fbpx
Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

 

What is a mortgage?

A mortgage is a loan from a financial institution such as Homeowners Financial Group to be used by a borrower to finance the purchase of a property.  Mortgages help those with stable income and adequate credit history to purchase a home by bridging the gap between the available down payment and the purchase price of the property. Mortgages called refinances can help you access some of the equity in a property already owned. If renovations or repairs are needed, such as the addition of a new bedroom or upgrading the kitchen, a refinance could be a great option to help you attain the money needed to complete the project. In all cases, the financial institution lending designates the property as collateral (security for repayment) until the full loan has been paid off.

Typically a borrower will make monthly payments on the principal of the mortgage, interest, and any taxes. Paying off the principal builds equity or the amount of money that the homeowner has gained on the home.

 

What is a Licensed Mortgage Professional?

A Licensed Mortgage Professional provides expert analysis of mortgage products after reviewing your financial needs and ability to repay the home loan.  They also assist you in obtaining the mortgage by gathering the financial documents needed and preparing them for review for final loan approval.  You can learn more about who’s who in the home loan process here.

 

Working with HFG

There are various types of mortgages and mortgage products available which can be overwhelming and why we would love the opportunity to work with you.  To learn more, please contact one of our Licensed Mortgage Professionals at a branch near you.

How can we help?