The mobank Mortgage Center
Discover how easy getting a home mortgage from mobank can be. We get that buying a home can feel daunting at times. That's why we made it simple to take the first step towards home ownership at anytime with our convenient online mortgage application. With mobank’s Mortgage Center, you can:
- Apply online in about 20 minutes. Complete in one sitting or save to come back and finish at your convenience.
- Track and get interest rate alerts through RateWatch.
- Crunch numbers. Whether considering a new mortgage, refinancing, changing the length of your loan or getting cash from the equity in your house, our robust mortgage calculators will show you numerous options and easy ways to understand which loan is right for you.
Whether you're ready to purchase a new home or you’re refinancing your existing one, mobank’s here to help. You can expect personal attention throughout the entire process, with no questions left unanswered and every detail covered.
However you choose to get started with your mortgage application, Robyn or Jake will be in touch soon to discuss What to Expect.
Whether it's your first house, next house or a vacation home, we help you identify your goals and get you a loan that is exactly what you need. Perhaps it's time to refinance at a lower rate? Look to mobank's conventional mortgage to make your vision a reality.
To finance a home purchase of $417,001 or more, step up to a jumbo mortgage loan from mobank. We can structure the perfect loan for your dream home.
General Mortgage Information Click on a question to reveal the answer.
To ensure your information remains secure, (social security number, income, etc.), send us a general email to firstname.lastname@example.org requesting that we open a secure, encrypted line for communicating with you.
No, completing an application does not obligate you to a mobank mortgage. Your rate can be locked in when your application is approved and we have discussed the best rate option for you.
First-time buyers Click on a question to reveal the answer.
We all have different goals. We'll qualify your needs, finances and requirements (income and debt) to determine what you can afford and see if it fits with your comfort level. If you want to run some numbers for yourself, check out the mortgage calculator for a generic estimate.
Yes, you will need to put down at least a minimum of 5%. Every situation is different. We'll explore your capabilities and find a loan that works for you. A down payment is only one consideration. We'll also need to factor in closing costs and an escrow account for taxes and insurance.
Great question! It's hard to determine until we discuss your goals. However, there are several factors to consider:
- Length of time in the home
- Amount you can, or want, to put down
- Financing of the closing costs
- Your comfort level
Since we all have differing circumstances, we recommend that you consult your tax specialist to fully answer this question. In most cases, you can deduct the interest you pay on the loan and some of the financing costs, like points.
We've made it simple to alleviate the anxiety that can come with purchasing a home. Robyn and Jake will personally walk you through the process starting with a phone call or email. You can also move this ahead by filling out the Online Application. This will save you time and give us information that will help us determine which avenue to pursue next. Feel free to check out What to Expect to learn more about the mortgage process.
Congratulations! You have a great home AND a mortgage company that continues to work with you to answer questions that may arise after you move in. We're always here to help – contact either of us.
Robyn Frye 816.881.8246 | email@example.com
Jake Spain 816.881.8204 | firstname.lastname@example.org
Questions for Repeat Buyers Click on a question to reveal the answer.
As your living arrangements change, so do your goals. We'll revisit your goals, finances and budget and determine what you want and can afford.
Home, mountain retreat or beachside condo — as long as your second home is located at least 50 miles from your primary residence, it can be considered a second home. Since you're not using money gained from the sale of your first home, you may want to consider more money down or expect a larger monthly house payment. We'll work to find a creative and manageable solution to help you meet your dreams.
Relax – we'll make this one component in the building process that provides a sense of comfort and control. You tell us what you need, we'll look at your goals and capabilities and create a loan that works for you. If you're working with a builder; just picking out lighting, appliances, etc, a traditional mortgage will work for you. If you are the builder, you'll need a construction loan to pay the subcontractors during the building process. Questions about construction loans? Contact Robin Pierson at 816.881.8252 or email@example.com.
Questions for Refinancers Click on a question to reveal the answer.
It's different for everyone, but we'll help you determine if it’s the right time for you. Typically you want to lower your current mortgage loan rate by approximately 1 percent; however, it depends on your situation and how much you want to save. Perhaps your goals could be achieved by changing the length of your loan or receiving cash from equity in your house. Whatever your goals, we'll help find a solution that works for you.
Possibly; it comes back to your goals and your current financial situation. We'll help you figure it out.
We'll help you identify how much you need and what you can afford to use. Up to 80 percent of the appraised value of your home can be used for improvements, based on the value of the home and what you currently owe, subject to applicable laws.
Closing costs, points, appraisal valuation, credit report and escrows can apply. You may have an option of including these into the loan to reduce your out of pocket expense. We'll help you determine what solution works best for you.
Up to 80 percent loan-to-value (LTV) can be accessed with a new term and rate. A reappraisal would be required. We'll work with you to find out if this is your best option.