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Purchasing a
home is a very exciting time, and being
well prepared will help you make better
decisions. Take this opportunity to learn
more about home buying and the mortgage
process. Below and throughout this site,
you will find information that will help
you with the purchase of your ne home.
Want a general idea of what
you qualify for? Get
Pre-Qualified and we will
give you a quote based on a few pieces
of information. The information you
submit is secure through 128bit SSL
military encryption.
If you would like to know exactly what you qualify
for, Apply
Online, and we will give you an accurate assessment
of what you qualify for. The information you submit is secure
through 128bit SSL military encryption. If you feel more comfortable
filling out a written application, you can print out the Uniform
Residential Loan Application and the credit
release form and fax them to
888-888-8881 or send them to:
Acme Mortgage .
If you have any questions, just click "Contact Us" above.
You can contact
Acme Mortgage by calling
888-888-8888
or sending a fax to
888-888-8881 . You can email us at
fmckee@mortgagewebsite.net .
If you received an error message when trying to download either of the
above forms, you might need to first download the acrobat reader.
Am I really ready to buy?
Buying a home offers many advantages, one of the most significant being
that it allows you to build equity (ownership) when you pay your mortgage
each month. A common myth is that monthly mortgage payments are more expensive
than rent. But, in many cases, mortgage payments can be even less than
rent. When considering home ownership for the first time, you need to decide
whether buying makes financial and practical sense for you right now or
if you are better off renting. Consider both the advantages and disadvantages
to renting as well as buying, and weigh the pros and cons for your particular
situation.
How much “house” can I afford?
The first step toward finding the right home is to quickly compute your
purchasing power and determine how much you can afford to pay each month.
This saves you time by allowing you to focus on homes in your price range.
You can use calculators and tools to
help you with this.
In addition, you should consider both the up-front and ongoing costs associated
with purchasing a home in the planning stage.
Some up front costs include:
- Down payment: Typically ranges from 3-30% of the cost of the house.
The more you can put down, the greater equity you will have in your
home and the lower your monthly payment will be. For down payments
less than 20% you may also need to pay mortgage insurance.
- Closing Costs: Typically range from 2-6% of the loan amount depending
on your area.
- On-going Costs: Your housing costs can include the following:
- Monthly mortgage payment Homeowners insurance
- Mortgage Insurance, if applicable
- Flood Insurance, if applicable
- Property taxes
- Utilities
- Maintenan
How much can I get pre-qualified for?
Before you go looking for a home, you should see if you are financially
able to get a mortgage and get an estimate of what you pre-qualify for
from a lender. If you are working with a real estate agent, getting pre-qualified
lets them know you are a knowledgeable and serious buyer.
You can use calculators and tools to
find the home loan that meets your needs. Then, you can continue and get
on-line Get
Pre-Qualified or , Apply
Online.
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