With Fast Mortgage® by Divito Lending, our faster, simpler and totally online way to get a mortgage, you can quickly see how much you can afford and customize your mortgage options.
Not comfortable starting online? Answer a few questions, and we’ll have a Home Loan Expert call you.
Every day for the past 30 years, we’ve helped Americans just like you all across the country buy their first home. Contact us today to see how we can help.
Start with how much you want to spend each month on housing. Most budgets call for earmarking 28% of your post-tax income for house payments, including your homeowners insurance and property tax. For example, if your annual income after taxes is $60,000, 28% of that is $16,800, or $1,400 per month. However, every situation is different. Maybe you have costs in your monthly budget that affect your bottom line, such as childcare, car payments, or student loans – the important thing is to find a monthly payment that you’re comfortable with.
Talk to a Home Loan Expert or use our mortgage calculator to calculate your monthly payment using today’s mortgage rates.
Based on where you live and what kind of policy you want, your property taxes and homeowners insurance can vary widely. You can usually get a quick estimate on homeowners insurance by visiting a provider’s website – try getting a few quotes to find a competitive price. To see what kind of taxes you might pay, you can ask your real estate agent to help you research the tax rate in the areas where you’re house hunting, or you can visit the county tax assessor’s website to find public records of taxes on homes in the neighborhoods where you want to live. Many states also provide a property tax estimator online.
If you’re thinking about buying a home, there are a number of factors that can help you decide if now is the right time. Are mortgage rates low? Are you planning to live in the same city for the next five or more years? Are rents rising in your city? Do you want to customize your home? If the answer to most of these questions is “yes,” then buying a home is a good option for you. Check out this article for a deeper look at the pros and cons of buying a home versus renting.
Buying a home can be scary – check out these inspiring stories of homeownership to see how you can #BeBrave, too.
Mortgage closing costs, also known as settlement costs, are fees charged for services that must be performed to process and close your loan application. Examples of mortgage closing costs include title fees, recording fees, appraisal fees, credit report fees, pest inspection, attorney’s fees, taxes and surveying fees. The closing cost of a loan will vary depending on your geographic location.
Lenders are required by law to provide you with two documents – the Loan Estimate and the Closing Disclosure – which outline your closing costs and help you avoid surprises at the closing table. For more information regarding the loan process through Divito Lending, call +1 (800) 286-3235 to talk with a Home Loan Expert today.