What Is A Mortgage Loan?

A Mortgage is a document that gives a lender an interest in real property. It provides the lender assurances that you'll honor your promise to repay the money you've borrowed. Your promise to repay is found in the written instrument known as the Note. Together, a Mortgage and Note are often simply referred to as a mortgage loan.

Mortgage loans come in many different shapes and sizes, all with their own advantages and disadvantages. It is important to learn about all the mortgage loan options available, so you can select the one that's right for you, your financial situation and your personal goals.

Wilson Lending Group offers Fixed-Rate Mortgage Loans for individuals interested in refinance or purchasing a new home. We deal with hundreds of lenders to get you the best rate possible.

• Fixed-Rate Mortgage Loans
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  Fixed-rate mortgages offer predictable monthly principal and interest payments throughout the life of the loan and give protection from rising interest rates. They work well for those with a fixed or slowly-increasing income and have a lower tolerance for financial risk. Fixed-rate mortgages are generally well-suited for borrowers who plan to stay in their home for a longer period of time. Fixed-rate mortgages are often considered more conservative and can give you the security of knowing your monthly principal and interest payment will not change over the life of your loan.
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• Mortgage Loans – FHA and Conventional

  Now may be the perfect time to buy a new home or refinance a current one. If you're looking for a refinancing option with flexible guidelines that may allow more applicants to qualify, call us now for a free mortgage loan review. Learn more about Federally Insured Home Loans through the Federal Housing Administration by clicking here - FHA loan.