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getting
started

WHAT CAN YOU AFFORD?


calculate how much home you can afford with the amount that you can pay each month

view loan comparison calc


 Apply Now: click to start app


SayPlanning Notes
understanding debt ratios

SayPlanning Notes
check your credit report
Enter the amount you want to pay per month: $
Enter the number of months to repay: months
Enter your estimated home mortgage loan rate (APR): %
Enter the amount of your down payment (excluding the amount needed for closing costs): $
*  
Mortgage Loan Amount to Borrow: $
Amount of Down Payment: $
Total Home Purchasing Amount: $
start your
application

3 Simple Steps

Define your goals

Request a quote

Review your offer

 

IN PARTNERSHIP WITH CREDIT.com: 3 SIMPLE STEPS


to submit your home mortgage application to multiple lenders for review and best offer —
(for information and lender list)

Let's start with Step 1: Define Your Goals

Define Your Goals
State the property is located in:
 Requested loan type:
Property value:
 Current mortgage balance:
Type of Property:
Are You A Homeowner?
How would you classify your credit rating?  
Requested loan amount:
 
view credit.com terms and conditions
type mortgage
loans

TYPES OF HOME MORTGAGE LOANS


home mortgage association

  1. Conventional 30-Yr and 15-Yr Fixed


    type product: home equity loan — view how this product might work for you

  2. Adjustable Rate Mortgages ARMs


    type product: home equity line — view how this product might work for you

  3. Hybrid Adjustable and Fixed Loans


    type product: home equity loan — view how this product might work for you

  4. Zero Down Mortgages


    type product: home equity line — view how this product might work for you

  5. Home Construction Loan


    type product: home equity line — view how this product might work for you

  6. Government Backed Loans


    type product: home equity loan — view how this product might work for you

  7. All Other Type Mortgage Loans


    type product: home equity loan — view how this product might work for you

home mortgage
rates

NEGOTIATING STEPS FOR BEST RATE


bullet points on negotiating your best rate and term — includes:

  • shop local rates
  • email rate reminders
  • about points

— from our affiliated site: PickMyMortgage.com

WHAT YOU NEED TO KNOW ABOUT HOME BUYING


home ownership guides from our affiliated site SayPlanning.com

SayPlanning Notes: home buying guide

SayPlanning Notes: home construction guide

SayPlanning Notes: home selling guide
home mortgage
steps

STEP 1: Start with a Good Credit Report


Your credit report can be a factor in a lending institution's decision to approve or decline your mortgage application. Applicants with a good credit report will be in a stronger position to negotiate rate and terms.
see our affiliate site at PickMyMortgage.com for more information

STEP 2: Calculate How Much House You Can Afford


You need analyze how much house you can afford before blindly submitting an application with too high of an amount.
see our affiliate site at PickMyMortgage.com for more information

STEP 3: Understand the True Cost of a Mortgage


Additional monthly costs such as real estate taxes, hazardous insurance, and other home ownership related fees can add to your total monthly payment and reduce the amount of home your can afford.
see our affiliate site at PickMyMortgage.com for more information

STEP 4: Analyze Your Capacity to Repay


Your capacity to repay the mortgage loan is a key factor that lending institutions use to qualify you for a mortgage loan.
see our affiliate site at PickMyMortgage.com for more information

STEP 5: How Much Do You Have for Your Down Payment and Closing


How much of a down payment do you have? Most lenders require at least 5% of the home purchase price (unless you qualify for government sponsored programs).
see our affiliate site at PickMyMortgage.com for more information

STEP 6: Adding Up the Numbers


Now let's add up the numbers. This will help figure what parameters you need to change to fit within your budget and income ratios.
see our affiliate site at PickMyMortgage.com for more information

STEP 7: Pre-Qualify for a Mortgage Loan


Ask at least one lender to pre-qualify you for a mortgage. There is no obligation on you to obtain a loan from that lender, nor does it obligate the lender to provide a mortgage loan.
see our affiliate site at PickMyMortgage.com for more information

STEP 8: Understand the Mortgage Lending Business


We have a number of important notes that will familiarize you on the mortgage lending business:
see our affiliate site at PickMyMortgage.com for more information

STEP 9: Understand the Mortgage Lending Business


There are fixed rate loans, adjustable loans, special financing loans, and a number of variations.
we have notes above on each one of them.

STEP 10: Shop Mortgage Lending Rates


Search rates and view negotiating steps for best rate and term. Also review notes on points.
see home mortgage rates

STEP 11: Submit Your Mortgage Application


At this stage, you are ready to submit your mortgage application with the confidence to negotiate best product and terms.
see our home mortgage network

STEP 12: Understand the Mortgage Lending Business


Once you have compared lenders, seek out 1-2 lenders of your choice and negotiate rate, points, and closing costs. Use the terms of one lender to negotiate with the another lender.
see our affiliate site at PickMyMortgage.com for more information
managing
your money

LOWER YOUR MONTHLY BILLS


online guide for reducing housing, food, recreation and other monthly costs view lower bills

TIPS ON INCREASING YOUR MONEY


online tips to increase your income including in-the-home business opportunities view income tips


SayPlanning Notes: developing a personal budget

SayPlanning Notes: preventing ID theft
home mortgage
tools

Notes: check your credit report

Notes: home market valuation and comparison

Notes: loan amortization tables

Notes: financing discussion forum


Notes: calculate your debt-to-income ratio

Notes: more mortgage financing calculators

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member of the SayLending.com financial network
all rights reserved

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Credit.com has teamed up with lenders and brokers that offer services in the following states: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming

* Calculations are based upon the assumptions you entered. Please note that rounding errors can make a small difference in calculations. Your actual mortgage lending rate may vary depending on your credit quality and lender. The circumstances surrounding your credit and loan qualifications may result in different calculations