There are many moving parts when it comes to purchasing a home. We make sure our clients are educated and informed every step of the way.

Necessary documents

At least two years of work and residency history will be required. Collect these and other necessary documents up front to save time and stress.

Down payment assistance

Although they aren’t free, these loans, grants and programs can help with initial out-of-pocket costs.

Down payment options

Down payments can be as low as 3% for conventional loans, 3.5% for FHA loans, and 0% for VA and USDA loans.

Closing Costs

These cover administering and processing your loan, as well as prepaid interest, insurance and escrow for taxes and insurance.

Rate/term refinance

Want to lower your monthly payment? A lower rate, a longer term, or both can help accomplish that goal.

Cash out refinance

You can borrow up to 80% of the equity in your home for a number of things: repairs, consolidating debt, paying tuition, or other needs.

Mortgage Education

The WB Mortgage Team is ready and willing to answer all of your questions. Here are some basic mortgage terms every homebuyer should be familiar with.

Mortgage payment

This is the sum of the “PITI”, or: Principle, Interest, Taxes, and Insurance

Mortgage qualification

This is determined by the home buyer’s Credit, Income and Assets

Mortgage insurance

This is needed when you put down less than 20% of the purchase price of the home.

Mortgage pre-approval

This should be done before you start shopping for a home to expedite the process.

Building equity through home ownership.

We guide you as you prepare for the process of loan pre-approval, loan approval, and closing.

Office

800 E 101st Terrace, Suite 350, Offices 355 & 356 Kansas City, MO 64131

Contact

sean.wright@envoymortgage.com

Open Hours

Monday – Friday: 8am – 5pm