You are going to learn some quick facts about home mortgage loans and how to apply for them online to pre-qualify you for the type and amount of loan you want and can afford. So take a few moments and read this article so you can make your dream of home ownership come true.

First and foremost, don't be intimidated by the process of applying for a loan and buying a home. It is not as complicated as it seems. Lenders of all types are begging for home loans right now. They can earn more interest on a home loan then they can by making other investments. So they want and NEED your business. They are more than willing to "bend over backwards" to make you a new home loan. Keep this in mind as you read on.

Second, all home mortgage loans are based on two things... (1.) Your "ability to repay" the loan and... (2.) the "value of the property" you are buying. "Ability to repay" means.. Are you making enough money each month to be able to afford the payments (including taxes, property insurance and mortgage insurance). "Value of the property" means... What is the fair market value or appraised value in dollars (sale price) of your home and is it in an area where home prices will rise or at least stay the same.

A real important question occurs when you decide you might want to quit renting and start owning. "How much can I afford and qualify for?" This is the first question a home sales person will ask you when you start looking for a new home. So, what is your answer? Well, if you are like most people, the answer is "I don't really know."

This is where pre-qualifying for a home loan makes sense. Do this before even looking at new homes to buy. When you are pre-qualified you know how much home you can afford and you can save a lot of time and effort by looking in that price range.

By using mortgage insurance such as through FHA, VA or private mortgage insurance companies, you can qualify for a new home mortgage loan with very low down payments. Sometimes as low as 2%. So you don't have to be swimming in cash in order to afford a new home. Pre-qualifying can help you determine just how much cash down payment you will need.

Pre-qualifying for a loan simply means giving your personal financial information to a good lender and letting them tell you how much you can borrow. They will also tell you what your payments will be. And they can guide you in lowering any other costs associated with a new home purchase. Lenders actually know more about this whole process than the real estate sales people.

Home mortgage loans are so competitive right now that you should never pay points or application fees. If a lender wants you to pay an up-front application fee, run away. And points are unnecessary. Points are a percent of the loan the lender charges you just to make the loan. Uh.........you are doing them a real favor by letting them make you a good loan that they will earn interest on. No need to pay them to do it!

Once you are pre-qualified or pre-approved, you can start shopping for homes. Here you will need to know a lot more information such as values or property in your area, location of schools, cost of utilities and insurance, etc. But don't get the cart before the horse.

"YOU WILL GET A MUCH BETTER DEAL ON ANY HOME IF YOU ARE PRE-APPROVED and PRE-QUALIFIED FOR A HOME MORTGAGE LOAN."

Now you are going to have to take a little leap of faith and start that pre-qualify and pre-approval process. You want to apply with a really good lender that "for sure":

1. Wants your new home mortgage loan business
2. Does NOT charge an application fee
3. Does NOT charge "points" for making the loan
4. Is willing to negotiate on just about everything in order to get your business
5. Will give you a fair and honest appraisal of what you qualify for
6. Is fast and dependable

For these reasons I highly recommend ING DIRECT Orange Mortgage . Regardless of your income, your credit or your amount of downpayment, these folks can get you into an affordable new home. And the payments are nearly always less than rent. They will bend over backwards to help you. They have pre-approved just about everyone who has been recommended through this Foxway site. So click the link and take 5 minutes online to complete a short, completely confidential application.

Once pre-approved and pre-qualified for a home mortgage loan, start looking around.

"The investment you make in your new home will be the best investment you will make all of your life."

What is stopping you? Find out where you stand and what you will need to do to qualify for the home you have always wanted. Quit paying rent and start owning.

"The tax benefit alone will more than make up for your down payment in about two years."

Don't be embarrassed about this. And don't pre-judge yourself. Let the experts tell you what you need to do to be approved. You will honestly be amazed at how easy this is.

You are one click away from beginning the process that will have a positive impact on you and your family for many years to come. Complete that free no-obligation application RIGHT NOW. In a few short days you will be very glad you took this first step.

P.S. If you do not have enough money for a down payment, review the US Department of Housing and Urban Development HOME program. They make grants for down payments. You can contact your local HOME program specialist to find out if you qualify. A state by state listing of local HOME administrators can be found here.