Mortgage Resources

Undoubtedly, We Provide All The Resources You Need

Welcome to our Mortgage Resources page, designed to help you navigate the mortgage process with confidence. Here, you’ll find valuable tools like our mortgage calculator to estimate your monthly payments, as well as a detailed FAQ section to answer common questions, and links to our blog for expert tips and insights. At Edge Mortgage, Inc., we’re committed to making home financing as straightforward as possible. So, whether you’re a first-time buyer or looking to refinance, these resources will give you the knowledge you need every step of the way.

THE POWER OF a calculator

Wondering what your monthly payment could be?

Try our mortgage calculator.

Disclaimer: Results from this calculator are designed for comparative purposes only, and accuracy is not guaranteed. Please contact Edge Mortgage, Inc. for a complete quote.

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When you want to know what your home is worth in today’s market, our tools make it easy. That is why, we’ve added Homebot as part of our mortgage resources. Homebot gives you a personalized monthly report that tracks your home’s value, equity, and even potential refinance or investment opportunities. Even if you’re not planning to move right now, staying informed can help you make smarter financial decisions down the road. Plus, if anything changes or you have questions, we’re always here to help you make sense of it all. So fill out the information and get customized results specifically for you and your home.

Popular Questions

We make it a priority to listen and answer all your questions.

Mortgage brokers research a variety of loan options from multiple lenders and find the best mortgage for your financial situation.

1. Application 

2. Credit ordered

3. Documentation requested and reviewed

4. Preapproval given if qualified

5. Loan submitted to lender

6. Disclosures issued

7. Submitted to underwriting

8. Appraisal ordered

9. Additional documentation gathered

10. Final loan approval

11. Clear to close

12. Loan closed and funded

Mortgage points, also known as discount points, are fees a home buyer pays directly to the lender in exchange for a reduced interest rate. This is also called “buying down the rate.” 

1 point = 1 percent of your mortgage ($1,000 for every $100,000)

It’s really not all about your income.  How much a potential borrower makes is important, but it’s not the only factor considered when getting approved.  Credit score, work history, and loan type are just a few other factors to consider.

This will vary by loan program and various factors.

Conventional – as low as 3%

FHA – as low as 3.5%

VA – as lows as 0%

USDA – as low as 0%

1. When you can reduce your interest rate 

2. When you can eliminate mortgage insurance

3. When you can shorten the length of your loan

4. When you can use your equity for home improvements or to consolidate debt

1. Apply for a credit card: Opening a revolving line of credit is a great first step towards building a credit profile.

2. Become an authorized user: Get added to a parent or partner’s established revolving account.

3. Create a positive payment history: Put a small balance on your new card.  Keep the usage below 50% and make your payments on time.

–Information provided by CIC Credit

1. Fix errors on your credit report

2. Stay below your credit limit

3. Tackle past-due bills

4. Pay down revolving account balances

5. Limit how often you apply for new accounts

“2023 is expected to bring some changes as well; all 3 credit bureaus stated that in the first half of next year they will no longer be reporting any medical debt with balances of $500 or less. While these bureau level changes only apply to medical collection debt, it is still a huge win for loan originators and borrower’s alike!”

We don’t typically have to include medical debt in our debt to income ratio, but they do hurt credit scores  So this is wonderful news for home buyers! 

– Information provided by CIC Credit

When a credit report is pulled and does not provide a monthly payment for the student loan, or if the credit report shows $0 as the monthly payment, the lender must determine the qualifying monthly payment.  This will depend on the loan program you are using.

Browse Our Informative Blogs Now: Your Go-To Mortgage Resource for Expert Advice

When it comes to choosing a mortgage broker, you want more than just a low rate. You want someone who’s truly in your corner. Undoubtedly, that’s why working with Edge Mortgage, Inc. makes all the difference. From the very beginning, we take time to understand your goals, not just push paperwork. As a result, you get a loan that fits your life—not the other way around. Additionally, we offer clear, easy-to-use mortgage resources to help you feel informed every step of the way. Whether you’re buying, refinancing, or simply exploring your options, we’re here to guide you. Above all, we believe in honest communication, fast service, and making sure you never feel lost in the process. Because at the end of the day, your success is our priority. It’s important to realize that working with Edge Mortgage, Inc. is one of the best home buying decisions you can make.

Finally, we hope these mortgage resources help you feel more informed and confident as you navigate your home financing journey. Whether you’re crunching numbers, exploring your options, or just starting to ask questions, having the right tools makes all the difference. As always, if you’re ready to take the next step or just need some extra guidance, we’re here to help. So, reach out anytime, and let’s figure out what’s best for you, together.