Mortgage Information & Resources
Find helpful information on how to get a mortgage
Learn how to receive the right financing for your new or existing home so you can pay less on what you borrow, while securing attractive loan rates and flexible features. Whether you’re getting a mortgage and plan to stay in your home for the foreseeable future, think you may move within a few years or want to consider refinancing your current property, there are a variety of mortgage loans that may be the best fit for your unique situation.
Consult our helpful mortgage information resources and find everything you need to know about financing a home. When you have the answers you need and are confident in your decision, get a mortgage with Nationwide Bank® by beginning our simple mortgage application process.
Check out additional answers to your questions about getting a mortgage
From fixed to adjustable rate mortgages to jumbo loans, discover the mortgage information you need to determine what borrowing option may be right for you.
Mortgage information and FAQ
Find answers to frequently asked questions before getting a mortgage, so you can make an informed decision when preparing to purchase your home.
- Determine if you’re ready to buy
- Know your credit score
- Compare loan options
- Research and know your lender
- Apply for a mortgage
Follow these easy tips to get a mortgage and a great deal:
Take the time to research and prepare for your loan now, and you will enjoy the benefits of your smart borrowing decisions for years to come.
Determine if you’re ready
Understanding if you’re ready for homeownership is not always simple – there are many factors you need to take into consideration. Owning a home allows you to build equity, which you can borrow against to finance large expenses such as college tuition or home improvements. However, with homeownership also comes responsibility.
- Do you have a stable income so that you can afford your monthly house payments?
- Are you prepared for unexpected home repairs?
- Do you plan on living in the home for several years so you break even on your mortgage?
If you answered yes to the above questions and you’ve put a lot of thought into your decision, the next step before you get a mortgage is to take a look at your credit score.
Know your credit score
Your credit score plays a major part in determining what interest rate
you receive when getting a mortgage. The higher your credit score, the
lower (and better) your interest rate will likely be. A lower interest
rate means lower monthly payments so you can pay less on what you borrow.
It’s a good idea to review your credit score with the three major credit
bureaus (Equifax, TransUnion and Experian). Verify that your credit
history is accurately reporting credit card and loan payments or other
If you have some time before you apply to get a mortgage, use it to improve your credit score. This can be done by paying off debt, or if you have not built up much credit, consider getting a new credit card, make your payments on time and pay your balance in full.
Compare loan options
Research the different types of loans and options available before getting a mortgage and see how you can find one that best suits your individual needs, taking your down payment amount, income level and long-term financial outlook into account.
Apply for a mortgage
Now that you know how to get a mortgage, all you have to do is to submit a mortgage application. Once you’re approved, carefully review the terms and conditions of your home loan program with your lender. You’ll receive a good-faith estimate of your closing costs, along with a Home Buyer’s Guide to Settlement Costs and a Truth-in-Lending Disclosure that contains the terms of your loan.
Once you complete Nationwide Bank’s online application, we’ll personally contact you via phone to verify the mortgage-related information you submitted, assess the property’s market value and determine if you’re approved for the loan.
Begin the Nationwide Bank mortgage application process online now!
Additional Nationwide Bank mortgage information
Review mortgage information about our products to help you find a mortgage loan program that’s right for you.
For additional mortgage information, contact a Nationwide Bank Mortgage Representative at 1-877-636-0598.
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