The Jagoe Homes team is here to answer your questions. Plus, Acrisure Mortgage lenders will guide you every step of the way, from pre-approval to finding the mortgage that’s right for you.
In this section you’ll find basic questions and answers every first-time home buyer needs to know. If you have other questions or concerns, feel free to chat, call, text, or email us.
The Basics
How much house can I afford?
There are a variety of factors that affect how much you can afford. Some of these factors include income, credit history, the size of the down payment, as well as employment and residence histories. Keep in mind, you could qualify for a home loan much higher than you can comfortably afford, so borrow cautiously. Ask questions. Use tools, such as Acrisure’s Mortgage Calculator, to get simple advice on how much you can afford to pay for your new Jagoe Home.
What are the up-front costs when I buy a new Jagoe Home?
It’s important to remember your being able to afford a new home involves more than just the amount you borrow. Be sure to consider the up-front costs of buying a home as well as the ongoing costs of home ownership.
Some of the costs associated with buying a home before you start making regular mortgage payments include:
- Mortgage application fees
- Earnest money
- Down payment
- Mortgage points
- Closing costs
Is it better to buy or to rent?
While owning a new Jagoe Home is usually more affordable than renting, everyone has their own unique situation to consider. There are many factors to consider, and our New Home Consultants are here to help you identify what is best for you.
What are the different types of mortgage loans?
There are many mortgage loan options available to you, and understanding your choices is an important part of making the best decision for your personal situation. Acrisure Mortgage is a leader in the home mortgage industry, and hundreds of Jagoe Home buyers have said they would recommend Acrisure Mortgage in the future.
What is a mortgage APR?
Annual Percentage Rate (APR) is the amount of interest on your total loan amount you will pay annually (averaged over the full term of the loan). A lower APR translates to lower monthly payments. (You’ll see APR alongside interest rates in today’s mortgage rates.)
What is the Difference Between Pre-qualification and Pre-approval?
Both pre-qualification and pre-approval show you are a serious buyer. One gets you started on the process, and the other makes it official.
How much down payment should I plan on a new home?
A down payment demonstrates your commitment to buy. In addition, a larger down payment can help you secure a better interest rate, which means you’ll have lower monthly mortgage payments.
What documents will I to apply for a mortgage loan?
To apply for a mortgage loan, you’ll need documents that prove how much you earn, where you have lived, monthly debts and account balances.
How do I make an offer on a home?
Making an offer on a house is a formal process. It can be very helpful to have a competent, experienced real estate agent working with you.
What takes place at the mortgage closing?
The closing is the last step in the home-buying process. This is when all the parties get together to finalize the transaction by exchanging signatures, checks, and ultimately the keys to the home.
