Mortgage Center

One of the first steps you should take when planning to purchase a new home is to contact a mortgage bank. It's always a good idea to start with your personal bank or credit union (if you have one) and see what they can offer you. (You can also use the mortgage calculator provided here.)

If you don't have a bank with which you'd like to work, or you'd like some recommendations, please contact me for additional information. I can refer you to one of several mortgage officers with whom I've worked.

Even before you start looking into a mortgage, though, you might want to know what's in your credit report. Your credit report and score will have a substantial impact on the type of loan program(s) for which you are eligible.

Under the FACT (Fair and Accurate Credit Transactions) Act of 2003, all consumers are entitled to receive one free copy of their credit report annually. To obtain your free report, call 877-FACTACT (877-322-8228) or go to http://www.annualcreditreport.com to request a copy.

You can also request a copy of your credit report, usually for a small fee, from any of the three major credit reporting bureaus: Equifax, Experian, or TransUnion.

Many mortgage professionals will work with you if you have less-than-perfect credit, or errors, to find ways to correct or improve your credit score. You can also see Motley Fool's section on credit reports for advice on how to correct errors and repair or improve your credit report and score.

Mortgage Calculator

Please use this calculator for informational purposes only. To obtain an offer or approval for a mortgage, please contact your mortgage professional.