Articles | Best Mortgage Lenders

The listings featured on this site are from companies from which this site receives compensation. This influences where, how and in what order such listings appear on this site.

Advertising Disclosure

The Best Home Equity Lenders in 2021

June 06, 2021

Own your own home? In need of cash to pay for a renovation, medical expenses, college tuition, or some other major expense? You may be able to use a home equity loan or home equity line of credit (HELOC) to tap into your equity to access funds.

The Best Lenders for First-Time Buyers in 2021

June 03, 2021

Being a first-time home buyer is about more than just becoming a home owner for the first time. Qualified first-time buyers may be eligible for conventional low down payment loans such as the Fannie Mae HomeReady and Freddie Mac Home Possible loan programs, government-backed low down payment loans such as the FHA loan, and zero down payment loans such as the VA loan for veterans and service people.

The Best VA Mortgage Lenders in 2021

April 27, 2021

More than 25 million VA loans have been issued since the program was established in 1944, including more than one million in 2020. If you’re a service member, veteran, or surviving spouse who meets the VA’s eligibility rules, then the VA loan program could be the mortgage for you. A VA loan requires no down payment and no private mortgage insurance, giving it a clear advantage over alternatives like conventional loans and FHA loans.

Guide to Zero and Low Down Payment Mortgages

April 25, 2021

They say a house is the biggest purchase you’ll ever make, but the truth is you don’t actually need much money to buy one. That’s all thanks to low down payment mortgages, which allow most people to qualify for a mortgage with as little as 3% down payment (and zero down payment in some cases).

Refinance Rates and Costs: Everything You Need to Know

April 22, 2021

For many homeowners, a major incentive of refinancing is the potential to lower the interest rate and monthly payments on their mortgage.

Comparing 15-Year Mortgages vs. 30-Year Mortgages

April 21, 2021

When applying for a mortgage, there are few more important decisions you’ll need to make than your repayment term. A repayment term, also known as loan term or loan duration, determines how long you have to pay off the loan. Mortgage repayment terms generally range from 10-30 years, and the most common are 15-year mortgages and 30-year mortgages.

No Closing Cost Mortgages Explained

April 20, 2021

While searching for mortgage lenders, you may have come across the intriguing term “no closing cost mortgage”, also known as a “zero closing cost mortgage”. In this article, we’ll explain the meaning of a no closing cost mortgage and give you the tools to decide if it’s right for you. But before explaining the meaning of a no closing cost mortgage, we first have to understand the concept of closing costs.

Complete Guide to Home Equity Loans and HELOCs in 2021

April 19, 2021

Owning your own home has many advantages, one of which is the leverage it gives you when you need to finance a major expense like a home improvement or debt consolidation. While non-homeowners are restricted to paying 10-20% interest for a personal loan, homeowners have the option of borrowing at 3-7% with a home equity loan in 2021.

10 Factors To Consider When Comparing Mortgage Lenders in 2021

April 18, 2021

This is undoubtedly the year of the borrower. Interest rates are still at record lows across all types of loans in 2021 following the Federal Reserve’s emergency COVID-19 rate cuts last year. The mortgage lending market remains as competitive as ever, with more than 5,500 banks, credit unions, and other lenders fighting for borrowers’ attention.

Credit Score: Key to Getting the Best Mortgage Interest Rates in 2021

April 12, 2021

Lenders take numerous factors into account when assessing mortgage applications, but the most important factor of all is personal credit scores. Your credit score is an indicator of your ability to pay back your loan, hence why lenders look at it closely before deciding whether to approve or reject you and whether to offer you a low or high-interest rate.

How to Decide if Now is the Right Time to Refinance Your Mortgage

April 04, 2021

With interest rates near record lows, now must be a good time to refinance your mortgage, right? For many people, this is a great time to refinance, but in some circumstances, it might not be a good idea. There are many factors to consider when thinking about refinancing, so keep reading for the full breakdown.

Complete Guide to Mortgage Loan Products in 2021

March 31, 2021

Searching for a mortgage is like searching for a home – they come in all shapes and sizes. When buying a home, people usually think about which area they want to buy and how much they’re willing to spend before approaching real estate agents. The same goes for mortgages: first, you need to know which type of mortgage you prefer before going shopping for a mortgage lender.

The 7-Step Checklist for First-Time Home Buyers

March 29, 2021

Buying your first home can be an exciting but daunting process. After years of renting or living in the family home, you’re finally ready to become a homeowner. But where do you start? Read on for our checklist of the seven key steps to buying and financing your first home purchase.

How Long Can Mortgage Rates Stay Near Historical Lows?

March 22, 2021

It may be hard to believe, but mortgages are almost the cheapest they have been at any time in American history. The average 30-year fixed-rate mortgage stood at 3.13% at the start of April 2021, and while this is a slight increase from the low of 2.65% recorded on January 6, it is actually lower than at any other time in history before the coronavirus hit in early 2020. In fact, mortgage rates never went below 5% until the global financial crisis in 2007-09 and double-digit rates were fairly common in the 1970s, ‘80s and early ‘90s.

Best Mortgage Loans Companies

Amerisave

Better

Quicken Loans

LoanDepot

New American Funding

About Us

Advertising Disclosure

By using our content, products & services you agree to our Terms of Use and Privacy Policy.

Do Not "Sell" My Info

Designed to help users make confident decisions online, this website contains information about a wide range of products and services. Certain details, including but not limited to prices and special offers, are provided to us directly from our partners and are dynamic and subject to change at any time without prior notice. Though based on meticulous research, the information we share does not constitute legal or professional advice or forecast, and should not be treated as such.

Reproduction in whole or in part is strictly prohibited.