FAQS

Every day, we receive questions from homeowners and homebuyers throughout Michigan. We also can help you purchase a home in Florida, Texas, and Colorado!

Below, we answer some of our most frequently asked questions.


Q. What is your mortgage rate?
Q. Do you have to pull my credit?
Q. What if I do not have a high credit score?
Q. What if I cannot afford to put 20% down on a home?
Q. How do closing costs work?

Have More Questions About Mortgages? We Have Answers.

At Mortgage City, we love answering questions and explaining the process of buying a home or refinancing. During your consultation, we will walk you through the mortgage process step by step, making sure that you understand each step before moving forward.

If you are ready to schedule a consultation or if you just have a quick question, we would be happy to give you the detailed answered you are looking for. Please give us a call today at (248) 930-8709 to get started. We look forward to helping you with your mortgage needs.

Alex goes above and beyond. This is someone that treats you like family. Would recommend this broker to anyone looking to buy a home. I just moved to Florida and bought my first home here thanks to Alex’s help! If you want someone you can trust, who’s actually responsive this is the company to use.
Alex was awesome! He was professional, responsive, and incredibly helpful throughout the entire process. He made everything smooth and stress-free. I would highly recommend him to anyone.
I had an outstanding experience from start to finish. The entire team was professional, knowledgeable, and incredibly responsive throughout the process. They took the time to explain every step clearly, answered all of my questions promptly, and made what could have been a stressful experience feel smooth and manageable
If you’re looking for help securing a mortgage, I highly recommend Alex Foster. He’s fantastic to work with, extremely knowledgeable, communicates clearly, and makes the process smooth and stress-free from start to finish.
Bought my first home and decided to take a chance on these guys. Man I couldn’t be happier. From response time, to making me feel welcome from the minute I stepped into the office they were incredible! Alex is a class-act.
Alex was professional, kept us updated throughout, went to bat for us when needed, and helped with a smooth closing. I've referred him to several friends/family and they all have had a great experience.
Alex, we cannot say thank you enough! You’re amazing! Thank you for the quick responses and all of your help! You’re an amazing man father and husband to your family! Thank you for helping us with our second house my friend!
Photo from customer review
I can't thank Alex enough for his support throughout our entire mortgage process! We were first-time homebuyers and felt completely overwhelmed, but Alex patiently guided us through every step, answering all our questions. He found us a GREAT rate, everyone at closing was so impressed by it. Honestly, we couldn't have done it without him! If you're looking for a knowledgeable, dedicated, and genuinely awesome mortgage professional, Alex at Mortgage City is your guy!
I am so glad I chose Mortgage City. I found them on google and was impressed by the excellent reviews they had, but was still skeptical. I worked with Alex and couldn't have asked for a better person to guide me through the home buying process. At all times he looked out for me, stayed on top of everything, and no matter the day and time he responded immediately and took care of it. Despite the high interest rates he was able to find the lowest rate for me. I can't thank him enough for that and I would give him 10 stars if I could. Very professional, always upbeat, and optimistic, an excellent person to work with! Thank you so much guys! 💙
Awesome company! great customer service. Jared was awesome he put our needs first and made sure we had what we needed to close.
Highly recommend Jared. He provided great service and rates.
Alex Foster is an amazing mortgage broker! He was always available to answer questions and discuss mortgage details and rates whenever we asked. As we moved through the mortgage process he worked diligently to ensure everything was done on time with nothing missed. Alex always made sure we knew what our options were and that we got the best rate and mortgage plan for our situation. I can not express how thankful I was that we had mortgage city looking out for us during our home buying process. Would recommend them to anyone looking to buy their next home.
We recently worked with Mortgage City to secure a mortgage for our home, and I cannot recommend them highly enough. From start to finish, the entire process was smooth, transparent, and stress-free. The team was highly knowledgeable and professional. They took the time to explain all the details, answered every question I had, and made sure I was fully comfortable with my mortgage terms. Their customer service was exceptional. I felt valued and respected throughout the process. They were always responsive to my emails and calls, making me feel like a priority. They went above and beyond to ensure I was happy with the outcome. One thing that stood out was how efficient they were. The approval process was fast, and they kept me updated at every step. I never had to chase for updates, which made a typically stressful process much more manageable. If you’re looking for a mortgage agency that combines professionalism, efficiency, and outstanding customer service, look no further than Mortgage City. I am incredibly grateful for their help and would recommend them to anyone in need of mortgage services. Thank you Alex and Mortgage City team
