What is a mortgage?

A mortgage is a loan that you take out to purchase your home. Similar to buying a car, the mortgage amount you are able to obtain will depend on the value of the home as well as your own financial situation.

There are several mortgage options for first-time homebuyers or even returning homebuyers that allow you to put less money down. Other mortgage options could require more money down, but you have more flexibility on other things such as your credit profile. When you apply for a mortgage, your lender will typically review your application and discuss the best options available with you. If you are looking to purchase, get started here

Related Articles

Mar 28, 2023

Turned down for a mortgage but have the assets & meet the requirements? Read this.

Getting approved for a mortgage can be complicated, especially if a borrower doesn’t fit the typical profile for a mortgage…
Mar 23, 2023

Everything you need to know about non-QM loans to reach your homeownership dreams

Thinking about a non-QM loan? You're not alone. The current interest rate climate is fostering a rise in the popularity…
Mar 9, 2023

Crypto Investors Brace for Crackdown? Here’s what you should do

According to coverage in the Wall Street Journal, “the walls are closing in around crypto.” (The link is here, but…
Feb 7, 2023

Defy Mortgage Appoints Michael Rogan as Chief Operating Officer

February 7, 2023 – Nashville, Tenn. – Defy Mortgage, a national mortgage lender offering unique lending solutions for borrowers with…
Feb 1, 2023

What and who qualifies you for a loan?

When it comes to taking out a mortgage, many borrowers are looking at how to begin, including who qualifies them…
Jan 18, 2023

Top Mortgage FAQs. You have mortgage questions, Defy Mortgage has the answers.

Buying a home is the largest investment many Americans will make, and, especially for first-time homebuyers, this process will raise…
Jan 10, 2023

Defy Mortgage Created to Disrupt Traditional Mortgage Lending Norms

January 10, 2023 – Nashville, Tenn. – Defy Mortgage, a national mortgage lender offering unique lending solutions for responsible borrowers…
Jan 4, 2023

Mortgages for Entrepreneurs

Unlike W2 employees, who may show their paystubs as proof of income to obtain a mortgage, entrepreneurs have a more…