Home Loans made simple
First time homebuyer? You’ve come to the right place!
Looking at real estate fliers and touring homes is easy. Applying for a home loan and figuring out how to pay for a house – well, that can get complicated. Let us guide you through understanding a home loan.
#1 - A home loan is called a mortgage.
Buying a house is one of the largest investments most people make. Home loan programs are available to those who need to borrow the money and buy a house (which is almost everyone.) The money borrowed and the payment due each month is called a mortgage.
#2 - Home loan options are also called programs.
You have choices when it comes to a home loan. Some buyers have more choices than others depending on how much money you make, where the home is located, how much money you have to spend right away and your credit score. There are many options when it comes to home loans and several programs available. Some of them include:
- Conventional loans (also known as regular loans)
- FHA loans
- VA loans
- USDA loans
The best step to determine the right home loan program for you is to call a local mortgage lender you trust. The lender can explain the difference in each program and help you decide which one is best for you.
#3 - Learn the numbers.
There are many “numbers” involved in a home loan process. When you apply for a loan, you will have a unique set of figures for you. Here are some numbers that will be figured up into your home loan:
- Purchase price of the home
What you’re offering to pay for the house you want to buy.
- Down payment
The money you have available to buy the house when you apply for your loan.
- Interest rate
Usually a percentage and based off of your credit score. This percentage figures up how much money in interest you will pay during the life of your loan.
- The term of your loan
Typical terms are 15, 20 or 30 years – meaning how long it will take to pay back the loan.
- Monthly payment amount
This is what your mortgage bill will show each month.
#4- Home loans aren’t free – but it doesn’t cost to apply.
It’s FREE to pre-qualify and apply for a home loan. But there are some fees involved when you borrow money to buy a house. Closing costs will apply before your loan is approved. This pays for the processing of the home loan. Also, you will be charged interest on your loan – this works just like any other loan from the bank – interest for borrowing the money will be part of your mortgage payment.
#5- There are tax benefits to home loans.
Although home loans do not come free, the government lets you write-off what you pay in interest on your Federal income tax return. Also, if you pay mortgage insurance (MI), you may also write-off this amount.
How do I buy a house?
These are the basics of understanding home loans. If you want to buy a house but haven’t found one yet, go ahead and pre-apply for a home loan now.
If you’ve already found a house and made an offer, we can still help you. Fill out our online application form for a home loan. Our team will be in touch ASAP to collect information about the house you want to buy and get the ball rolling on your financing.
Questions? Call us at 404.436.0013.
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Holly and her team were recommended to me by my real estate agent. Holly Walther & Team are a very organized and knowledgeable group. Their attention to detail is outstanding. In addition, they create an honest atmosphere of caring by making themselves available for questions - no matter how small or silly the questions may seem. At one point in the process, I deeply misunderstood part of the reasoning behind a portion of the loan process; I broke down in a sobbing mess. It would have been easy for Holly Walther & Team to treat me differently at that point - like someone who is incapable of controlling their emotions. Instead, the team treated me with their highest reapect, and continued to reach out to me via e-mail, text, and phone calls. I highly recommend this group, not just for their expert skill sets, but also for their genuine compassion and ability to collaborate with all types of people.
Holly and her team are amazing and I’m so glad I had them in my corner. I bought my first house end of last year and I must say the building process was not smooth but Holly and her team had my back the entire time. I wish the builder was on top of things the way Holly and her team were. They kept my spirits up and kept me well informed. I highly recommended Holly and her team.
Holly's team is amazing with their follow up and answers to any questions. Again... we have another seamless transaction!
Holly and her team have mastered the mortgage loan process. Holly has great knowledge and is able to find a way to get most loans approved.
Holly and her team are absolutely amazing to work with! They are extremely quick to respond to any questions and thoroughly explain every detail of the process. They made our home refi incredibly simple! Thank you, Holly!
Thank you for another well done job. My client appreciated the updates you gave through the process
Holly and her team made our home buying experience smooth and stress free. Everyone was on the same page and knew exactly the answers to all of my questions and concerns. They are on the top of their game. Keep up the great work.
Holly Walther and team made our experience smooth and helped us every step of the way! Everyone is kind, friendly and so professional. I highly recommend them as a lender!
From start to finish, Holly and her team did an amazing job through the entire lending process and bestowed nothing but confidence for me and my wife in the process. Great job by everyone on her team. We would HIGHLY recommend her!
We loved working with Holly and her team! They were wonderful every step of the way and my favorite thing was the weekly update emails. I never was left waiting to hear from them and they treated us with so much care and consideration. I have recommended this group to all of our family and friends and plan on using them again in the future!
Holly and her team are amazing. We have recommended them to several of our friends over the years. They are both professional and personal in their approach to helping people find a home. No stone is left unturned when they begin helping their clients. My wife and I have bragged about Holly and her team for years. We are currently using them for the second time to help us find our second house.
Holly and her team were wonderful from our first contact! Each member of the team is very quick to respond to both calls and emails. They were patient in explaining paperwork needed and explaining what was happening each step of the way. They provide little videos that make it easier to understand what all is happening for those who don't speak lender lingo. Everyone was very personable yet professional! I would recommend this team to anyone!
Holly and her team have been absolutely amazing. I can’t recommend them enough. Buying a home can be so stressful but Holly and the team made this experience stress free! We have truly enjoyed working with them.
We had an awesome experience with this company!! Holly and team did an outstanding job throughout the entire process. The whole team’s communication was excellent. Even our real estate agent was impressed. I would use them again.
Holly and her team were all very consistent and thoughtful in their communication with me. Any and all questions I had for them were answered promptly, kindly, and patiently. I highly recommend reaching out to Holly and her team for those interested in buying real estate.
In the last 20 years, I've been "to the well" a number of times - purchases, refinances, children's first mortgages - and ONE TIME I thought I would "save some time" by letting my existing lender refinance their own loan. Once burned - and I've learned my lesson - I will NEVER consider another mortgage guru - Holly has always been available, to answer questions, had provided flawless advice at every junction, and thee process is so smooth and easy, you actually feel bad for folks who areen't using her team!. I know that I will never do that again. Thank you Holly Walther Team for all you do to make this process almost seem easy. It's been said that an expert makes thee difficult look easy - and the easier it looks, the more an expert they are! That describes Holly.