Mortgages as we know them are a relatively recent innovation. As recently as the 1930s, people couldn’t get a mortgage unless they “knew someone” in the business and could put at least 50 percent down — and they had to pay off the balance in three to five years! Not surprisingly, most Americans were renters.

Today, an astonishingly wide array of financing programs makes it possible for the majority of Americans to buy homes. From this page, you can find detailed information about how the mortgage process works, definitions of common terms, and several calculators that will help you determine how a mortgage might fit into your personal financial circumstances.

Call a Total Mortgage expert now at 877-868-2503 to find out how we can customize a mortgage for you.