Home Buying 101

Home Buying 101

The links below can help provide you with critical information about the home buying process and what to expect at each stage. The purpose of this page is to point you in the right direction to get more information relevant to you. Much of this is geared towards first-time buyers; however, many of the sections are applicable to everyone.

This is a “buffet style” page which means you pick and choose the topics that are relevant to you. Other pages (like the home loan process) are “sequential” which means you start at the beginning and the website will walk you through the process, step by step.

Home Buying 101

MortgageMark.com has a few cornerstone pages that provide a wealth of information. Not all are applicable to everyone. Here’s a breakdown of the pages along with quick overviews that will help you determine which are applicable to you.

Home Loan Basics

Home Loan Basics

The home loan process has three stages and the first stage is qualifying for a mortgage . The first (semi-unofficial) step in the "qualifying for a mortgage" page is doing your homework. This page the result of thousands of introductory phone calls w...

Home Loan Process Overview

Home Loan Process Overview

The home loan process consists of three stages. The first stage is qualifying for a mortgage . It involves doing homework and getting pre-approved for a home loan. The second stage (assuming it's not a refinance) is house hunting . It involves selecting ...


Closing Costs Overview

Closing Costs Overview

This page outlines the estimated closing costs for purchases, refinances, and new construction loans. The term "closing costs" when used by the layman typically means the amount of money due at closing. However, the money due at closing is comprised...

Construction Home Loans

Construction Home Loans

remodel means to change the structure or form. Rehab means to restore, repair VA Remodel   HBFS Home Fixer $5,000.  Up to $10k with exceptions.   FHA 203k 203kS FHA home loans can be used to purchase or refinance. ...


Mortgage Down Payments

Mortgage Down Payments

So you're buying a home and trying to determine how much you should put for a mortgage down payment. Below are the basic down-payment guidelines for various loans programs, AND a few of our opinions about how much you should (or shouldn't) put down...


Do's and Don'ts of Home Loans

Do's and Don'ts of Home Loans

We'll be honest, we mostly have "DON'Ts" for the home loan process .  These are some of the most common reasons for undue stress and "rough" closings in the mortgage loan process . To be clear, we're not saying you can't do any of these things. ...
Mortgage Insurance Overview

Mortgage Insurance Overview

Mortgage Insurance (MI) protects the lender against losses if a borrower defaults on their home loan. (i.e. MI makes sure the lender's get their money if the homeowner goes into foreclosure). Mortgage Insurance, PMI, MIP, and Funding Fees are all the...