The essential guide
What is mortgage?
A mortgage comparison should account for the rate, APR, closing costs, loan program, and how long you expect to keep the home or loan.
Quick path
Explore mortgageHow it works
The basic idea
Answer a few questions and connect with mortgage providers who lend in your state. Providers evaluate eligibility and set their own terms. Your goal is to compare equivalent offers, understand the complete cost, and choose only what fits comfortably within your budget.
What to compare
- Interest rate and APR
- Points and lender fees
- Estimated cash to close
- Rate-lock terms and closing timeline
When it may make sense
- The payment fits alongside taxes and insurance
- You understand the down-payment requirement
- You have room for maintenance and emergencies
Risks and watchouts
- Comparing quotes from different days
- Focusing on rate while ignoring fees
- Draining savings for the down payment
What to prepare
- Income and employment records
- Bank and asset statements
- Debt balances
- Property and down-payment details
Common questions
Is this a mortgage application?
No. This is a short questionnaire that tells us which lenders are a fit. A real application happens later, directly with the lender you pick.
How much house can I afford?
A common rule of thumb is that your total housing payment stays under about 28% of gross monthly income, but lenders look at your full debt-to-income picture. A loan officer can give you a real number quickly.
Should I refinance right now?
It depends on your current rate, how long you plan to stay, and closing costs. Refinancing usually makes sense when the monthly savings pay back the closing costs well before you would sell or refinance again.