Understanding Mortgages

Your mortgage will likely be one of the largest financial transactions you ever complete.

At On Q Financial, Inc., we seek to provide the most efficient and streamlined mortgage experience possible. Our “Mortgages Simplified™” approach is proof that your home mortgage experience doesn’t have to be difficult, stressful or time consuming.

We make it simple.

The mortgage process may seem complicated, but you can depend on the entire On Q staff to ease your mind, keep you up to date on your loan and take care of you every step of the way.

To help you further understand the process, we’ve created this comprehensive Mortgages 101 section to explain many of the most important, and in some cases most complex, concepts involved in completing a mortgage.

Still have more questions?

Don’t worry. An On Q Mortgage Consultant will provide you with expert counsel and guidance and is available by phone or email.

Find one in your area now

Frequently Asked Questions

Will my credit history prevent me from getting a mortgage?

An On Q Financial Mortgage Consultant can help explain how your credit will affect your ability to get a loan and can discuss available financing options.

What will my rate be?

Interest rates are based on variety of factors including by not limited to; loan purpose, credit history, ability to repay, and loan amount.

How much do I need for a down payment?

Your down payment requirements will depend on the type of home loan you choose and the type of property you are buying. Your required down payment will usually range from 3-20% of the home’s purchase price. On Q Financial, Inc. offers a variety of different loan programs including a variety of down payment assistance programs, contact a Mortgage Consultant for more information.