FAQs about Home Mortgages

How do I apply for home mortgages?

By filling out our free, short application, you can apply for multiple quotes on home mortgages from major lenders. Just click “apply now” anywhere on our site, take a few minutes to fill out our application, and you will get a minimum of four quotes on home mortgages.

Is this a mortgage lender site?

We are not a mortgage lender. We simply connect our customers with lenders who can provide them with high-value, low-cost quotes on home mortgages. Our function is to serve as a free referral service.

Are there home mortgages for people with bad credit?

Having a less-than-perfect credit history doesn’t necessarily disqualify you from home mortgages altogether. Today more than ever, more and more lenders are willing to work with customers with credit challenges to find a home mortgage that is a good fit. In fact, a new type of mortgage, called the subprime mortgage, has evolved to cater to credit-challenged customers. Typically, customers with credit challenges will pay higher interest rates or will need to put down a larger down payment than other customers.

What kinds of home mortgages do you offer?

We can offer you whatever kind of home mortgages you’re looking for, whether fixed-rate, ARM, or subprime mortgages. We deal with some of the biggest home mortgage lenders in the industry, so you will have a good selection of products from which to choose.

Should I go with an adjustable-rate or fixed-rate mortgage

This largely depends on your comfort level with changing interest rates and payments. If you value a consistent monthly payment and a fixed interest rate, then a fixed-rate mortgage can give you that security. However, if you are comfortable with changing rates and payments, an adjustable-rate mortgage (ARM) can offer initial interest rates that are much lower than those of fixed-rate mortgages. If you expect interest rates to decrease in the future, an ARM might be a good idea. If interest rates are expected to rise, on the other hand, locking in a fixed-rate mortgage now might be the better decision.

How big of a down payment should I make?

If you are eager to get your home mortgage ASAP but don’t have much money for a down payment, you can find a lender who will work with you. Some lenders require as little as 3-5% down payments, and some even offer 0% down payments. However, if your down payment is below 20%, you can expect to have to pay for private mortgage insurance, which will raise the total cost of the mortgage. Likewise, the lower your down payment, the more your monthly payments will be.

Have a question that we didn't answer here? Feel free to contact us.