Question 1

What is MortgageDirectory.com?

Accepted Answer

MortgageDirectory.com is an educational site about home loans. The guides explain how purchase loans, refinances, home equity products, and reverse mortgages usually work, and the calculator estimates a monthly payment from numbers you enter.

The company operating MortgageDirectory.com is Astoria Company. We are not a lender, and we do not take applications or set rates.

Question 2

Is MortgageDirectory.com a lender or a mortgage broker?

Accepted Answer

Neither. MortgageDirectory.com does not fund loans, quote rates, or submit applications to lenders. Reading a guide does not create a borrower-lender relationship.

Question 3

Can I get a rate quote here?

Accepted Answer

No. Advertised rates you see elsewhere assume a specific credit profile and loan structure. The rate that applies to you is the one a lender puts on a Loan Estimate after you apply with that lender.

Question 4

What does the calculator estimate?

Accepted Answer

It estimates principal and interest from the home price, down payment, rate, and term you type in, and it can add property tax, insurance, PMI, and HOA. Those figures are only as good as the inputs. They are not a payment offer.

Question 5

Which loan topics do the guides cover?

Accepted Answer

The main explainers are home purchase, refinance, home equity, and reverse mortgage. Shorter guides cover fixed versus adjustable rates, down payments and PMI, closing costs, refinancing tradeoffs, cash-out loans versus HELOCs, and how to read a Loan Estimate.

Question 6

Does a lower rate always mean a cheaper loan?

Accepted Answer

No. Points, lender credits, the loan term, mortgage insurance, and how long you keep the loan all change the total cost. A Loan Estimate is the form that puts the rate and the cash due at closing on the same page.

Question 7

What is PMI?

Accepted Answer

Private mortgage insurance protects the lender on many conventional loans with a smaller down payment. The premium is often added to the monthly payment. FHA loans use a different mortgage insurance premium, which can last longer. The guide on down payments and PMI explains the distinction.

Question 8

Who can get a reverse mortgage?

Accepted Answer

The common federally insured reverse mortgage is generally for homeowners age 62 or older who live in the home. A lender decides eligibility, and HECM borrowers must complete counseling with a HUD-approved counselor first. MortgageDirectory.com does not approve loans or promise a payout.

Question 9

Does MortgageDirectory.com guarantee a rate or an approval?

Accepted Answer

No. No article or calculator can guarantee a rate, a closing, or an approval. Those depend on your finances, the property, the loan program, and the lender.

Question 10

How do I contact the site?

Accepted Answer

Use the contact page for questions about the site itself. We cannot price a loan, take an application, or tell you whether to borrow.