Motto Mortgage Partners
Your Dream. Our Expertise.
We work for you, not a bank.
That means more transparency, more options and less jargon. Service is our #1 goal and we will strive to serve you with stellar customer service from start to finish.
From first time buyers to downsizers, jumbo loan-seekers to those without a down payment saved, the Motto Mortgage network has access to a wide variety of mortgage products. Each network expert can search home loan options to fit your unique financial situation and home ownership aspirations. Visit our full website here.
Can I defer my mortgage payment under the CARES ACT?
What you need to know about the CARES Act, mortgage loan forbearance and more. Your first step is determining whether your loan is a “federally backed mortgage loan.” This guide clarifies who to contact to request forbearance (mortgage deferral) and outlines all the major players involved in your home loan.READ ARTICLE HERE
Why Motto Mortgage Partners?
Because Motto Mortgage loan experts are the full package.
Leading-edge technology for a streamlined application process
Motto Mortgage Partners loan originators use one of the best loan application systems in the business so you can apply for your mortgage loan from the comfort of your own home. Don’t want to change out of those cozy PJs? No one will ever know.
The mortgage process,
crafted just for you.
Find your local loan originator for a mortgage expert who understands your community. Stop by in person or communicate digitally for an experience tailored to you.Find Loan Originator
There are several documents that are required when you apply for a mortgage. However, every situation is unique and you may be required to provide additional documentation. So, if you are asked for more information, be cooperative and provide the information requested as soon as possible. It will help speed up the application process.
Your Mortgage Experts
Senior Loan Officer/Designated Broker NMLS# 487492 firstname.lastname@example.org Phone: (509) 444-2823Apply Now
Mortgage Loan Originator NMLS# 1958526 email@example.com Phone: (509) 720-4951Apply Now
Find Out How Much You Can Borrow
The first step in obtaining a loan is to determine how much money you can borrow. In the case of buying a home, you should determine how much home you can afford even before you begin looking. Get in touch with us and we can help you figure this out. We can also get you pre-qualified for a loan.
Select The Right Loan Program
Home loans come in many shapes and sizes. Deciding which loan makes the most sense for your financial situation and goals means understanding the benefits of each. Whether you are buying a home or refinancing, there are two basic types of home loans. Each has different reasons you'd choose them.
Close Your Loan
After your loan is approved, you are ready to sign the final loan documents. You must review the documents prior to signing and make sure that the interest rate and loan terms are what you discussed. Also, you need to verify that the name and address on the loan documents are accurate. The signing normally takes place in front of a notary public.
Fixed Rate Mortgages (FRM)
The most common type of loan option, the traditional fixed-rate mortgage includes monthly principal and interest payments which never change during the loan’s lifetime.
Adjustable Rate Mortgages (ARM)
Adjustable-rate mortgages include interest payments which shift during the loan’s term, depending on current market conditions. Typically, these loans carry a fixed-interest rate for a set period of time before adjusting.
Hybrid ARMs (3/1 ARM, 5/1 ARM, 7/1 ARM, 10/1 ARM)
Hybrid ARM mortgages combine features of both fixed-rate and adjustable rate mortgages and are also known as fixed-period ARMs.
FHA home loans are mortgages which are insured by the Federal Housing Administration (FHA), allowing borrowers to get low mortgage rates with a minimal down payment.
VA loans are mortgages guaranteed by the Department of Veteran Affairs. These loans offer military veterans exceptional benefits, including low interest rates and no down payment requirement. This program was designed to help military veterans realize the American dream of home ownership.
Interest Only Mortgages
Interest only mortgages are home loans in which borrowers make monthly payments solely toward the interest accruing on the loan, rather than the principle, for a specified period of time.
Components of an ARM
Prior to choosing a home loan, you should know the advantages and risks of adjustable-rate mortgages to make an informed, prudent decision.
Balloon mortgages include a note rate that remains fixed initially, and the principal balance becomes due at the end of the mortgage term.
Reverse Mortgages allow senior homeowners to convert a portion of their home equity into cash while still living in the home.
Graduated Payment Mortgages
Graduated Payment Mortgages are loans in which mortgage payments increase annually for a predetermined period of time (e.g. five or ten years) and becomes fixed for the remaining duration of the loan.
What kind of loan program is best for you?
Should you get a fixed-rate or adjustable rate mortgage? A conventional loan or a government loan? Deciding which mortgage product is best for you will depend largely on your unique circumstances, and there is no one correct answer.