Applying for a mortgage doesn’t have to feel like a contact sport. You should never feel like you’re being blindsided by confusing requests or dodging financial surprises as you march down the field toward your closing date.

That’s why we’re excited to introduce The Mortgage Playbook – our way to demystify the mortgage process and give you the tools you need to get into the right mortgage.

The Mortgage Playbook is designed to help you create a customized plan and find the right mortgage option for you.  And like any good coach, we’re going to talk to you straight with no confusing jargon – just a play-by-play guide to help get you into the mortgage game.

Below are a few topics you’ll find in The Mortgage Playbook. You can also read the full version online for free by clicking the link below.

Comparison Shop for the Right Mortgage Option

Mortgages come in all shapes and sizes. With so many options to choose from, it can take some careful comparison to find the type of home loan that is likely to work best for you.

When you’re just starting to shop around, The Mortgage Playbook can help you narrow down your options by providing answers to some of the typical questions we see early in the process.

  • How much house can I afford (use our home affordability calculator)?
  • How much should I estimate for a down payment?
  • What are my options if I can’t afford a large down payment?
  • Should I refinance my current home?

Learn More about Ally Home Loans

Prepare for the Mortgage Application Process

Once you’ve narrowed down your options, the playbook can help prepare you for the (sometimes long) mortgage application process ahead. Since most of us are not applying for home loans every day, this includes giving a quicker refresher on the industry speak – so you know the ABCs of FHA, APR, and PMI.

It’s also a helpful tool to level-set your expectations – for yourself and your lender. The goal here is to help you think about what you’re looking for in a lender, before you commit, and help you sort out which numbers your lender will want to know about – like your credit score and other stats that will come up during the application process.

The Final Countdown: Closing

The playbook can also carry you through to the end zone – your mortgage approval and closing. Once you find your dream home, closing can come quick. The playbook can help you get prepared to wrap up the process with and be prepared for things like closing costs and escrow. It includes a helpful checklist to help get your documents organized and ready for the big closing day.

If you decide to work with us on your mortgage, you’ll have a Home Team of experts who can guide you through the process. You’ll have a loan advisor, loan coordinator and closing coordinator with you every step of the way. They’re always ready to huddle up to help you win.

Download a Free Copy of The Mortgage PLaybook