Get A Mortgage

Mortgages have too many variables for online calculators to be accurate.

Find out how much home you can afford with of Richmond's most helpful mortgage brokers!

Your credit score determines much about the mortgage loan you will receive. New home-owners are often surprised at how much credit affects their ability to purchase their house. A good credit score is a must-have for good interest rates and affordable monthly payments. Those with good credit tend to find the home-buying process much easier. 

Can I buy a house if I have bad credit?

Yes. Raising your credit score is important for buying a home. Banks see home loans as a great source of income because people pay their mortgages month-after-month. If you have bad credit, you may still qualify for a house loan. Interest rates may be higher, as well as monthly payments and the deposit (down-payment) required.

How large of a monthly payment can I afford?

This is something to discuss with your mortgage broker. Generally, it is a good idea to keep mortgages close to 25% of your income. This way you can avoid late-fees and the risk of foreclosure (in case your financial situation changes).

Is it a good time to buy a new house?

It is a great time to buy a house - if you can find one. The housing market is thriving, but this also means a lower supply. Real estate has always been one of the more stable investments. Check out this market data.

Be sure to contact Phillip Coon when you are ready for a loan!