What is a Fixed-Rate Mortgage? A fixed-rate mortgage simply means the home loan has a set rate for the entire term of the loan. The most common fixed-rate mortgages are 15-year and 30-year loans, and while both of their interest [...]
Direct Mortgage Loans has been awarded Top Workplaces USA 2023! This award celebrates nationally recognized companies that have prioritized a people-centered culture and are based entirely on anonymous feedback from employee engagement surveys. We’re excited to share that we have [...]
Processor, Kyle Jager began his journey in the mortgage industry eight years ago. When asked what he enjoys most about working in the industry he states, “I love helping people achieve their goal of homeownership. Having been through the mortgage [...]
The real estate market can be a minefield of terminology, but one key phrase that potential homeowners should familiarize themselves with is the “mortgage rate buy down.” This strategy offers an effective way to reduce the cost of your monthly [...]
Branch Manager, Ron Steele of The Chesapeake Team of Direct Mortgage Loans started his journey in the mortgage industry 30 years ago. What he loves most about this line of work is that it allows him to help others achieve [...]
How much can I borrow for a mortgage based on my income? Your ability to obtain a loan for a new home purchase is based on several factors. Lenders typically make lending decisions based on three key ratios: Loan-to-value ratio [...]
Compliance Administrator, Christal Bailey, has been in the mortgage industry for seven years. What she loves most about the industry is that “It’s always changing, and there is always something new to learn. It’s a wonderful feeling knowing in some [...]
Whether you have just started the mortgage process or are making plans to buy a home, be cautious of some common mortgage scams. Avoid getting swindled, and minimize your risk during the mortgage process by educating yourself on the topics [...]
Sr. Loan Officer, Brent Moreland started his journey in the mortgage industry almost seven years ago at Direct Mortgage Loans. When asked what he loves most about the industry he states, “Having the opportunity to help people get into their dream [...]
Starting your journey as a first time home buyer can be intimidating, especially if you’re new to the process or not sure where to start. Working with a mortgage expert will ensure you understand the process and feel confident every [...]
