From first-time buyers to seasoned homeowners, we guide you through every step of purchasing your new home. Explore your options with us and secure a loan that suits your budget. Start your journey today.
Purchasing a new home is an exciting milestone, and we are here to make it as seamless as possible. Our new home purchasing services cater to both first-time buyers and those looking to move into their next dream home. We provide expert guidance through every step of the process, from determining your budget and securing pre-approval to finding the right loan product and closing the deal. With our deep knowledge of the Alabama housing market and a wide network of lenders, we ensure that you receive the most competitive rates and terms available. Let us be your trusted partner in achieving your homeownership dreams.
FAQs
What factors determine my mortgage rate?
Your mortgage rate is influenced by your credit score, loan amount, down payment, loan term, and current market conditions.
What is private mortgage insurance (PMI)?
PMI is insurance that protects the lender if you default on your loan. It is typically required if your down payment is less than 20% of the home’s value.
Can I get a mortgage if I’m self-employed?
Yes, self-employed individuals can qualify for a mortgage, but you may need to provide additional documentation, such as tax returns and profit-and-loss statements, to verify income.
What happens if I miss a mortgage payment?
If you miss a mortgage payment, your lender may charge a late fee, and it could affect your credit score. If you continue to miss payments, your home could go into foreclosure, so it's important to contact your lender immediately if you're having trouble making payments.
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