Understanding the Mortgage Process

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Mortgage 101



Let's face it, the mortgage is the most important item in buying a home. Without the mortgage there is no home. Mortgages can be very confusing .


The most important part is getting your Pre-qualification letter and Pre-approval letter. Without these letters sellers are not going to take you seriously. I have also blogged about down payments in the past and have added a Mortgage page to my website that covers Types of Mortgages and Down Payments. One of the most crucial items that affect your mortgage is your credit score. Your credit score affects the rate you get with your mortgage. When filling out your loan application there is a lot to understand. You will find a Loan Application Checklist on my website to help you with the mortgage process.


Be careful when looking online for a lender. There are a lot of scammers out there. The Consumer Financial Protection Bureau (CFPB) has a great brochure to help you look into your lender. The National Mortgage Licensing System (NMLS) has a government’s lender licensing database. Go over all costs with your mortgage lender that will be on your mortgage payment. Ask about PMI: Private Mortgage Insurance. 

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