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    Welcome to HomeRate Mortgage

    Browse around our site and you will find everything you need, including helpful information, calculators and more.
    Also, don't forget to use the form within the banner to see how much lower our rates are than the big banks.
  • Apply Now

      Complete Application

      We suggest filling out this application only if your loan consultant has instructed you to do so.

      Download Application

      You can download the application material now and mail or fax it to us. This is a full application that can be printed as opposed to the online application that can be filled out on a browser.
  • Purchase
      Purchasing a home is a very exciting time, and being well prepared will help you make better decisions. Take this opportunity to learn more about home buying and the mortgage process.

  • Refinance
      Why pay more than you have to? Don't miss out on super low rates.
      Changing the terms of your loan can benefit you and maximize your monthly income

  • Tools & Info
    Use the form within the banner on the home page to see how much lower our rates are than the big banks. Then fill out our application to see if you qualify. If you have any questions, just click Contact Us or call us at (423) 805-9100.
  • About Us

      Who We Are

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      HomeRate Mortgage helps people get better rates than the big banks and offers better customer service during the process.
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Including Closing Costs
















Purchase
Purchasing a home is a very exciting time, and being well prepared will help you make better decisions. Take this opportunity to learn more about home buying and the mortgage process. Below and throughout this site, you will find information that will help you with the purchase of your new home.

If you would like to know the rate for which you qualify, Apply Online, and we will give you an accurate assessment of what you qualify for.

If you have any questions, just click Contact Us or call us at (423) 805-9100.


Am I really ready to buy?
Buying a home offers many advantages, one of the most significant being that it allows you to build equity (ownership) when you pay your mortgage each month. A common myth is that monthly mortgage payments are more expensive than rent. But, in many cases, mortgage payments can be even less than rent. When considering home ownership for the first time, you need to decide whether buying makes financial and practical sense for you right now or if you are better off renting. Consider both the advantages and disadvantages to renting as well as buying, and weigh the pros and cons for your particular situation.


How much “house” can I afford?
The first step toward finding the right home is to quickly compute your purchasing power and determine how much you can afford to pay each month. This saves you time by allowing you to focus on homes in your price range. You can click how much can I afford and use the banner above to help you with this.




In addition, you should consider both the up-front and ongoing costs associated with purchasing a home in the planning stage.


Some up front costs include:
  • Down payment: Typically ranges from 3.5-30% of the cost of the house. The more you can put down, the greater equity you will have in your home and the lower your monthly payment will be. For down payments less than 20% you may also need to pay mortgage insurance.


  • Closing Costs: Typically range from 2-6% of the loan amount depending on your area.

  • On-going Costs:
    Your housing costs can include the following:
    • Monthly mortgage payment
    • Homeowners insurance
    • Mortgage Insurance (if applicable)
    • Flood Insurance (if applicable)
    • Property taxes
    • Utilities
    • Maintenance

For how much can I get pre-qualified?
Before you go looking for a home, you should see if you are financially able to get a mortgage and get an estimate of what you pre-qualify for from a lender. If you are working with a real estate agent, getting pre-qualified lets them know you are a knowledgeable and serious buyer.


We pride ourselves in providing the best mortgage loans to the areas we serve. If you want to leave feedback or review feedback & testimonials please CLICK HERE. We expect you to see satisfied mortgage clients that agree that the Ben Phillips Mortgage Team provides mortgage loans faster, better, & cheaper than our competiton!

Home Rate Mortgage Inc
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50 Positive Review(s)

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