Your Comprehensive Mortgage Resource Center
Explore Expert Mortgage Solutions with GB Sowards
Welcome to your ultimate destination for mortgage insights, where expert advice meets user-friendly tools to guide you through every step of your home financing journey.
Unlock Your Mortgage Potential Today
Interactive Mortgage Calculators
Payment Estimator
Calculate your monthly mortgage payments with ease using our interactive payment estimator. Adjust loan amounts, interest rates, and terms to find a plan that fits your budget.
Affordability Calculator
Discover how much home you can afford with our affordability calculator. Input your income, expenses, and desired loan terms to get a clear picture of your buying power.
Refinance Savings Calculator
Evaluate potential savings from refinancing your mortgage. Compare current loan terms with new options to see how much you could save on interest and monthly payments.
Downloadable Mortgage Guides
Access our collection of comprehensive guides designed to demystify the mortgage process. From understanding loan types to navigating the refinancing landscape, our guides provide the detailed information you need to make informed decisions.
Common Mortgage Questions
What is a mortgage and how does it work?
A mortgage is a loan used to purchase a home, where the property itself serves as collateral. The borrower makes regular payments over a set period until the loan is paid off.
What are the different types of mortgages available?
There are several types of mortgages, including fixed-rate, adjustable-rate, FHA loans, VA loans, and jumbo loans, each with unique features and benefits.
How do I qualify for a mortgage?
Qualifying for a mortgage typically requires a good credit score, stable income, and a down payment. Lenders also assess your debt-to-income ratio.
What is the difference between pre-qualification and pre-approval?
Pre-qualification is an initial assessment of your borrowing potential, while pre-approval is a more detailed evaluation that involves a credit check and income verification.
How much should I save for a down payment?
While 20% is a common benchmark, some loans allow for lower down payments. It’s important to consider your financial situation and loan type.
What is private mortgage insurance (PMI)?
PMI is insurance that protects the lender if you default on your loan. It’s typically required if your down payment is less than 20% of the home’s value.
How can I improve my credit score before applying for a mortgage?
To improve your credit score, pay bills on time, reduce debt, avoid new credit inquiries, and check your credit report for errors.
What are closing costs and how much should I expect to pay?
Closing costs are fees associated with finalizing a mortgage, including appraisal, title insurance, and attorney fees. They typically range from 2% to 5% of the loan amount.
Can I refinance my mortgage and when is it a good idea?
Refinancing can lower your interest rate or monthly payments. It’s a good idea when rates drop significantly or if you need to change your loan terms.
Explore Our Video Tutorials
Client Success Stories
★★★★★
“Working with GB Sowards was a game-changer for us. Their expertise and guidance made buying our first home a seamless experience.”
Emily Johnson
First-Time Home Buyer
★★★★★
“GB Sowards helped us refinance our mortgage at a lower rate, saving us thousands over the life of our loan. Highly recommend!”
Michael Smith
Homeowner
Unlock Your Mortgage Potential Today
Ready to take the next step in your home financing journey? Contact GB Sowards for a personalized consultation and discover how our expert solutions can simplify your mortgage process. Sign up for our newsletter to stay informed with the latest mortgage tips and updates.