments are made up of principal and interest. Principal is the balance of the amount borrowed and the interest is the cost of borrowing. Also known as P&I payment. It’s common to include property tax and homeowners’ insurance as part of your monthly payment. This is referred to as an escrow or impound account.
If you want to learn even more, we’d be happy to geek out with you and get into all the details!
As a buyer, there are costs that you will pay as part of the property transaction. These costs include lender fees, escrow charges, and title fees. The amount varies depending on the loan amount, county and title, and escrow company. Your total funds to close will include the down payment, plus closing costs.
With our pre-approval, Augusta will provide an estimate of closing costs so you know what to expect. There are options for a lender credit to help cover closing costs, and your Loan Officer can help you understand if that makes sense for you and your situation.
