Mortgage Center
When buying a home one of the most important aspects is the mortgage loan. Without a mortgage most people would not be able to buy a home, therefore we suggest that you gain a basic understanding of mortgages as possible in your home shopping process.
Our mortgage center is designed to assist you will all aspects of the mortgage process. We have divided up mortgage center into the most common information requested.
Mortgage Calculators
Before learning all of the ins’ and outs’ of mortgages, we suggest that you get acquainted with our various mortgage calculators. These mortgage tools can help you determine how much of a mortgage you initially qualify for and what kind of monthly mortgage payments to expect.
- View all our mortgage calculators
- Start off with our maxmimum mortgage qualifying calculator to determine the maximum mortgage amount and property purchase price you qualify for.
Mortgage Rates
A very important factor of qualifying for a mortgage is understanding how mortgage rates work and how they affect you. The first thing to understand is that mortgage rates change daily and secondly on any giving day mortgage rates for all lenders will be very similar as most mortgage lenders get “mortgage money” from the same place, WallStreet.
Go to this section to learn more about mortgage rates.
Mortgage Loan Programs
There are literally thousands of different types of mortgage programs, each designed to help buyers with one or two of the following qualifying issues: lack of down payment, bad credit, difficulty proving income, low monthly mortgage payments.
The less “issues” we get you a better (lower) mortgage rate, mortgage qualifying “issues” means higher mortgage rate.
Here we can provide you information on the basic types of mortgage loan programs such as:
- Conventional Mortgages
- Jumbo Mortgages
- Adjustable Rate Mortgages
- Interest Only Mortgages
- Piggy Back Mortgages
- FHA / VA Mortgages
- Stated Income / No Doc Mortgage Loans
Not sure what is the best type of mortgage loan program for you, contact us for a free mortgage consultation.
Qualifying for a Mortgage
Now here are some of the most important information regarding mortgages. Qualifying guidelines for obtaining a mortgage. Mortgage qualifying is divided into four main categories:
- Income
- Credit
- Assets
- Liabilities
In this section you can get more detailed information about qualifying for a mortgage and the general loan qualification guides for each category. Start learning about qualifying for a mortgage.
Credit and Your Mortgage
Your credit report will dramatically affect what type of mortgage you will be able to qualify for and what your final mortgage rate wil be. Learn more about your credit and qualifying or order a free credit report.
Mortgage Questions
Here is some information regarding common questions home buyers have regarding mortgages and the mortgage process.
- Mortgage Pre-Qualification or Mortgage Pre-Approval, What’s the Difference?
- What is an Interest Only Mortgage?
- Should I lock in a mortgage rate?
- What are points on a mortgage?
- Can I get a 100% mortgage to buy a home with no down payment?
- What is a Jumbo Loan?
- Mortgage closing costs
- The Truth about Mortgage Rate Quotes
If you have any other questions, please feel free to email us and we will attempt to answer you question
Suggestions for our Mortgage Center
Your feedback is very important to us. Please provide us with any ideas or request for mortgage calculators, tools or any other information you would like to see and we will do our best to provide it for you. |
