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Learning Center

Mortgage Education

Before securing financing for a property, it is important to be familiar with the loan process, types of loan programs available, common mortgage terms, and factors affecting your loan, such as credit.

This section contains information that will help you understand how mortgages work and to make informed decisions. However, you should still consult an experienced Loan Officer when you have questions or need advice.

• Frequently Asked Questions
• First-Time Home Buyer Mortgage Information
• The Lending Process
• Pre-Approval Checklist
• Credit Basics
• Pre-Approval vs. Pre-Qualification
• Home Ownership Tax Benefits
• Closing Costs
• Loan Programs
• Adjustable Rate Mortgages (ARMs)
• Why mortgage rates change
• Glossary of Terms

Newsletters

• Mind Your Money
  Monthly newsletter regarding family money matters.
• HomeLine
  Monthly newsletter offers helpful advice and interesting news about your home.
• Economic Update
  Weekly newsletter keeping you in the loop about economic news affecting the real estate industry.

Pre-qualification List

• Find out what documentation you will need when you apply for a pre-approval.

Loan inquiries and applications in states where I am not licensed will be referred to a Loan Officer who is licensed in the property state. Equal Housing Lender. Prospect Mortgage is located at 15301 Ventura Blvd., Suite D300, Sherman Oaks, CA 91403. Prospect Mortgage, LLC (Unique Identifier #3296) is a Delaware limited liability company licensed by the Department of Corporations under the California Residential Mortgage Lending Act and operates with the following licenses: AK Mortgage Lender/Broker License #AK3296; AZ Mortgage Banker License #BK0903027; To check the license status of your CO mortgage broker, visit www.dora.state.co.us/real-estate/index.htm; GA Residential Mortgage License #16984; IL Residential Mortgage Licensee #6424; Kansas licensed mortgage company; MA Mortgage Lender/Broker License #MC3296; MS Licensed Mortgage Co.; MT Residential Mortgage Lender Licensee #120; Licensed by the NH Banking Dept.; Licensed Banker-NJ Dept. of Banking and Insurance #9932414; NV Division of Mortgage Lending Mortgage Banker #1173 and Mortgage Broker #3095; Operates as Prospect Lending, LLC in NY (Licensed Mortgage Banker-NYS Banking Department); OR Mortgage Lender Licensee #ML-2006; PA Dept. of Banking license #22122; RI Licensed Lender #20021343LL, Loan Broker #20041643LB; licensed by the VA State Corp. Commission as MC-2195. This is not an offer for extension of credit or a commitment to lend. All loans must satisfy company underwriting guidelines. Information and pricing are subject to change at any time and without notice. This is not an offer to enter into a rate lock agreement under MN law, or any other applicable law. Prospect Mortgage, LLC - NMLS Consumer Access

MetroPro Insurance Solutions, LLC is a licensed California insurance agency; CA License 0D69289. MetroPro Insurance Solutions, LLC, is a division of Prospect Mortgage, LLC, the company that is providing your mortgage services. Use of MetroPro Insurance Solutions, LLC may provide Prospect Mortgage, LLC with a financial or other benefit. You are not required to use MetroPro Insurance Solutions, LLC as a condition of settlement on the closing of your home.