Our friendly, experienced team is ready to help you understand your first mortgage options.
A first mortgage is the primary loan that you, as a borrower, will use to purchase a property, and it’s something that our team here at Harbor Mortgage Company can help you understand and secure. We work with clients throughout the Bedford, Texas area, and our dedicated staff would be thrilled to help you on your property ownership journey.
The first mortgage on a home is the largest and will take priority over any other loans or liens that the property may have, such as a second mortgage or a home equity loan. This means that if you, as the borrower, default on your loan, the first mortgage holder has the first claim on the property in a foreclosure sale.
Understanding what a first mortgage is becomes important in a wide range of circumstances. The main thing to understand is that the first mortgage is not necessarily chronologically first; it is the primary loan on the home. For example, if you want to refinance your existing mortgage, the new loan will replace the original mortgage and become the first mortgage.
We can help you understand the intricacies of a first mortgage, and you can count on our friendly and experienced team to be the light in the fog you need. We’ll sit down with you to discuss your goals and current situation and then explore all the available options that could help you get where you want to be in your home ownership journey.
Whether you’re a first-time homebuyer or a seasoned investor, trust our team to help you finance your homeownership dreams. Reach out today to learn more about first mortgages or to schedule a consultation with our team!
At Harbor Mortgage Company, we offer first mortgage loans to those in Savannah, Bloomingdale, Fort Stewart, Garden City, Georgetown, Hinesville, Pooler, Port Wentworth, and Richmond Hill, Georgia, as well as Bedford, Carrollton, Colleyville, Coppell, Flower Mound, Grapevine, and South Lake, Texas.