Mortgage Education Center

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Refinance - RiteWay

Refinance your home

Refinancing is when you apply for a secured loan in order to pay off another different loan secured against the same assets, property etc.
Balloon Loans - RiteWay

Balloon Loans

A balloon loan has a large remaining balance at the end of the loan term — sometimes almost as much as the original loan amount.
Home Purchase - RiteWay

Home Purchase

Between your real estate agent and the help of our expert home mortgage team here at Rite Way Mortgages, there is very little for you to do.
Points - RiteWay


Mortgage price tags come in two parts. One cost is the interest rate; the other is points. A point is equal to one percent of the mortgage amount.

Home Equity - RiteWay

Home Equity

If ever you are in need of borrowed funds, one practical and handy source of credit is aHome Equity Line of Credit (HELOC).

Home Ownership - RiteWay

Types of home ownership

Several types of home ownership are available to you. Find out which one meets your needs.

Real Estate Brokers - RiteWay

Buying without a real-estate broker

Some homeowners choose to sell their properties directly and without the use of a broker.

Real Estate Brokers - RiteWay

Real Estate Brokers

When you are ready to look for a home, you may choose from several real estate brokers to work with.
Negotiating Tips - RiteWay

Negotiating tips

Once you’ve decided on a house that’s in your price range you have to decide whether to pay the seller’s asking price or negotiate for a better price.
Home Inspection - RiteWay

Home Inspection

The offer you make to the seller should include a clause that says the purchase is contingent on the home passing inspection within a certain number of days and that the inspection must be satisfactory to you.
The Offer - RiteWay

The Offer

When it’s time to make an offer, the real estate broker representing the seller will often produce a standard form listing the price and other details of the purchase offer.
Home Inspection - RiteWay

Final walk-through

Before closing on an existing property, you can have a final walk-through.
Adjustable Rate Mortgages - RiteWay

Adjustable Rate Mortgages

With (ARM) Adjustable Rate Mortgages, the interest rate stays fixed for the initial loan term, then adjusts up or down based on a specified index rate.

Closing - Riteway


Settlement, or closing, is the final step in the home-buying process. This is the time when the seller is paid, title is transferred, and all elements of the sale agreement are completed.
Why Refinance - RiteWay

Why Refinance?

undamentally, people refinance because they either want to save money or spend money. This article discusses the most common circumstances in which you might save money by refinancing.
Appraisal - Riteway

Why is an appraisal required?

An appraisal is an estimate of the value of a property. An estimate of the value of the property generally refers to its fair market value.
Contact Us - RiteWay

Contact Us

Use our RiteWay Mortgages Contact Form to send us a Message.

Appraisal Owner - RiteWay

Who owns the appraisal?

In almost every case the appraisal is owned by your mortgage company, even though you may have paid for it.
Security - RiteWay


Security provided by: Go Daddy You take online privacy seriously, and so does
Reasons for Appraisal - RiteWay

Reasons for an Appraisal

Appraisals are normally ordered when you are obtaining a loan on a property. However, there are many other reasons why you might want an appraisal.
Disclosures - RiteWay


As an Equal Housing Opportunity Lender, we conduct business in accordance with the Federal Fair Housing Law (Fair Housing Amendments Act of 1988).
Increase Appraisal Value - RiteWay

Increased Appraised Value

In general you do not have much control over the appraised value of a property. The appraiser is assumed to be neutral, objective and capable of providing an unbiased valuation of the property.
Terms - RiteWay

Terms of Use

The use of the web site (the “Web Site”) is subject to the terms and conditions stated herein and to the terms set by the Site Owner.
Credit Reporting Agencies - RiteWay

Credit Reporting Agencies

There are three Credit Reporting Agencies that accumulate data on which to base your credit history.

Privacy Policy - RiteWay

Privacy Policy knows that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly.
Consumer Rights - RiteWay

Credit and Your Consumer Rights

A good credit rating is very important. Businesses inspect your credit history when they evaluate your applications for credit, insurance, employment and leases.
Credit Scoring - RiteWay

Credit Scoring

In the 1960s, Fair Isaac Corporation started working on a system lenders could use to evaluate the likelihood of receiving repayment on loans.
Fair Credit - RiteWay

Fair Credit Reporting Act

If you've ever applied for a charge account, personal loan, insurance, or job, there’s a file about you.

Down Payment - RiteWay

Down Payment

An important step in purchasing is home is determining how much of a down payment you’ll make, and from what sources the down payment and other costs will come.
Fico Score - RiteWay

What is a FICO score?

A FICO score is a generic term for a credit bureau score and specifically refers to the score derived from the FICO statistical model.

15 year loan - Riteway

Switching to a 15 year loan

Question: How do you determine if you should “exchange” your current 30-year loan for a 15 year loan?
Credit Report Errors - RiteWay

Credit Report Errors

Few aspects of both consumer and real estate financing have come under as much written and verbal gunfire as has the credit reporting industry.
Down Payment Amount - Riteway

How much down payment?

Your down payment amount depends on three factors: the requirements of the lender you choose, the type of mortgage involved, and your financial situation.
Cosigning a Loan - RiteWay

Cosigning a Loan

What would you do if a friend or relative asked you to cosign a loan? Before you answer, make sure you understand what cosigning involves.

PMI - RiteWay

Private Mortgage Insurance (PMI)

Private Mortgage Insurance (PMI) protects lenders against loss due to foreclosure. Most lenders require PMI when the down payment is less than 20 percent.
Mortgage Glossary - RiteWay

Home Equity Glossary

RiteWays guide to helping you understand the language of Home Equity.

Avoiding PMI Payments - RiteWay

Avoiding PMI Payments

The easiest method for avoiding PMI payments is to make a cash down payment of 20% or more.

Mortgage Terminology - RiteWay

Mortgage Terminology

At RiteWay mortgages we believe that all our clients should educate them self’s when making the biggest investment of there lives, so we have provided a Glossary to enhance your knowledge.
Can you afford to buy a house? - RiteWay

Can you afford to buy a house?

Find out what house you can afford. Before you go out shopping for a home, it’s a good idea to pre-qualify for your mortgage with a lender.
VA Loans - RiteWay


The Department of Veterans Affairs (VA) is a government entity that caters specifically to our nation’s veterans.
Fixed Rate Mortgages - RiteWay

Fixed Rate Mortgages

With Fixed Rate Mortgages, you pay a predetermined interest rate for the duration of the mortgage.
FHA Loans - RiteWay


The Federal Housing Administration (FHA) is a government entity that provides insurance on loans made by FHA-approved lenders.