Let Us Help You Buy Your New Home!
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 new home.
Am I 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 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.
In addition, in the planning stage, you should consider both the up-front and ongoing costs associated with purchasing a home.
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:
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Monthly mortgage payment
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Homeowners insurance
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Mortgage Insurance
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If applicable - Flood Insurance
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If applicable - Property taxes
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Utilities
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Maintenance
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Our Happy Clients
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" American Mortgage really did a great job for me and my wife. They helped us every step of the way, kept us informed, provided great advice about the options, and followed through until it got done on time. They really took the hassle out of it."
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"Mike W was amazing to work with . Fast and friendly service . I will recommend and also use again in future. "
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"Tim and Zach did a fantastic job, very knowledgeable, quick to follow up, and very personable, and got us a great mortgage. "
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"American mortgage company is the best and trusted company. All staff are all professionals. More power."
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"American Mortgage brings their "A" game to the world of real estate loans. Zach provided the knowledge, guidance and support to see my loan through to completion with grace and efficiency. My loan was completed in 3 weeks time from start to finish which included an appraisal of my home. I thoroughly enjoyed working with Zach and definitely recommend American Mortgage to anyone looking for a home loan or refinance."
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"Mike at American Mortgage in Bellevue, Wa. was fantastic to work with! He knows the business well an makes the experience very pleasant. We’ve never experienced his ability to get a home loan closed so quickly. He was very helpful when we had questions also. I really recommend Mike and American Mortgage. You won’t be disappointed!!"
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"I have completed three loans with Zach and have been treated with professionalism and great service every time. Thank you."
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"We have a more difficult situation because we own 2 properties and are self-employed. American Mortgage is the ONLY people we worked with that were able to get everything done for us. Mike Walters is extremely helpful and made the whole process as easy as possible. We have refi-ed both properties with them, and just completed our 3rd transaction with them. HIGHLY recommended!"
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"I loved working with American Mortgage because they were helpful, honest, and trustworthy. I felt at ease from the very first phone conversation. Everything went quickly and smoothly with my refinance. I worked with Tim who was personable and always answered my questions promptly, thoroughly, and honestly. American Mortgage has my highest recommendation."
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"American Mortgage was twice as fast to close as other companies I've used in the past. They were extremely knowledgeable, fast, up front, accurate, and professional from start to finish. I'll use them again when needed. " Nelson F.
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"American Mortgage has helped us two times to reduce both monthly mortgage payments as well as interest that has helped us in an upside down situation to stay in our home in retirement . Many Thanks"