Mortgage Resources
MORTGAGE RESOURCES & support

DE-STRESS THE MORTGAGE BUYING EXPERIENCE

Consumer Guide


First Time Homebuyers

Today, more Americans than ever are buying homes, making the dream of homeownership a reality. Midland Mortgage Corporation has assembled the most important information in an easy-to-follow format to make homeownership happen for you. We take you through the entire process, but before you start, it is essential that you do some basic groundwork. Follow these steps to save time and find the perfect home for you and your family well within your budget.

 
 
Establish Your Financial
ESTABLISH YOUR FINANCIAL profile

Get a credit report and begin learning more about credit scores. There are various ways by which you may be able to rectify any problems that may exist in your credit history.

 
 
 
Develop A Realistic
DEVELOP A REALISTIC budget

Determine how much money you earn and how you spend it. Decide how much house is affordable for you.

 
 
 
Finding Your
FINDING YOUR home

Finding your home is one of the most enjoyable aspects of the home buying process, but you should follow a few preliminary steps in order to ensure efficiency.

 
 
 
Complete Pre-Qualify Online
COMPLETE PRE-QUALIFY ONLINE form

Complete our online loan inquiry form. A Midland Mortgage Corporation Mortgage Consultant will be happy to assist you in the pre-qualification process. Our Mortgage Consultant will contact you in 1-2 business days.

 
 
 
Finding Your Perfect
FINDING YOUR PERFECT home

Needs versus wants! Once you have devoted some thought to these concerns and compiled a list of your housing needs and wants, you’ll have a much better idea of the perfect house for you.

 
Buying Your Perfect
BUYING YOUR PERFECT home

Call Midland Mortgage to start completing the mortgage process today! We make it simple with our experienced and knowledgable staff.

STRUGGLING TO PAY YOUR mortgage?

Refinance

The Refinancing process:

Did you know that your monthly payments could be lowered, allowing more available funds for your personal uses? The refinancing process is similar to the one you followed when you got your first mortgage. Basically, refinancing involves paying off your existing mortgage and taking out a new one. Your new mortgage could be at a more attractive interest rate, for a different term, or an entirely different type of mortgage (such as refinancing from an adjustable rate to a fixed rate mortgage).

If it has been a few years since you got your current mortgage, some of the terminology you'll hear as you consider refinancing may be similar, but other words may be new to you. You may recognize words such as credit report, but phrases like prepayment penalties or discount points may be less familiar. As you proceed through this section, refer at any time to our glossary of mortgage- and lending-related words and phrases. It will help you when you discuss your refinancing options with Midland Mortgage Corporation.

Ask yourself several questions when considering whether to refinance. How long do you plan to stay in your home? Is the current mortgage interest rate more attractive than the one you have? How much equity do you have in your home? Midland Mortgage Corporation is happy to provide you with information about interest rates, as well as any costs associated with refinancing. Learn more about the types of loan programs offered by contacting one of our loan officers at Midland Mortgage Corporation.