We look forward to putting our mortgage services to work for you!



We know the mortgage loan application process inside and out - which means we know what causes applicants difficulties as well as what remedies are needed to eliminate them! We have developed an online application process that is effective, highly informative, and most importantly, convenient. Together with the assistance of an experienced loan officer guiding you through the often overwhelming process of choosing the exact loan to meet your specific needs, is easier than ever.

APPLYING FOR A LOAN?


Our online application process makes the process stress-free and enjoyable!

 

Getting Started

Quick Mortgage 101 / PRMG is here to help you make your dream of homeownership a reality; it all begins with our online stress-free mortgage application.

Buying or refinancing a home does not have to be stressful, we have taken out the stress and replaced it with joy- at PRMG the mortgage application process is joyful!

The best way to start the process is to gather all your financial documents, for the borrower and co-borrower, speak to your Mortgage Loan Originator and complete the online mortgage application. Additional documents may be needed later in the process.
+20

Years of
experience


+4000

Customers
served


 

Getting Started

Quick Mortgage 101 / PRMG is here to help you make your dream of homeownership a reality; it all begins with our online stress-free mortgage application.

Buying or refinancing a home does not have to be stressful, we have taken out the stress and replaced it with joy- at PRMG the mortgage application process is joyful!

The best way to start the process is to gather all your financial documents, for the borrower and co-borrower, speak to your Mortgage Loan Originator and complete the online mortgage application. Additional documents may be needed later in the process.
+20

Years of
experience


+1670

Customers
served



Frequently asked questions


Find answers to frequently asked questions home loan. See the most common topics and more.
1Should I refinance?
Refinancing might be a good idea if it lowers your monthly payment, reduces the loan term or provides a lower interest rate. A Quick Mortgage 101 / PRMG loan officer can help you decide if refinancing will help you accomplish one or more of those goals. Just like a regular mortgage, refinancing requires a credit check, an appraisal, and in many cases, paying closing costs or rolling them into the new loan amount.
2When should I refinance?
It’s generally a good time to refinance when mortgage rates are 2% lower than the current rate on your loan. It may be a viable option even if the interest rate difference is only 1% ...
3Should I Get an Adjustable- or Fixed-Rate Loan?
The answer to this mortgage question mostly comes down to your finances and personal preferences. You may like the predictable payments of fixed-rate loans, or you may prefer to take a gamble and see if your payment amounts decrease after a specific period of time with an adjustable-rate mortgage. If you know you’ll be in your home for several years, a fixed-rate loan may be the way to go.
4How long until my loan closes?
Of course, you want to know what your target closing and move-in dates are so you can make preparations. And just as important: Ask what you should avoid doing in the meantime — like buying new furniture on credit and other loan-busting behavior.
5How Do You Qualify for a Loan?
Qualifying for a home loan may not be as easy as it used to be, but it’s nowhere near impossible. While different loan types (conventional, government-insured) have other qualifications, any borrower must meet some basic qualifying factors to be considered for a home loan (unless you plan to apply as a veteran).

Debt-to-Income Ratio
On average, lenders like to see a DTI of 45-50% or less of your gross income, with a maximum back end DTI ratio of 43%. This figure is the maximum DTI ratio lenders feel borrowers can pay without getting into hot water.

Stable Income
Lenders generally prefer to see that you’ve maintained a stable income for at least two years.

Credit Score
The absolute minimum accepted credit score is 500. However, this will come with a higher interest rate. For a lower rate, try increasing your credit score to at least 580.

Down Payment
Many times a down payment amount you’ll be expected to pay is at least 3% for a conventional loan and 3.5% for an FHA loan

Possibilities