Our 30-Year or 15-Year Fixed Rates Are Low & Our Process is Quick & Painless
The traditional 30-year or condensed 15-year fixed-rate mortgages have a constant interest rate and monthly payments that never change. This may be a good choice if you plan to stay in your home for seven years or longer. If you plan to move within seven years, then stable-rate loans are usually cheaper.
We're here to make the home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our FREE QUALIFIER TOOL
We'll help you clearly see differences between loan programs, allowing you to choose the right one for you whether you’re a first-time home buyer or a seasoned investor.
The 30-Year Fixed Rate Mortgage Loan Process
Here’s how our home loan process works:
To qualify for a mortgage, lenders typically require that you have a debt-to-income ratio of “28/36.”
This means that no more than 28% of your total monthly income (from all sources, before taxes) can go toward housing, and no more than 36% of your monthly income can go toward your total monthly debt (including your mortgage payment).
EMB Mortgage Group, a Division of ProMortgages LLC
141 Prosperous Place, Suite 25, Lexington, KY 40509
EMB Mortgage Group, a Division of ProMortgages, LLC NMLS 2071, is an Equal Housing Lender.
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