A mortgage
is a secured loan which uses your home as collateral. Of all the financial
transactions you'll ever enter into, it's one of the most complicated.
But you shouldn't worry. You've already taken the Home BuyabilityTM
Test and know how much home may be right for you. Banks want your
business and are eager to help you though the process. And in this section
of BankSITE® Online, we'll give you a tour of the mortgage
process.
You'll learn about the types of mortgages and get help deciding which
is best for you. You'll learn how to apply for a mortgage, how to calculate
your monthly payments, and how to close on your new home. We also provide
you with information to help you decide whether you should consider refinancing.
You can review all this information first, or shop for a mortgage. Our
BankSITE® Directory provides
you with information on mortgages offered by banks all around the country.
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