FAQ
Here are the answers to the most commonly asked questions about mortgage loans.How do I get mortgage loans?
You can get quotes on mortgage loans by providing your contact information on our sign-up form. Once you fill out the form, we will show you at least four quotes on home mortgages from various lenders in our network. You will be able to compare all of these offers at once and save your quotes to review at any time. If you find a mortgage loan that meets your needs, you can apply for it via the lender's website.
Do it cost anything to get quotes on your site?
No, our quotes are complete cost- and obligation-free.
Do you provide mortgage loans?
No, we do not actually provide mortgage loans to our visitors. We are an independent source of free referrals. We collaborate with many lenders to get you the right mortgage loan, but we do not actually issue them ourselves.
What kinds of mortgage loans can I get on your site?
Our lenders can offer almost any type of mortgage you need. Popular options include fixed-rate loans, adjustable-rate loans, refinancing mortgages, reverse mortgages, balloon loans, and interest-only mortgages. Whatever your needs, we can help you find a lender that can meet them.
Should I apply for a mortgage loan if I have bad credit?
You can still qualify for a mortgage loan even if you have less-than-perfect credit. However, you will be charged higher interest rates and more charges and fees. If your credit really needs some work, you might hold off on applying for a mortgage until you've made some improvements. Another option if you have bad credit is to increase the size of your down payment. This might open up more borrowing options for you and reduce the size of your monthly payments.
What is a fixed-rate mortgage loan?
A fixed-rate mortgage loan is a loan with an interest rate that stays constant. For example, if you got a 6.9% APR fixed-rate mortgage with a 30-year term, your interest rate would remain at 6.9% for the full 30 years, regardless of the behavior of market interest rates. Fixed-rate loans are a good idea when you expect interest rates to rise in the future.
What is an adjustable-rate mortgage loan?
Adjustable-rate mortgage loans have an interest rate that fluctuates according to market conditions. Typically, your interest rate will reset or "adjust" every six months to a year. This will impact the size of your monthly payments. Some adjustable-rate hybrid loans come with an initial fixed-rate period that lasts anywhere from three to ten years. Adjustable-rate home loans area a good idea when you expect interest rates to decline in the future.