Things to consider before starting
Once you’ve made the decision to start looking for a new home, it can be easy to jump in right away. However, there are multiple things to consider before diving into a new mortgage.
- Have you evaluated your current financial situation?
- Can you afford to carry both mortgages if your house doesn’t sell?
- What are you looking for in a new home? (ex. more space, a new neighborhood)
- Is the market right to sell and/or buy?
Starting the search for your new home
Once you’ve made your decision it’s time to compile your team! You’ll need an experienced real estate agent to make the home shopping process run smoothly and a Mortgage Loan Officer to help you determine your borrowing budget and a loan option that fits your financial needs.
We also suggest applying for a pre-approval before home shopping. It’s a great advantage to have when you find your new home and are ready to make an offer.
Get pre-approved online
Applying for a mortgage with Landmark
It's easy to apply for your loan online! All you have to do is answer a few simple questions about yourself, your property, income, debts and assets. When we process your loan, we verify the information you've provided us on your loan application. We will request minimal documentation to verify assets and income. (Note: You don’t need to fill out another online application if your Landmark pre-approval is still valid.)
After applying, a Landmark Mortgage Loan Officer will meet with you personally or over the phone to accurately determine the right loan amount and mortgage product that fits your financial needs. You and the Loan Officer will decide the best option based on your monthly income, loan amount, down payment amount and how long you're planning to stay in your new home.
Your mortgage loan options with Landmark
Fixed Rate Mortgage
- Make the same payment every month over a fixed term.
- Down payment can be as low as 3%
- $495 Application Fee1
fixed mortgage Rates
Fixed Rate No Cost Program
- Make the same payment every month over a fixed term.
- Down payment can be as low as 3%
- $495 Application fee (refunded at closing)
- Only available for single-family owner-occupied homes
- Landmark pays all closing costs except pre-paid items2
- Escrow deposits are not included with this program
No Cost Program Rates
Adjustable Rate Mortgage
- Pay a lower monthly payment than a fixed rate mortgage for the initial term. After the initial term the rate will change once every year based on the current market at the time.
- Down payment can be as low as 5%
Adjustable mortgage Rates
Completing the Mortgage Process
During the processing of your application we will review the value of the property along with any other final documentation that is needed before issuing a final approval and setting up the closing.