Jared Lincoln. It's hard to sum up my appreciation for him in one small review. He is someone you want on your team. Dependable, reliable, personable, and always very quick to respond. He definetly treats you like a person and not a number or transaction. I would strongly recommend working with him.
It was a pleasure working with Alex Foster! Helped me buy my first house. Explained things very well and got us the best possible rate!
I want to give high praise to Gared, he is so easy to work with and not pushy. Gared made time for me when ever I texted him or called him. I will recommend him to anyone I know who is looking to buy a house or refinance. Thank you again to Gared and his team!!
Alex is wonderful to work with! Great at his job, but an even better person!
I worked with Alex Foster to get my deal done this past month. The entire process was smooth, his communication was outstanding, and I’ll definitely be using him/Mortgage City again in the future. High recommend!
Terrific guys & made the process easy and convenient. I will be going back to them if the need arises and recommending friends and family!
You definitely want to with Alex he’s a professional lender who care so much for his clients. My experience working with him has been excellent in all aspects in the transaction!
Jared has been great. Anytime I needed to make an offer in this competitive market, he was always there and willing to get us quotes, offer letters, whatever it took and anytime of day and or weekend. Incredibly professional and always helpful!. Thank you, again, Jared! You’ve been a blessing to work with!
We used Jared Lincoln at Mortgage city for our mortgage. He was knowledgeable, professional and even at times our biggest fan! Our new construction was complex but Jared took great care of us! Thank You!
We worked with Jared, the owner, for our first home buying experience and it couldn't have been easier. At the start, I appreciated that the application process was done all online through a specific portal - it felt safer than other ways of submitting sensitive information that we experienced while exploring other broker options. Jared made us feel like we were his only client as he always made himself available for calls, questions, writing up letters, and submitting documentation in record time. My favorite thing about the experience, though - and about Jared as a professional - was when we explored an option with another broker that seemed like it was going to save us loads of money. Jared was honest and supportive in saying the quote seemed like an amazing deal while remaining completely professional, letting us know that if anything changed, he'd love to still help us. Well, of course, it was too good to be true and we were sorry that we ever strayed! He welcomed us back with open arms and continued to go above and beyond. He even helped recommend a realtor who was great and we ended up sticking with (Trish Woodard) and they worked seamlessly together. He also recommended an insurance broker (Jenna Dado) who helped us save loads of money too! So, pretty much, if you need anything, just go to Jared!
Jared from Mortgage City was awesome to work with as a first time home buyer! He really walked us through the process and took care of us every step of the way. Highly recommend using Mortgage City as your lender!!
Alex goes above and beyond. This is someone that treats you like family. Would recommend this broker to anyone looking to buy a home. I just moved to Florida and bought my first home here thanks to Alex’s help! If you want someone you can trust, who’s actually responsive this is the company to use.
Alex was awesome! He was professional, responsive, and incredibly helpful throughout the entire process. He made everything smooth and stress-free. I would highly recommend him to anyone.
I had an outstanding experience from start to finish. The entire team was professional, knowledgeable, and incredibly responsive throughout the process. They took the time to explain every step clearly, answered all of my questions promptly, and made what could have been a stressful experience feel smooth and manageable
If you’re looking for help securing a mortgage, I highly recommend Alex Foster. He’s fantastic to work with, extremely knowledgeable, communicates clearly, and makes the process smooth and stress-free from start to finish.
Bought my first home and decided to take a chance on these guys. Man I couldn’t be happier. From response time, to making me feel welcome from the minute I stepped into the office they were incredible! Alex is a class-act.
Alex was professional, kept us updated throughout, went to bat for us when needed, and helped with a smooth closing. I've referred him to several friends/family and they all have had a great experience.
Alex, we cannot say thank you enough! You’re amazing! Thank you for the quick responses and all of your help! You’re an amazing man father and husband to your family! Thank you for helping us with our second house my friend!
Photo from customer review
I can't thank Alex enough for his support throughout our entire mortgage process! We were first-time homebuyers and felt completely overwhelmed, but Alex patiently guided us through every step, answering all our questions. He found us a GREAT rate, everyone at closing was so impressed by it. Honestly, we couldn't have done it without him! If you're looking for a knowledgeable, dedicated, and genuinely awesome mortgage professional, Alex at Mortgage City is your guy!
