End-to-End Mortgage Support For 1st and 2nd Generation Immigrants
Get personalized, expert support from pre-approval to closing, with tailored loan options and seamless guidance every step of the way.
Why Choose Mortgauged?
At Mortgauged, we understand that choosing the right mortgage partner is crucial to achieving your homeownership dreams
Dedicated Loan Specialists
Protected and Secure information
Quick response from our team
No Commitment; No Obligation
What Our Clients say.
We drive results that simplify the mortgage process. Read whow we’ve helped hundreds of clients overcome challenges when acquiring mortgage.
Frequently asked questions
Understand our services by going through the frequently asked questions on our services.
Our hours of operation are Monday to Friday, 9:00 AM EST to 6:00 PM EST. Saturdays and Sundays 9:00 AM EST to 4:00 PM EST. If you need assistance outside these hours, feel free to contact us via email or leave a message, and we’ll get back to you as soon as possible.
A mortgage is a loan provided by a lender to help you purchase a home. You agree to repay the loan, plus interest, over a set period (usually 15 to 30 years). The house serves as collateral, meaning the lender can take possession of it if you fail to make payments.
Yes, most lenders require a credit score to evaluate your creditworthiness. However, some programs, such as FHA loans, may have more flexible credit score requirements.
Yes, your credit score can significantly impact your mortgage terms. A higher credit score often qualifies you for lower interest rates, while a lower score might result in higher rates or limited loan options.
A fixed-rate mortgage has a constant interest rate throughout the life of the loan, providing predictable monthly payments. An adjustable-rate mortgage (ARM) starts with a fixed interest rate for a certain period, then adjusts periodically based on market conditions, which may cause your payments to increase or decrease.
Private mortgage insurance (PMI) is a type of insurance required if your down payment is less than 20% of the home’s purchase price. It protects the lender in case you default on the loan and is typically added to your monthly mortgage payment.
Pre-approval is a lender’s conditional offer stating how much they are willing to lend you based on your financial information. It helps you understand your budget and demonstrates to sellers that you’re a serious buyer.
Pre-qualification is an estimate of how much you might qualify to borrow based on the financial information you provide. It’s less formal than pre-approval and doesn’t involve a detailed review of your credit or financial history.
Yes, first-time homebuyers may qualify for special programs such as FHA loans, VA loans, or first-time homebuyer grants. These programs often offer lower down payments and more flexible credit requirements.
The mortgage approval process can take anywhere from a few days to several weeks, depending on factors such as the lender, your financial situation, and the complexity of the loan.
Your mortgage payment typically includes four components:
Principal: The amount borrowed.
Interest: The cost of borrowing the money.
Taxes: Property taxes, often escrowed and paid through your lender.
Insurance: Homeowner’s insurance and possibly PMI if required.
A mortgage co-sign means another person (usually with better financial qualifications) agrees to be responsible for your mortgage if you fail to make payments. You may need a co-signer if your credit or income doesn’t meet the lender’s requirements.
Learning center
Learn More About morgages from our Learning Center
How Long Does It Take to Discharge a Mortgage?
What is a mortgage contract?
Cracking the Code on Your $800,000 Mortgage Payment: A Comprehensive Guide
Are you ready to get started?
Whether you’re looking to renew your mortgage, refinance for better rates, or purchase a new home, we’re here to guide you every step of the way. Click below to start your application!