Have Questions About Mortgages

Have Questions About Mortgages

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The Easiest Way to Get A Mortgage In The World, Yet More than 95% of People Who Tried it SUCCEEDS, Why?

Thinking about getting a mortgage naturally prompts tons of questions. Don’t feel bad if it seems like there is a lot you don’t know. 

Let’s get something straight, right out of the gate: Becoming a Homeowner is for EVERYONE.


A mortgage, or mortgage loan, is a legal agreement where a lender offers money to a borrower to purchase real estate in exchange for interest.

Are you looking for the best deal possible for your home loan? If so, you should get multiple offersfrom several lenders in a matter of minutes. Why minutes? Mortgage interest rates change constantly because they are affected by the prices of bonds and mortgage-backed securities (MBS), which are bought and sold like stocks.

When comparing mortgage programs, you should get the same information from each lender.  

  • Interest rate

  • Duration of interest rate (Does it adjust? When? By how much?)

  • Loan term (15-year, 30-year, etc.)

  • Lender fees and 3rd party charges

  • APR

  • Features like interest-only payments or prepayment penalties

  • Mortgage insurance or funding fees.

Buying a home is one of the BIGGEST purchase decisions you’ll ever make. But getting a mortgage loan doesn’t have to be difficult. Whether this is your first time applying for a home loan, or you’re buying a vacation home or investment property, you want to be prepared. 


  • How much can I really afford?

  • The importance of your credit score

  • Can I get a better interest rate?

  • Is an FHA loan right for me? 

How do I qualify for a loan?

Everyone is different. But it’s easy to find out what your personal home loan and mortgage rate parameters are. Lenders focus on these 5 things:

  1. Credit Score

  2. Household income

  3. Job History

  4. Cash reserves

  5. Down payment amount

How do I shop for a home loan?

Here’s how: if you take a look around the internet you’d notice that more than 63% of home buyers are applying for a home loan online.

Due to current mortgage rates constantly changing, the first home loan you’re offered may not be the best one. That’s why it really pays to shop around.


Home Mortgage Consultant
NMLSR ID 1410557

Wells Fargo Home Mortgage | 1525 W WT HARRIS BLVD | CHARLOTTE, NC 28262
MAC D1109-029
Tel 704-593-2739 Ext. 42739 | Cell 704-343-1863 | Fax 866-537-4093

[email protected]
 | www.wfhm.com/trevor-higgins

Pam Fender Headshot
Phone: 585-746-1477
Dated: April 24th 2018
Views: 57
About Pam: ...

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10130 Perimeter Parkway Suite 200
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