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.
So, are you feeling overwhelmed by mortgage lingo? Check out these common mortgage terms.
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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
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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
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Jessica Eddy
Keri is by far the best loan officer I have ever done business with. So friendly and helpful and she worked hard to get us the best deal possible. She was always just a quick call, text or email away and walked us through ever step in the process. You can't go wrong with the Edge Mortgage team!Posted on Google
Isaiah MercadoWorking with Keri at Edge Mortgage was a fantastic experience. She was very informative and extremely responsive throughout the purchase of my home. Highly recommend!Posted on Google
Dan ColePosted on Google
Molly WirthAbove & beyond every time! I can honestly say EXCEPTIONAL service, always answers my calls/emails immediately. She is the very best to work with.Posted on Google
Nicholas DunaganWorking with Keri was an absolute pleasure. She worked hard to get me the best rate and was highly knowledgeable regarding my VA home loan. She was highly responsive and answered all my questions throughout the process. I highly recommend Keri and the team at Edge Mortgage.Posted on Google
Nate VondyPosted on Google
Will TaylorKeri and her team took the bad situation we were in and worked their magic, they got us what I think is the best outcome possible.Posted on Google
Shane ZemanFirst I would like to thank Keri and her staff at edge mortgage inc. Home buying can be stressful and exhausting. Now that being said, Keri and her staff have been very helpful on getting me and my wife through this stressful time in the lending process. Keri was very nice and helpful getting everything together and keeping us informed on everything we needed on all documents to help get us approved. The closing process was very quick as Keri was very efficient and responsive to everything involved in the closing process. I highly recommend edge mortgage inc.Posted on Google
Drew SwansonAbsolutely fantastic place to work with. Keri and her team are top notch. No one I would recommend more. I go to edge mortgage for all of my properties.Posted on Google
Brian KirkKeri at Edge Mortgage was great to work with. She clearly explained the whole process and worked to find us the best rate possible that met our needs. Keri was available to answer all of our questions and kept us informed of the status of our loan.
Your Go-To Team for Trusted Mortgage Resources
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.
When You Have Questions, We Have Answers
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.