PURCHASE
Quick Application
Complete a online quick application.
Total Mortgage Payment
A good first step in the mortgage process is to determine a monthly mortgage payment that will fit into your current budget.
Your Initial Meeting with a Mortgage Professional
Find out what information you will need to prepare for your first meeting.
After Completing the Application
Find out more about what happens next in the approval process.
Two Key Factors in Qualifying
See what lenders really look at when considering you for a loan.
Speed Up the Mortgage Process
Discover how you can shorten the time until closing.
Escrow Account Basics
Mortgage escrow accounts are special accounts set up in which money is held to pay taxes and insurance.
Mortgage Terminology
All the mortgage-related terms you need to know from A to Z.
Economic Terms
Use this primer to better understand economic terminology.
Real Estate Transaction Forms
Mortgage Application, Good Faith Estimate, Truth in Lending and other pdf documents.
Request Loan Status
Request the status of your loan application.
REFINANCE
Quick Application
Complete a online quick application.
Build Home Equity Faster
Many borrowers use a refinance to shorten the term of the mortgage.
Get Your Hands on Some Cash
Another way to make a refinance work for you is to refinance for more than the balance remaining on your old mortgage -- in effect, tapping your home equity, or "cashing out," in mortgage speak.
Trade Your ARM for a Fixed Rate
By switching to a fixed rate loan, you will not only reduce your payment, you will also likely lock in an attractive rate for as long as you own your home.
Mortgage Refinance Costs
When you refinance your mortgage, you usually pay off your original mortgage and sign a new loan. With a new loan, you again pay most of the same costs you paid to get your original mortgage.
Analyze Your Savings
Check the market closely to determine the available rates and the costs associated with refinancing. These costs can include items such as an appraisal and other various fees and points.
Paying Points for a Lower Rate
In refinancing, a mortgage company usually offers a range of interest rates at different amounts of points.
Your Personal Income Taxes
With a lower interest rate on your home loan, you will have less interest to deduct on your income tax return. That, of course, may increase your tax payments and decrease the total savings you might obtain from a new, lower interest mortgage.
Consider Other Mortgage Programs
If you are thinking about refinancing your mortgage, you might want to consider other types of mortgages. For example, you might want to look into a 15-year fixed rate mortgage.
Deciding to Refinance
Traditionally, the decision on whether or not to refinance has meant balancing the savings of a lower monthly payment against the costs of refinancing.
Refinance Once Then Do It Again
When rates fall steadily, refinancing may make sense even if you have done so once already.
Refinance Considerations
Considerations you should look at when deciding to refinance.