How much down payment do I need?

Down payment requirements vary by loan program. Some options allow as little as 3% down — and VA or USDA loans can require 0%. A larger down payment can reduce monthly payments and eliminate mortgage insurance. We’ll help you understand what’s possible, and what’s smart.

What’s the ideal debt-to-income (DTI) ratio to qualify?

Most lenders prefer your DTI under 43%, meaning your monthly debts are less than 43% of your gross income. But strong credit, assets, or compensating factors can allow for exceptions. We'll help you find the best-fit path based on your full financial picture.

How long does the mortgage process take?

On average, purchases close in 21–30 days, and refinances may be faster. With the right preparation, we've closed loans in as little as 4 days. We'll give you a realistic timeline and help you move swiftly.

What’s the difference between pre-qualification and pre-approval?

Pre-qualification is a quick estimate based on unverified info. Pre-approval means a lender has reviewed your credit, income, and assets. Sellers take pre-approvals more seriously — they show you're fully vetted and ready to go.

What factors determine my interest rate?

Your rate is influenced by credit score, loan-to-value ratio, income stability, loan amount, type of loan, and documentation. Even your state and property type can affect pricing. We’ll help you understand your options and lock at the right time.

What’s the difference between a cash-out and rate/term refinance?

A rate/term refinance replaces your current loan to get a better rate or term. A cash-out refinance lets you take equity out as cash at closing. You’ll typically see a slightly higher rate on cash-out loans — we’ll compare both so you can decide.

Does refinancing reduce my mortgage interest tax deduction?

Yes — when you pay less interest, there’s less to deduct. But your real-world savings usually far outweigh any tax loss. If your main goal is a bigger deduction, we could always refinance you into a higher rate 😉 (Just kidding. Kind of.)

Doesn’t refinancing mean ‘starting over’?

Only if you want it to. You can keep making your current payment and pay your new loan off even faster. This simple trick can save you tens of thousands in long-term interest.

Is getting a mortgage harder when you’re self-employed?

It’s different — not harder. We just need to document your income differently. That could mean tax returns, P&Ls, bank statements, or even asset-based options. We work with lots of business owners — and we tailor the path to you.

I’m worried about paperwork—how much do I need to provide?

Not as much as you might think. We’ve streamlined the process — most docs are uploaded securely online. We also offer reduced-documentation loans when applicable. No fax machines, no chaos — we guide you step-by-step.

Can I get a mortgage if I’m self-employed or an investor?

Absolutely. We specialize in investor and business-owner lending. Depending on your profile, we can use rental income, bank statements, or asset qualifiers. You’ll get financing tailored to how you actually earn — not just W-2 assumptions.

What is a “no cost” loan?

It means no points, no lender fees, and no fees rolled into your loan. You’ll still pay your regular costs like taxes and insurance, but a lender credit covers your closing fees. This structure is great when you want to save cash upfront.

How do mortgage brokers like Solidify get paid?

We’re paid directly by the lender through a pre-set compensation plan. It doesn’t change based on the loan you choose, your rate, or your loan amount. That means you get transparency — and we’re fully aligned with your best interest.

Is mortgage interest front-loaded?

Nope — this is one of the biggest mortgage myths. You pay more interest early on simply because your loan balance is higher, not because it’s “loaded” upfront. As your balance drops, so does your interest portion.

Services - Solidify Mortgage Advisors

Services

Home Purchase Loans

Ready to buy your next home? Get pre-approved with Solidify Mortgage Advisors fast, and start house shopping with confidence. You might even be approved for more than you think!

We’ll help match you with the perfect loan program, introduce you to the best people to help, and give you a personal loan advisor to be with you every step of the way to a fantastic closing.

Home Refinance Loans

Start saving on house payments, and free up extra cash each month to spend, invest, or spoil your loved ones with. Or, cut years off your current pace and save tens of thousands. It’s your choice!

Even a small drop in your interest rate could produce massive savings. Chat with a Solidify Mortgage Advisor today, and together you’ll find the perfect mortgage plan to meet your needs today, and for the future.

You’ll love our No Cost* loan offerings and streamlined refinancing options!

*No cost means all loan origination related fees will still be disclosed to you, but you will receive a lender credit which offsets them. Closing costs related to inspections, interest, transfer taxes, property taxes, insurance, and lock extensions are not considered loan origination fees and thus will not be offset by the credit.

Cash Out Loans

Need more cash? We’ve got you covered!

Smart cash out loans can put the equity you’ve earned to work to pay off debt faster, accelerate investments, invest in your children’s’ education, cover emergencies, and find new potential tax benefits.

Ask about your cash out and debt consolidation options today, and get expert insights that will solidify your financial position, and launch you toward the solid foundation and lifestyle you really want.

Home Equity Loans & Lines

Protect and leverage your home equity intelligently with a smart fixed rate home equity loan, or flexible home equity line of credit (HELOC).

These can be one of the most beneficial financial tools you can get your hands on, if used well. Our expert mortgage advisors are standing by to guide you to the best moves for your individual situation and goals.

Get in touch and elevate your finances and future today….

Services

Home Purchase Loans

Home Refinance Loans

Cash Out Loans

Home Equity Loans & Lines

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