Before securing financing for a property, it is important to be familiar with a few mortgage basics: The loan process, types of loan programs available, common mortgage terms, and factors affecting your loan, such as credit. Much of this information also applies to refinancing.
This section contains mortgage education information that will help you better understand the basics. However, you should still consult an experienced mortgage professional when you have questions or need advice or should you need someone to explain refinancing a mortgage.
Below are links to simple, clear explanations that can aid in making your mortgage experience a smooth one.
The Lending Process
Credit Basics
Types of Loans
Common Terms
Metrocities Mortgage, LLC, located at 15301 Ventura Blvd., Suite D300, Sherman Oaks, CA 91403, is a Delaware limited liability company licensed by the California Department of Corporations under CRMLA. Arizona Mortgage Banker License #BK0903027; Georgia Residential Mortgage License #16984; Illinois Residential Mortgage Licensee #6424; Kansas Supervised Loan License #2002-4365; Massachusetts Mortgage Lender License #MC2011; Mississippi Supervised Mortgage Company; New Hampshire First Mortgage Banker/Broker License 8728-MBB; Licensed Banker-New Jersey Department of Banking #9932415; New York licensed mortgage banker; Pennsylvania Department of Banking #1740; Rhode Island Licensed Lender #20021343LL. This is not an offer to enter into a rate lock agreement under Minnesota law. Information is subject to change without notice. This is not an offer for extension of credit or a commitment to lend.