Mortgage Basics

Foundation to mortgages.

Lesson 1: Mortgages

What is a mortgage? It’s a loan for the purpose of buying property that needs to be repaid over a fixed number of years. Mortgages are secured by property. There are different types of mortgages that depend on the requirements of the lender and the needs of the borrower.

Mortgages Dissected


Different lenders and programs have various requirements that you must meet to qualify for a mortgage. These usually include credit, income, employment, and assets – as well as certain standards for the property in question.


Closing Costs

Mortgage Basic FAQs

Why Choose Old Town Lending

You have many lending options; however, you owe it to yourself to learn why
Old Town Lending may be the better option.


Customer Service

Never left wondering. Receive concierge-level service from application to pre-qualification to closing of escrow. Empowering you is our goal.


Rapid Response

Don't let that perfect home slip away. You need a pre-approval and loan right away, and you have came to the right place. We are real estate brokers too, we understand.


Save Money

Mortgage brokers have access to wholesale rates, which are much cheaper than retail bank rates, ultimately meaning a lower monthly mortgage payment.


Personal & Local

No longer are you just a number lost in the shuffle of big banks. Located in your home state, you will be guided each step of the way.


Right Fit from the Start

With our endless lending programs, we will find the right loan and best terms for you. Think of it as a completely customizable experience.


Experience You'd Expect

When working with a broker in real estate and mortgage, you are sure to receive a well-rounded client-centered experience you'd come to expect.

Helping You Buy on Your Own Terms

You owe it to your self to explore our hassle-free mortgage options at low and affordable rates.