Welcome to Mortgage Xpress

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How do I determine the level of house I can afford?

Usually, individuals and families purchase homes that are two to three times a household’s annual income. Keeping this in mind, the level of money that can be borrowed is contingent on a multitude of factors including history of employment, levels of debt, your credit, and how much you can afford for a down payment on your house. Many programs are offered to those who are purchasing homes for the very first time. Mortgage Xpress can help you determine the perfect mortgage for the perfect house.

How will I know which mortgage is the right one for me?

Since there is no “one size fits all” answer to this question, it is important to consider a few things such as how long you are planning to live in a certain house and where you are currently with your finances. Our job is to help you look at every option there is and determine which one makes the most sense for you.

What exactly does a mortgage entail?

Mortgages are usually split into three separate parts: principal, interest, and taxes & insurance. Your principal is essentially your repayment to the amount of money you borrowed to purchase the house. Your interest is the amount of money you owe to whom you borrowed the money from. The taxes & insurance you owe are fees that are paid to your insurance company and local government.