Find the best mortgage rates

Some lenders will tell you the first step in the mortgage process is to get pre approved. Certainly, that’s an important part of the process. But we know it’s important for homebuyers to really consider their financial options before taking the leap into homeownership.

We believe the very first step in the mortgage process is to search rates. When you search for rates on the NewCastle website, you’ll see detailed information about loans you might qualify for. You can see closing costs, mortgage insurance and other monthly fees after entering in some basic information. Other mortgage websites will ask you to provide contact information when doing a digital rate search - we don’t. We think it’s important for homebuyers to see detailed information about their loan options without a catch.

Our real-time mortgage calculator asks you to provide some basic information, like your zip code, loan amount, down payment amount, and credit score. We don’t ask you divulge any private contact information in order to see real rates. Just fill out these details and hit the “search rates” button. You’ll see a variety of options in less than a minute.

Why do you need to do a rate search? Well, you need to know your options. A rate search will help you see exactly what your monthly rate would be with different loans. You’ll be able to see whether it’s best to purchase or to keep renting. You’ll be able to see exactly how much homeownership will cost you, and you’ll be able to answer the question, “Is buying a home the right thing for me to do right now?"

With NewCastle, you have the freedom to shop and compare so you are confident about your decision to buy.

We give you the freedom to shop and compare loans so you are confident about your decision to buy.

After you've entered some basic information into NewCastle's real-time rate search tool, you'll be taken to a page with a list of loans you may apply for. it will look like this:

choose-the-best-mortgage-options

You need to compare your loan options in order to make an educated decision about your mortgage. Homeownership is a big deal and so are the details that make it happen.

At this step in the process, you’ll see various loan type options. Consider whether you want a fixed-rate or adjustable rate loan. How long will it take you to pay off your home loan?

Think about your down payment. Will you be able to afford a big enough down payment for a conventional loan? Do you need to consider a government-backed loan option like an FHA loan? If you’re a first time homebuyer, you may be able to qualify for a state-assisted program (like IHDA in Illinois) that helps with down payment.

Ask yourself: “What kind of monthly payment can I afford?” “Am I willing to buy down my mortgage with points?” “What interest rate am I willing to pay?” At this point in our process, you’ll be able to see important information that will help you answer these questions.

Our loan application process makes it easy for you to be in charge the entire time, and choosing the right loan is where that really counts. We’ll provide you with the detailed information you need to be confident about your decision. And if you’re still unsure, we’re available to help you at any point.

1. Choose the best mortgage

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