You can get lost in the shuffle at many of the bigger online lenders or even at your local bank. You can even meet the loan processor on your file too!

As mortgage brokers, we will be able to shop your rate with a number of different lenders so that you can get the lowest rate possible. See how low our rates are compared to your current lender or bank.

Don’t settle for a lender whose high rates are going to cost you more over the life of the loan. Contact one of our Uptown Mortgage professionals and get pre-qualified today!

Getting You The Right Mortgage

Low Mortgage Rates

Experienced Professionals

Your Mortgage Broker

Home Mortgage Tips You Really Need To Know About

Almost everyone needs help with the home mortgage process the first time they buy a house. There are many small details that are involved in the amount of money and time you need to pay off your home. Keep reading for home mortgage advice that will prepare you for what lies ahead.

Avoid getting into new debts while you are getting a home mortgage loan. When your consumer debt is low, you will qualify for a higher mortgage loan. When you have a lot of debt, you’ll likely not be approved for a mortgage at all. More debt can also lead to an increase in your mortgage rate, which you would rather avoid.

New rules of the Affordable Refinance Program for homes may make it possible for you to get a new mortgage, whether you owe more on home than it is valued at or not. These new programs make it a lot easier for homeowners to refinance their mortgage. Look into it and see how it can benefit your situation, by leading to lower mortgage payments and a better credit position.

Regardless of where you are in the home buying process, stay in touch with your lender. While some folks lose hope when things go awry, smart ones take action to negotiate new terms. You can find out which options may be available for you by calling your mortgage holder.

Don’t go charging up a storm while you are waiting for your mortgage to close. Your credit score and reports are likely to get checked again in the final few days before finalization, and if there’s a spike in new activity, the lender might change their mind. When your mortgage contract has been signed, then you can begin shopping for furnishings and other necessities.

Get your financial documents in order. Many lenders require these documents. Gather your most recent tax returns, W-2 forms, monthly bank statements and your last two pay stubs. Having these documents ready will ensure a faster and smoother process.

Plan out a budget that has you paying just 30% or less of the income you make on a mortgage loan. If you accept a loan for more for that and you find yourself in a tight spot in the future, you can bring about a financial catastrophe. When you ensure that you can handle your mortgage payments easily, it helps you from getting in over your head financially.

The value of your property may have increased or decreased since you got your original loan. Meanwhile, you may not see any significant changes in your home, your bank may see things that can change your home’s value, often resulting in a declined application.

Get all your financial papers together before you ever see your mortgage lender. Your lender is going to require income statements, bank records and documentation of all financial assets. Making sure this information is organized and available is sure to make the process run much more smoothly.

Before you sign up to get a refinanced mortgage, you should get a full disclosure given to you in writing. The items included should state closing costs and all fees involved that you must pay. Though most lenders are up front about their charges, others tend to disguise fees so that you do not notice.

Ask your friends for advice about getting a home mortgage. You might get some really good advice. They may have a negative experience they learned from. The more people that you talk to, the more that you will learn.

If you are having troubles with your mortgage, get some help. Look into counseling if you are having trouble keeping up with your payments. Counseling agencies are available to you wherever you may live and many are sponsored by HUD. With the help of HUD-approved counselors, you can get free counseling for foreclosure-prevention. To find a counselor in your area, check the HUD website or call them yourself.

Learn about the various types of home mortgage that are available. There are a wide variety of loans that are available. If you know about the various types and can compare them to each other, you will have an easier time choosing the best mortgage for your own situation. Speak with your lender about the different types of mortgage programs that are out there.

Look into the background of your mortgage lender before you sign on the dotted line. Do not just assume your lender is totally trustworthy. Do a little investigating. Look online. Check the company’s Better Business Bureau rating. You should start this process armed with enough information so you can save money.

Do your best to pay extra toward the principal of your mortgage each month. This helps you pay the mortgage off faster. For example, if you pay a hundred bucks every month and that goes towards the loan’s principal, it could make the loan last 10 years less.

Create a savings account and put some money into it ahead of a mortgage application. You need to show cash reserves available for your closing costs, your down payment and other related expenses. Of course, the more you can put down, the better the terms of your mortgage will be.

If you already are aware of the fact that your credit is bad, you should take the initiative and work on saving a large down payment when applying for your mortgage. People with decent credit aim for 3-5% down, but you should probably try to save twenty percent.

Get your credit report in order before you apply for a mortgage loan. In today’s tight market, lender want borrowers with clean credit histories. Lenders need to know you will pay what you owe. Before you apply for a loan, assure your credit looks good.

It is key that everyone who is trying to get a mortgage understands how the process works. When you understand every aspect of getting a home mortgage, you will ensure that you are not scammed. Use these tips to help you navigate the murky waters of the mortgage world.