B2C (Business to Consumer) is a business that involves buying and selling goods and services to customers. Therefore, A B2C mortgage means lending out a mortgage loan to customers or individuals instead of companies.

It offers options to consumers and first-time homebuyers to finance a new home. Moreover, it allows individuals to refinance their mortgages, and they also have the opportunity to reverse the mortgage.

Mortgage refinancing involves taking out a new loan to pay off the original loan. Most commonly, people take this action to the advantage of the prevailing low-interest rates. On the contrary, a reverse mortgage is a type of loan that allows homeowners to convert part of their home equity into cash.

There are several top insurance companies and banks that provide for mortgages. Some of them include Fairway, Quickens Loans, Wells Fargo, and Loan Depot.

The pre-qualification process allows you to determine the amount of loan you can borrow, and it’ll enable creditors to check the credit report to verify your financial position. Pre-qualification means that you have provided your loan officer with all the basic information that is important to determine the best loan program for you. After that, you have to get a preapproval. It means that your officer has all the necessary information to advance to the next process of underwriting. For preapproval, you may need several documents like photos, tax returns, and bank statements.

The income ratio includes your monthly expenses divided by your income, while the debt ratio includes your monthly expenses plus any debt divided by your income. A loan’s standards are that you should have a 28% income ratio and a 36% debt ratio.

They are also known to be discount points. They generally are a one-time fee that can help you get a lower interest rate. It generally follows that one point can drop your interest rate by one-eighth or one-fourth.

The mortgage terms determine your payment. It follows that payment is high when the term is low and vice versa. Besides, the monthly fee includes a percentage of the principal amount and interest payment. Moreover, some portion of the payment can go to your escrow account to pay for Private Mortgage Insurance (PMI), property tax, and Homeowner’s insurance.


It depends upon various factors which can be related to economic conditions or personal preferences. Most commonly, it depends upon factors like credit history, income, collateral, and the loan amount. It follows that the less risky you present yourself, the more likely you’ll be eligible for a low rate.


ExpressMortgageQuotes.com offers specialized and flexible mortgage options. As mentioned above, it provides options for a reverse mortgage, refinancing, and buying a new home; all of this has flexibility and can be as per the borrower’s requirement.

A fixed-rate mortgage involves making a fixed interest payment per month, whereas the rate adjusts according to the prevailing market conditions.

A city accessor’s office conducts an assessment to determine the tax value of the property. On the other hand, an appraisal is done to determine the real estate’s specific value on a particular date.

Most commonly, you’ll require a 20% down payment for your mortgage. However, you can also apply for a 5% down payment with MPI coverage. MPI coverage is mandatory for those people whose down payment is less than 20%.