Home Loans
My Home Buying Made Easy
MyHomeLoanMortgages.com makes buying your dream home a reality. In purchasing your new home we’ll give you mortgage options best suited for your first purchase, flexibility for your second home mortgage or a home loan that meets your
real estate investment needs.
Understand My Mortgage Options
From the outset of home buying it is critical to get the right type of mortgage to suit your needs— that's why it's so important to understand your options. Knowing the difference between a 30-year fixed rate mortgage and a 15-year interest only mortgage is valuable knowledge. Here are some important things to consider:
- Type of mortgage that best suits your goals
- Length of your mortgage
- Mortgage rate fluctuations
- Advice of a trusted mortgage expert
My Own Trusted Expert Mortgage Consultant
Make buying your next home easy, effortless, and enjoyable. Finding the right
mortgage broker can ease your home buying and selling process. Your expert personal mortgage consultant:
- Will walk you through mortgage options that best meet to your specific needs
- Tailors mortgage solutions to suit your unique goals
- Can get you pre-certified and help you stay within your financial budget
- Provides a mortgage to fit any budget from zero down, fixed, interest only, and more
- Offers competitive low mortgage interest rates
My Next Step, Easy As 1, 2, 3
Our simple and fast secure online loan process makes us one of the most innovative online mortgage sites. MyHomeLoanMortgages.com makes getting your mortgage easy! Here is how it works:
- Fill out the quick and easy mortgage rate quote application above
- Your personal expert mortgage consultant will contact you within 24 hrs
- You are on your way towards getting your mortgage
My Home Loan Options
There are many home loan choices available to you today. As the diversity of mortgage loans increase, so do the challenges in navigating through the maze to find a loan that suits your needs. These are some popular mortgage loan choices:
100 Percent Financing Loan
- No down payment required
- Home fully financed
- Difficult to qualify for, must have a credit score of more than 620
Adjustable Rate Mortgage
- Initial low interest rate
- Interest rate is lower than a fixed-rate home loan mortgage
- Low interest rate is fixed for a specified period
- After the specified fixed introductory period, the interest rate fluctuates based on market conditions
Conforming Loans
- Home loan mortgages that qualify for purchase by Freddie Mac or Fannie Mae
- The conforming home loan limits are reviewed annually by Freddie Mac or Fannie Mae and may change to echo the national mean price for single family homes
Fixed Rate Mortgage
- Most common type of mortgage loan
- Fixed interest rate for the term of the home loan
- Protects against rising interest rates
Interest Only Mortgage
- Only interest on the principal mortgage balance is paid in monthly payments for a fixed term (usually five to seven years)
- At the end of the mortgage term, you have the option of payment of lump sum balance of principal, mortgage refinance, or initiate payment of principal
Second Mortgage
- Home loan mortgage on top of existing first mortgage
- Must have home equity to receive second mortgage
- Used mainly for debt consolidation, major purchases, paying for college tuition, home improvements, and more
Subprime Mortgage
- Home mortgage loans specifically available to borrowers who don’t meet certain loan qualification thresholds
- Alternative to prime home loan financing, generally comes with higher interest rates