What is a Mortgage?

A mortgage is a loan secured by a lien on your home.

Do I need a down payment?

No. But, the amount of your mortgage is typically the purchase price of the home minus your down payment.

When searching for a mortgage, it's important to understand the details of the payment terms. You will want to consider the interest rate, the length of the loan, the initial fees and points on the loan, and how property insurance and real-estate taxes are paid.

For Personalized Mortgage Guidance & up-to-the-minute Rate Information, contact:

Vestell Wright

Integrated Capital Mortgage

512.328.7727

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