If you're planning to buy a home and you're not paying all cash, you'll need a mortgage—a loan used to purchase property. While the process might seem overwhelming at first, getting familiar with the basics and knowing how to compare lenders can make a huge difference.
A mortgage is a loan that helps you finance your home purchase. When you take out a mortgage, you're agreeing to repay the lender over time—usually 15 to 30 years—with interest. Your monthly mortgage payment typically includes:
Principal – the amount you borrow
Interest – the cost of borrowing money
Taxes & Insurance – property taxes and homeowners insurance
PMI (Private Mortgage Insurance) – if your down payment is less than 20%
There are many types of mortgage products—fixed-rate, adjustable-rate, FHA, VA, and more—and the best one for you depends on your financial goals, credit history, and how long you plan to stay in the home.
Not all lenders are created equal, and even a small difference in interest rate or loan fees can have a big impact on your monthly payment and overall cost of the loan. That’s why it’s important to:
Compare interest rates and APR (Annual Percentage Rate)
Ask about loan types, fees, and rate lock periods
Consider the customer service experience—communication matters!
A local lender who knows the market can often move faster and answer questions more thoroughly than a large online lender. That’s where a trusted recommendation can go a long way.
When my clients ask who I recommend for mortgage guidance, I always suggest Josh Turn from Intercoastal Mortgage. Josh is a Senior Loan Officer based here in Northern Virginia, and he’s helped many of my clients secure competitive loans with clarity and confidence.
Why I recommend Josh:
He's local and understands the Northern Virginia market
Offers competitive loan options for all types of buyers
Provides excellent communication and customer service
Walks you through every step—whether you’re a first-time buyer or refinancing
You can explore his services or start the pre-approval process directly on his site:
👉 Visit Josh Turn’s Website
Let’s make sure you’re financially ready, informed, and confident as you move forward.
This content last updated on Saturday, August 2, 2025 5:36 AM from BRIGHT.
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