What is a Mortgage Loan?

A mortgage is what people use to finance the purchase of their home. Unless you have the full purchase price in cash you are going to need one of this. These loans have been instrumental in bringing joy to people by making that unaffordable house affordable. It’s important to consider as any loan, this is not free money and anyone who buys or invest in a home using a loan must understand the concept very clearly.

 

The mortgage generally covers a part of your purchase price and the remaining portion has to be paid upfront by you as a down payment. The amount that you have to pay as down payment is dependent on a number of factors and you can generally reduce it to even 5% on a conventional loan. FHA and VA loans reduce the down payment requirement on mortgage even further to 3.5% or even zero money down.

 

Whatever you borrow from the mortgage lender as real estate loan plus interest needs to be paid back to the mortgage lender over a period of time. Generally, you are required to pay back the real estate loan in the form of monthly instalments which are composed of both interest and principal portions of your real mortgage. Also, there are various types of real estate loans e.g. fixed interest rate loans and adjustable interest rate loans but we usually recommend fixed rates because no matter what happens in the market your mortgage monthly payment won’t rise.

 

When you finally decide to go forward and apply for a Mortgage you are generally going to need the following documents:

 Mortgage Documents Needed

 

This are just the main documents that are usually needed. Your lender may request other documents depending on your specific circumstances and needs. Please contact us if you need recommendations on the best lenders to apply for.

690 Properties Found. Showing 1-12
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3012 Parkway Boulevard #205
Kissimmee, FL 34747
3012 Parkway Boulevard #205 Kissimmee, FL 34747
1 of 7
$92,500
Subdivision: Blossom Park Villas A Condo
BEDS
1
BATHS
1
SQ.FT.
661
BUILT
1990
ON SITE
1Day
MLS
S5010871
well maintained 1 bed 1 bath with furniture located in high desirable community. the location is very nice. minute to I4, 5-10 minutes to Disney all 4 park. close to outlets shopping mall ,...
5725 Gatlin Avenue #325
Orlando, FL 32822
5725 Gatlin Avenue #325 Orlando, FL 32822
1 of 12
$97,800
Subdivision: Venetian Place
BEDS
1
BATHS
1
SQ.FT.
735
BUILT
1990
ON SITE
2Days
MLS
S5010838
investors excellent and renovated condo, 735 sqft located near mayor highways, beautiful accents and amazing gated community. this property s ready to go!
000 Confidential Ave.
Orlando, FL 32808
000 Confidential Ave. Orlando, FL 32808
1 of 23
$189,000
Subdivision: N/A
BEDS
3
BATHS
3
SQ.FT.
1,461
BUILT
2017
ON SITE
2Days
MLS
O5732706
3 bed 2.5 bath condo offers comfortable living in an affordable place. Westwood is a distinctive gated community, brand new with innovative floor plan. Located just west of downtown, Westwood Villas...
7891 Horse Ferry Road
Orlando, FL 32835
7891 Horse Ferry Road Orlando, FL 32835
1 of 15
$501,500
Subdivision: Westminster Landing Ph 02
BEDS
5
BATHS
3
SQ.FT.
3,457
BUILT
2001
ON SITE
2Days
MLS
O5751671
Beautiful spacious home in the gated community of Westminster Landing. Step inside to find 5 bedrooms, 3 baths, spacious kitchen with center island, breakfast bar and open to dining area, family room...
6100 Westgate Dr #203
Orlando, FL 32835
6100 Westgate Dr #203 Orlando, FL 32835
1 of 17
$114,900
Subdivision: Central Park
BEDS
1
BATHS
1
SQ.FT.
1,228
BUILT
1988
ON SITE
2Days
MLS
O5749802
Great Investment Opportunity . Gated community with lots of ammenities ! Only minutes from Valencia College,Universal Studios and Interstate 4 Income producing from day 1 .
4609 Ring Neck Road #A
Orlando, FL 32808
4609 Ring Neck Road #A Orlando, FL 32808
1 of 23
$87,000
Subdivision: Pheasant Run At Rosemont Condo Ph 02
BEDS
2
BATHS
2
SQ.FT.
960
BUILT
1983
ON SITE
2Days
MLS
O5751201
Don't miss your chance to own this updated and well maintained 2 bedroom and 2 bath condo with an open floor plan and lake front view. Surrounded by beautiful landscaping this condo has a one car...
3531 Clear Stream Drive
Orlando, FL 32822
3531 Clear Stream Drive Orlando, FL 32822
1 of 44
$279,000
Subdivision: Ventura Reserve Ph 03
BEDS
3
BATHS
2
SQ.FT.
1,384
BUILT
1996
ON SITE
2Days
MLS
O5751682
This pampered home in Ventura Country Club, features a lot up newly installed upgrades like double pane energy saving windows, newer energy saving A/C system. Newer roof, newly renovated master...
1712 Merritt Park Drive
Orlando, FL 32803
1712 Merritt Park Drive Orlando, FL 32803
1 of 24
$389,000
Subdivision: Colonial Manor
BEDS
3
BATHS
2
SQ.FT.
1,560
BUILT
1949
ON SITE
2Days
MLS
O5740595
Don't miss your chance to own this renovated Colonial Manor home mere steps away from the lovely Leu Gardens and the Audubon Park Garden District! This residence shows off its own love for outdoor...
11745 Fitzgerald Butler Road
Orlando, FL 32836
11745 Fitzgerald Butler Road Orlando, FL 32836
1 of 22
$239,900
Subdivision: Newbury Park
BEDS
4
BATHS
3
SQ.FT.
1,544
BUILT
2010
ON SITE
2Days
MLS
O5751694
**UPGRADES GALORE** **END UNIT - LOTS OF NATURAL LIGHT THROUGHOUT** **4 BEDROOMS & 3 FULL BATHS** **BED/FULL BATH COMBO ON 1ST FLOOR** **NEW LAMINATE & TILE IN LIVING AREAS** **CLEAN & MOVE-IN...
6040 Peregrine Avenue #A01
Orlando, FL 32819
6040 Peregrine Avenue #A01 Orlando, FL 32819
1 of 16
$99,000
Subdivision: Windhover Condo
BEDS
1
BATHS
1
SQ.FT.
591
BUILT
1974
ON SITE
2Days
MLS
O5751366
Orlando living at an affordable price! This beautiful 1 bed/1 bath condo is conveniently located: just a walk away from Universal; close to Turnpike, I-4, and I-Drive, and the best of Orlando...
2951 Lindale Avenue #10
Orlando, FL 32814
Open House
2951 Lindale Avenue #10 Orlando, FL 32814
1 of 50
$755,000
Subdivision: Baldwin Park
BEDS
4
BATHS
4
SQ.FT.
2,724
BUILT
2008
ON SITE
2Days
MLS
O5751684
This is a beautiful and well maintained 4 bedroom 3.5 bath single family home just waiting for the right family to enjoy all of the amenities that it has to offer. You will enjoy a large living room...
8921 Legacy Court #105
Kissimmee, FL 34747
8921 Legacy Court #105 Kissimmee, FL 34747
1 of 41
$147,999
Subdivision: Legacy Dunes Condo
BEDS
2
BATHS
1
SQ.FT.
901
BUILT
2000
ON SITE
2Days
MLS
S5010843
This Charming Ground Floor Condo is just off of Hwy 192 near many shops and restaurants and only 5 miles to Disney With Quick Access To I-4, US-27 And the Rt 429. The unit has porcelain title thru...

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