frequently asked questions.

how much can I afford?

To calculate ‘how much house can I afford,’ a good rule of thumb is using the 28% / 36% rule, which states that you shouldn’t spend more than 28% of your gross monthly income on home-related costs and 36% on total debts, including your mortgage, credit cards and other loans like auto and student loans.

how do i calculate my mortgage payment?

If you want to do the monthly mortgage payment calculation by hand, you’ll need the monthly interest rate – just divide the annual interest rate by 12 (the number of months in a year). For example, if the annual interest rate is 4%, the monthly interest rate would be 0.33% (0.04/12 = 0.0033).

how do i get pre-approved for a mortgage?

The process isn’t complicated.

1. Check your credit history and get your free credit score so you know where you stand before reaching out to a lender.

2. Calculate your debt-to-income ratio.

3. Gather income, financial account and personal information.

4. Contact more than one lender (and definitely add me to the list!).

What documents are needed to apply for a mortgage?

Several documents are used when applying for a mortgage. Have your pay stubs, W-2s, tax returns, bank statements, investment account statements and brokerage account information ready.

how fast can i get a mortgage?

It typically takes 30 to 60 days to get a mortgage, though it can take longer. Having all your documents and information ready and working closely with a mortgage lender will help move things along more quickly. And there are some lenders that can close faster. We'll check out what options are available when you apply.

do you offer a mortgage rate lock?

Yes! March Home Loans helps you lock in the best rates to ensure your home remains affordable.

i have more questions. can i speak with someone on your team?

Happy to connect and answer any questions you! Give me a call or text at (770) 462-5422 or send me an email at homeloans@marchregroup.com. Look forward to speaking with you.