If you’re not familiar with the vocabulary of mortgages, it may seem like loan officers are speaking another language when they discuss your loan options. This section will prepare you for the important conversations you will have when it’s time to choose your mortgage.
There’s no doubt that mortgages are complex, but they don’t have to be confusing. At Loanwise, we aim to change the common conception that getting a home loan means sore eyes, aching heads, and mountains of incomprehensible paperwork. We strive to make the mortgage process fast, simple and stress-free. Our specialists will gladly answer your questions in as much detail as you need, but if you’re not ready to reach out just yet, you’ll likely find what you’re looking for right here in these learning pages.
There are many elements that make up a mortgage. All these financial concepts may seem daunting at first, but with the resources in this Learning Center and the guidance of our Loanwise specialists, you’ll understand enough to make the best decisions for your finances and your future.
The application process for a mortgage allows a lender to collect all the information they need to decide whether or not to approve a home loan. The lender has to be confident that loaning the money for the mortgage is an acceptably safe investment.
Are you curious about Loanwise, concerned about the application process, or confused about costs? Here we have collected simple, direct answers to many of the most common questions our loan originators have been asked.