Where do I get a mortgage?” is probably one of the most common questions asked by first-time homebuyers. However, getting a mortgage doesn’t have to be difficult. Below is some information to help you get started.

Understanding Mortgages

A mortgage is a loan that helps you purchase a home. This loan is secured by your home, which means that the lender can foreclose on the home if you are unable to make the payments. Each month, you will make payments toward the loan that contain a portion of the principal, interest, home insurance and property tax you owe. The amount of your payment will depend on the amount of each of these expenses, as well as the loan’s term.

Who Provides Mortgages?

Mortgages are available from banks, credit unions and mortgage lenders. You can apply for mortgage loans in person, online or over the phone.


Although optional, prequalifying for a mortgage will help you as you search for a new home. During this part of the process, you provide the lender with some basic information about your finances so that the lender can calculate how much you can afford to borrow. You will then receive a document stating that you have been prequalified for a mortgage. This document will strengthen any offers you decide to make on homes when you start shopping.

The Application Process

The first step in actually securing a mortgage is to fill out an application. On this application, you will provide information about your income, the other debts you owe, the purchase price of your home, the amount of money you have available for your downpayment and your current assets. The lender will use this information to determine how much you can afford to borrow. The lender will also pull your credit report at this time.

So Where Do I Get a Mortgage? – Choosing the Right Lender

With so many lenders to choose from, making a selection can be difficult. Here at Starboard Financial, we offer competitive interest rates and a variety of loan products to meet the needs of various borrowers. Contact us today to learn more.