Welcome to the Low Cost Mortgage Information Portal

This website is full of industry news, program information, and descriptions of all things mortgage related. To visit our main website LCMLOANS.COM, click the link below.

Borrower Information & FAQs

The Loan Process Explained

Everything you ever needed to know about the loan process.   From start to finish, this process usually takes 5 weeks or more, depending on…

DTI: What is it? How does it affect me?

What is DTI? Debt-to-Income ratio. It means a lot when you are trying to qualify for a home loan! The amount of your monthly debt…

How Do I Qualify For A Loan?

There are several qualifying factors that you’ll be asked about when you talk to us. We’re looking for stable, predictable income so we can trust…

Real Estate and Financial Industry News

Fed Increases Rates, Yet Mortgage Rates Go Down?

Fed Talking About Big Rate Hikes, But Mortgage Rates Moved Lower It was a week for paradoxes on several fronts, most notably when mortgage rates…

Housing is Normalizing, Not Dying; Nice Rate Rebound After Last Week’s Rout

In 2020 and 2021, housing boomed and rates plummeted at a pace that many considered to be unsustainable. 2022’s role is to take things back in…

Rates going UP UP UP, worst since 1979?

2022 is Already The Worst Year For Rates Since 1979 2022 has already had its fair share of bad news for mortgage rates, but this week was…

NEED CASH? A Cash-Out Refi Might Be For YOU!

How much money can I take out on my refi? Like a lot of things in the mortgage world, that depends on your credit score…

Why Some Rate Quotes Are So Different And Why “Points” Are On The Rise

It was yet another tough week for the mortgage market with rates rising to their highest levels since 2009, but how high have they actually…

Purchase Applications Rise on Threshold of Fed Meeting

The volume of mortgage application submitted during the week ended April 29 ended a seven-week slide. The Mortgage Bankers Association (MBA) said purchase applications were…