Short of major lottery winners, most of us need to talk to a mortgage broker whenever buying a home. At Real Estate Divorce Pros, we have an experienced mortgage broker on our team to help you simplify it all.

 While we can’t work miracles, we can take you through all the complications with our tried and true system. We offer exceptional customer service that makes other mortgage brokers jealous. Our mission is to hold your hand throughout the process of gathering all the information necessary to secure a loan at a great rate with low fees. It truly pays to work with the right people!

What Is A Mortgage Exactly?

Since most of us aren’t sitting on a ton of cash, a mortgage is a loan to help us have access to enough money to buy a house. The house serves as the collateral for the loan and once the entire loan is paid off, you own the house free and clear. If the worst case scenario happens and you can’t pay the loan, the house goes into foreclosure and now belongs to the bank.

Types of Mortgages

Over the years, mortgage brokers have created several different types of mortgages, which can get confusing. That’s one of the many reasons it’s helpful to have a mortgage broker to help you decide which one is right for your situation.

Fixed Rate Mortgages

This type of mortgage is appropriately named because what the borrower pays is the same throughout the life of the loan. The rate stays the exact same or is “fixed”, so the principal and interest paid never change from the first payment to the very last.

The term of fixed-rate mortgages, or how long you’ll have the loan, is usually for 15 or 30 years. This means that if the market rates change, your payment stays the same for the life of the loan. If the rates drop significantly enough, that’s when it might be in your best interest to refinance.

Adjustable Rate Mortgages (ARMS)

Adjustable rate mortgages are also appropriately named since the interest rate stays the same for a predetermined period of time but can fluctuate with the market rates. The thing you have to consider with ARMS is that the initial rate is often lower than the market rates which makes it more attractive, but as the market shifts, your payments get higher. This is the risk of getting an ARM.

There are other types of mortgages, but these are the most common. When you’re ready to buy a house, call The Real Estate Divorce Pros. We’re ready to help you find your way home.


2750 Premier Parkway
Suite 200
Duluth, Ga. 30097


Billy Webb:
+1 404-803-1649

Marcus Claxton:
+1 678-860-0497


Monday-Friday: 9:00am – 8:00pm
Saturday: 9:00am – 6pm
Sunday: 12pm – 6pm