Buying Your New Home
Did you know that banks only did about 32% of the mortgages that were approved in 2020? That’s right. Most home buyers did not get their mortgage from a bank. They worked with a non-bank lender, like a mortgage broker (that’s us) or an online lender.
When buying your new home, you should take a few hours to learn about the Pre-Approval process, mortgage insurance and the costs and benefits of loans like FHA and Conventional, and also take a look at FICO scores and how your score determines the price you pay for your loan. Relying on a loan officer who is paid a commission isn’t the same as learning these concepts for yourself.
The educational videos below are free for everyone because I believe that quality advice belongs to every Texas family, not just those who can afford to pay a wealth manager or financial planner. Take the time. Invest in yourself. Learn the details of buying your new home.
Mortgage On A Mission is a mortgage broker, one of about 10,000 brokers nationwide who consult home buyers (and owners) on the best lender offer for their needs. Unlike retail banks, we have access to a variety of lenders, each with slightly different loan types and offers for you. While banks may deny you with a FICO score under 640, we are able to assist you if you have a 580 FICO or higher (for a 3.5% down payment FHA loan). We can also coach you on improving your credit, too. We are paid by our lenders, with no fee from you. Today about 20% of mortgages go through a broker, saving home owners time when comparing lender offers, and often saving money by finding lower rates and fees.
Mortgage On A Mission is a member of the Association of Independent Mortgage Experts and the National Association of Mortgage Brokers. We are accredited with the Better Business Bureau and believe in helping the public know the quality of service they can expect upfront. Our analysis of mortgage bond data, which helps us give our clients better advice, is provided by Mortgage News Daily. We do not charge an application fee and are paid only if we successfully complete your loan. We supported the Texas Homeless Network in 2020 and 2021. In 2022 we will be helping Texas schools create new learning gardens for children, on a first-come first-served basis, starting first with elementary schools in Dallas ISD, Fort Worth ISD, and Houston ISD. We appreciate your referrals of friends and neighbors!