A mortgage is a type of loan that helps you buy a home when you don’t have (or don’t want to use) all the cash upfront. When you take out a mortgage, a lender gives you most of the money you need to buy your home today. In return, you agree to pay it back over time through monthly payments. Those payments usually include a bit of interest, which is the lender’s way of making money on the loan.

Think of it like auto financing—when you buy a car with a loan, you own the car and make monthly payments. A mortgage works the same way, but for your home. And just like with a car loan, if the loan doesn’t get paid as agreed, the lender can eventually take back the home (called foreclosure).

It’s all about the interest. That’s the cost of borrowing, and it allows lenders to profit from the loan. Mortgage interest is a big topic, and it can feel a little confusing at first—but that’s exactly why I’m here. As a mortgage professional, I’ll help you understand your loan options, interest rates, monthly payments, and how it all fits into your financial picture. I’m here to guide you through every step—so you feel informed, confident, and in control.

The interest rates you see advertised by different lenders are often based on other factors that you don’t see, like the cost of discount points. That makes it hard to do an apples-to-apples comparison based on interest rates alone. This is where the annual percentage rate (APR) comes in.

Step 1. Create your account
E Mortgage Capital is a full-service mortgage company that offers extensive options for home loans and refinancing solutions with quick round-the-clock and affordable rates.

Step 2. Determine your mortgage eligibility
We will guide you through the evaluation process without any conditions, and which documents you must submit to calculate your eligibility.

Step 3. Get a Personalized Home Loan
After we evaluate your profile, assets, income, and provided you are eligible to apply, we will provide you with a tailor-made home loan within 14 days.

A down payment is a type of payment, often in cash, made in the early stages of a purchase of a home. Our down payments can be as low as 3% depending on the type of loan (except for the VA Loans – Veterans only), with a 0% down payment required.

Down Payment Assistance (DPA) programs help homebuyers with the funds needed for a down payment and closing costs—two of the biggest hurdles to homeownership.

Debt-to-income ratio (DTI) is a percentage that compares your total monthly debt payments to your gross monthly income. It essentially shows how much of your income goes towards repaying debt. A higher DTI indicates that a larger portion of your income is allocated to debt, potentially leaving less for other expenses and savings.

Front-end DTI: Examines how much of your gross income goes toward housing costs, including mortgage payments, property taxes and homeowners insurance.

Back-end DTI: Compares your gross income to all monthly debt payments, including housing, credit cards, auto loans, student loans and any other type of debt.

Mortgage closing costs are fees and expenses you pay when you secure a loan for your home, beyond the down payment. These costs are generally 3 to 5 percent of the loan amount and may include title insurance, attorney fees, appraisals, taxes and more.

Closing costs are typically 3% – 6% of the loan amount. This means that if you take out a mortgage worth $200,000, you can expect to add closing costs of about $6,000 – $12,000 to your total cost. Closing costs don’t include your down payment, but you may be able to negotiate them. Just be aware that your negotiating power can depend heavily on the type of market you find yourself in (like a buyer’s or seller’s market).

The Department of Veterans Affairs (VA) makes buying a home more affordable for Veterans, service members, and surviving spouses who qualify. Even better—you can use your VA loan entitlement again to refinance your current home or buy a new one. There are no limits on the number of times you can get a VA loan.

The VA Funding Fee is a one-time fee paid to the Department of Veterans Affairs. While most Veterans pay 2.15%, this fee ranges from 0.5% to 3.3%, depending on the loan type, whether you've used a VA loan before or have a down payment greater than 5%.

The U.S. Department of Veterans Affairs (VA) doesn't set a specific VA loan credit score requirement. Lenders, however, can set their own minimum VA loan requirements. Most require at least a 620 score, but some go as low as 500.

If you refinance your current mortgage please note your credit score (officially known as the FICO score) can be affected. This is because you are adding a new loan to an existing one. Nevertheless, this effect is usually only temporary.

We currently offer our originators a seat on Calyx point to use any industry-standard loan origination software. EMC is transitioning to ARIVE and many of our loan officers have already adopted it as their LOS.

VA loan limits determine how much a Veteran with reduced entitlement can borrow before needing to factor in a down payment. VA loan limits vary by county and currently range from $806,500 to $1,209,750.

Surviving spouses of Veterans may be eligible for VA-backed home loans if their spouse died in service, from a service-connected disability, or was rated totally disabled prior to death; eligibility generally requires the spouse to remain unmarried, though exceptions exist for those who remarried after age 57 and on or after December 16, 2003 . To apply, the surviving spouse must obtain a Certificate of Eligibility (COE) and meet the lender's credit and income requirements.