We work with over twenty different lenders to negotiate you the lowest rate and fees
Here at Atlas Mortgage Group, LLC, we have the right loan program for you. Whether you looking for Purchase, Refinance, or Specialized Loans, we can do it!
Unlocking Your Path to Homeownership with Atlas Mortgage Group
Securing the right mortgage is a pivotal step toward achieving your dream home. At Atlas Mortgage Group, we recognize that finding a mortgage involves more than just numbers—it's about realizing your homeownership aspirations. With a focus on personalized service and a deep understanding of the mortgage industry, our Kansas City Mortgage Brokers are dedicated to guiding you through every stage of the process.
Atlas Mortgage Group is committed to offering customized mortgage solutions tailored to your specific needs. Our experienced mortgage lenders in Kansas City, MO are here to provide expert advice and support, whether you're buying your first home or considering refinancing. We believe in making the mortgage journey as smooth and transparent as possible, ensuring that you feel confident in every decision you make.
We understand that every borrower’s situation is unique. That’s why we offer a diverse array of mortgage products, including conventional loans, FHA loans, VA loans, and USDA loans. Our goal is to help you find the mortgage that best aligns with your financial goals and budget. By offering a variety of options, we can cater to different needs and preferences, making sure you get the best possible deal.
At Atlas Mortgage Group, our approach is centered around you. We take the time to understand your financial situation, goals, and preferences to offer tailored mortgage solutions. Our team values clear and open communication, ensuring that you’re informed and comfortable with each step of the mortgage process. From pre-approval to closing, we’re here to support you and answer any questions you may have.
Navigating the mortgage process can be daunting, but with Atlas Mortgage Group, it doesn’t have to be. We are dedicated to providing a streamlined experience, simplifying each stage from application to approval. Our goal is to make the process as efficient and straightforward as possible, so you can focus on finding your perfect home.
At Atlas Mortgage Group, we strive to exceed expectations and make a meaningful difference in your home-buying journey. If you’re ready to take the next step toward homeownership or refinancing, reach out to Atlas Mortgage Group today. Our dedicated team is here to help you open the door to your new home with ease and confidence
The pre-approval process is much more complete than pre-qualification. For pre-qualification, the loan officer asks you a few questions and provides you with a pre-qual letter. Pre-approval includes all the steps of a full approval, except for the appraisal and title search. Pre-approval can put you in a better negotiating position, much like a cash buyer.
Usually, people refinance to save money either by obtaining a lower interest rate or by reducing the term of the loan. Refinancing is also a way to convert an adjustable loan to a fixed loan or to consolidate debts. The decision to refinance can be difficult, since there are several reasons to refinance. However, if you are looking to save money, try this calculation: Calculate the total cost of the refinance Calculate the monthly savingsDivide the total cost of the refinance (#1) by the monthly savings (#2). This is the "break even" time. If you own the house longer than this, you will save money by refinancing. Since refinancing is a complex topic, consult a mortgage professional.
A rate lock is a contractual agreement between the lender and buyer. There are four components to a rate lock: loan program, interest rate, points, and the length of the lock.
A mortgage broker counsels you on the loans available from different wholesalers, takes your application, and usually processes the loan which involves putting together the complete file of information about your transaction including the credit report, appraisal, verification of your employment and assets, and so on. When the file is complete, but sometimes sooner, the lender "underwrites" the loan, which means deciding whether or not you are an acceptable risk.
Not necessarily. In fact, if you are a reasonably astute shopper, you will probably do better dealing with a mortgage broker. Mortgage brokers do not add any net cost to the lending process, because they perform functions that would otherwise have to be done by employees of the lender. Furthermore, because mortgage brokers deal with multiple lenders -- in a typical case, 25 to 30, sometimes more -- they can shop for the best terms available on any given day. In addition, they can find the lenders who specialize in various market niches that many other lenders avoid, such as loans to applicants with poor credit ratings, loans to borrowers who do not intend to occupy the property, loans with minimal or no down payment, and so on.
Both income and assets are disclosed and verified, and income is used in determining the applicant's ability to repay the mortgage. Formal verification requires the borrower's employer to verify employment and the borrower's bank to verify deposits. Alternative documentation, designed to save time, accepts copies of the borrower's original bank statements, W-2s and paycheck stubs.
Stated income/verified assets: Income is disclosed and the source of the income is verified, but the amount is not verified. Assets are verified, and must meet an adequacy standard such as, for example, 6 months of stated income and 2 months of expected monthly housing expense. Stated income/stated assets: Both income and assets are disclosed but not verified. However, the source of the borrower's income is verified. No ratio: Income is disclosed and verified but not used in qualifying the borrower. The standard rule that the borrower's housing expense cannot exceed some specified percent of income, is ignored. Assets are disclosed and verified. No income: Income is not disclosed, but assets are disclosed and verified, and must meet an adequacy standard. Stated Assets or No asset verification: Assets are disclosed but not verified, income is disclosed, verified and used to qualify the applicant. No asset: Assets are not disclosed, but income is disclosed, verified and used to qualify the applicant. No income/no assets: Neither income nor assets are disclosed.
It is the list of settlement charges that the lender is obliged to provide the borrower within three business days of receiving the loan application.
A loan eligible for purchase by the two major Federal agencies that buy mortgages, Fannie Mae and Freddie Mac.
A mortgage larger than the maximum eligible for conforming purchase by the two Federal agencies, Fannie Mae and Freddie Mac.
It is an upfront cash payment required by the lender as part of the charge for the loan, expressed as a percent of the loan amount; e.g., "2 points" means a charge equal to 2% of the loan balance.
This is the process of determining whether a customer has enough cash and sufficient income to meet the qualification requirements set by the lender on a requested loan. A pre-qualification is subject to verification of the information provided by the applicant. A pre-qualification is short of approval because it does not take account of the credit history of the borrower.