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Mortgage Basics
Before securing financing for a property, it is important to be familiar with the loan process, types of loan programs available, common mortgage terms, and factors affecting your loan, such as credit.

Things You Need to Know Before Buying or Refinancing a Home

This section contains information that will help you understand how mortgages work and to make informed decisions. However, you should still consult an experienced Loan Officer when you have questions or need advice.

This section provides simple, clear explanations that can aid in making your mortgage experience a smooth one.

The Lending Process

Credit Basics

Types of Loans

Common Terms




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Equal Housing Lender. Metrocities Mortgage is a Delaware limited liability company, Massachusetts Mortgage Lender number MC2011; Maine Supervised Lender number SLM5544. Restrictions man apply, ask for details. This is not an offer for extension of credit or a commitment to lend. All calculations are approximations and subject to change and/or withdrawals from the market without notice.