FAQ
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Frequently Asked Questions
What types of mortgages do you offer in Georgia and South Carolina?
We offer a wide range of mortgage options, including fixed-rate mortgages, adjustable-rate mortgages, FHA loans, VA loans, USDA loans, and more. Our experienced team can help you find the right mortgage to fit your needs.
How much can I borrow for a mortgage in Georgia or South Carolina?
The amount you can borrow depends on various factors, such as your credit score, income, and the current interest rates. We’ll work closely with you to determine your borrowing capacity and help you find a loan that suits your budget.
What is the current interest rate for mortgages in 2023?
Interest rates can fluctuate, so it’s best to contact us for the most up-to-date information on mortgage rates in Georgia and South Carolina. We’ll provide you with the current rates and help you understand how they may affect your loan.
How do I qualify for a mortgage in Georgia or South Carolina?
To qualify for a mortgage, you’ll typically need to demonstrate a stable income, good credit history, and a reasonable debt-to-income ratio. Our team will guide you through the qualification process and help you meet the necessary requirements.
What are the closing costs associated with a mortgage in Georgia or South Carolina?
Closing costs can vary, but they usually include fees for appraisals, inspections, title insurance, and more. We’ll provide you with a breakdown of estimated closing costs specific to your mortgage so you can plan accordingly.
What is the difference between a fixed-rate and an adjustable-rate mortgage?
A fixed-rate mortgage has a constant interest rate throughout the loan term, offering stability in your monthly payments. An adjustable-rate mortgage (ARM) has an initial fixed period, after which the rate may change periodically. We’ll help you understand the pros and cons of each option.
Can I prepay my mortgage without penalties?
Many of our mortgage options allow for prepayment without penalties. We’ll discuss your specific loan terms to clarify any prepayment policies and help you decide on the best strategy for your financial goals.
What documents do I need to apply for a mortgage?
The required documents can vary, but generally, you’ll need proof of income, tax returns, bank statements, and identification. Our team will provide you with a checklist of necessary documents and guide you through the application process.
How long does the mortgage approval process typically take?
The approval process can vary, but it usually takes around 30 to 45 days from application to closing. However, it may be shorter or longer based on individual circumstances and loan complexity.
Can I get a mortgage with less than perfect credit?
While having good credit can make the process easier, it’s still possible to secure a mortgage with less than perfect credit. We offer various loan options to help individuals with different credit profiles, and we can discuss potential solutions to improve your creditworthiness.