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:
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.