I am so glad I chose Mortgage City. I found them on google and was impressed by the excellent reviews they had, but was still skeptical. I worked with Alex and couldn't have asked for a better person to guide me through the home buying process. At all times he looked out for me, stayed on top of everything, and no matter the day and time he responded immediately and took care of it. Despite the high interest rates he was able to find the lowest rate for me. I can't thank him enough for that and I would give him 10 stars if I could. Very professional, always upbeat, and optimistic, an excellent person to work with! Thank you so much guys! 💙
Awesome company! great customer service. Jared was awesome he put our needs first and made sure we had what we needed to close.
Highly recommend Jared. He provided great service and rates.
Alex Foster is an amazing mortgage broker! He was always available to answer questions and discuss mortgage details and rates whenever we asked. As we moved through the mortgage process he worked diligently to ensure everything was done on time with nothing missed. Alex always made sure we knew what our options were and that we got the best rate and mortgage plan for our situation. I can not express how thankful I was that we had mortgage city looking out for us during our home buying process. Would recommend them to anyone looking to buy their next home.
We recently worked with Mortgage City to secure a mortgage for our home, and I cannot recommend them highly enough. From start to finish, the entire process was smooth, transparent, and stress-free. The team was highly knowledgeable and professional. They took the time to explain all the details, answered every question I had, and made sure I was fully comfortable with my mortgage terms. Their customer service was exceptional. I felt valued and respected throughout the process. They were always responsive to my emails and calls, making me feel like a priority. They went above and beyond to ensure I was happy with the outcome. One thing that stood out was how efficient they were. The approval process was fast, and they kept me updated at every step. I never had to chase for updates, which made a typically stressful process much more manageable. If you’re looking for a mortgage agency that combines professionalism, efficiency, and outstanding customer service, look no further than Mortgage City. I am incredibly grateful for their help and would recommend them to anyone in need of mortgage services. Thank you Alex and Mortgage City team
Jared Lincoln. It's hard to sum up my appreciation for him in one small review. He is someone you want on your team. Dependable, reliable, personable, and always very quick to respond. He definetly treats you like a person and not a number or transaction. I would strongly recommend working with him.
It was a pleasure working with Alex Foster! Helped me buy my first house. Explained things very well and got us the best possible rate!
I want to give high praise to Gared, he is so easy to work with and not pushy. Gared made time for me when ever I texted him or called him. I will recommend him to anyone I know who is looking to buy a house or refinance. Thank you again to Gared and his team!!
Alex is wonderful to work with! Great at his job, but an even better person!
I worked with Alex Foster to get my deal done this past month. The entire process was smooth, his communication was outstanding, and I’ll definitely be using him/Mortgage City again in the future. High recommend!
Terrific guys & made the process easy and convenient. I will be going back to them if the need arises and recommending friends and family!
You definitely want to with Alex he’s a professional lender who care so much for his clients. My experience working with him has been excellent in all aspects in the transaction!
Jared has been great. Anytime I needed to make an offer in this competitive market, he was always there and willing to get us quotes, offer letters, whatever it took and anytime of day and or weekend. Incredibly professional and always helpful!. Thank you, again, Jared! You’ve been a blessing to work with!
We used Jared Lincoln at Mortgage city for our mortgage. He was knowledgeable, professional and even at times our biggest fan! Our new construction was complex but Jared took great care of us! Thank You!
We worked with Jared, the owner, for our first home buying experience and it couldn't have been easier. At the start, I appreciated that the application process was done all online through a specific portal - it felt safer than other ways of submitting sensitive information that we experienced while exploring other broker options. Jared made us feel like we were his only client as he always made himself available for calls, questions, writing up letters, and submitting documentation in record time. My favorite thing about the experience, though - and about Jared as a professional - was when we explored an option with another broker that seemed like it was going to save us loads of money. Jared was honest and supportive in saying the quote seemed like an amazing deal while remaining completely professional, letting us know that if anything changed, he'd love to still help us. Well, of course, it was too good to be true and we were sorry that we ever strayed! He welcomed us back with open arms and continued to go above and beyond. He even helped recommend a realtor who was great and we ended up sticking with (Trish Woodard) and they worked seamlessly together. He also recommended an insurance broker (Jenna Dado) who helped us save loads of money too! So, pretty much, if you need anything, just go to Jared!
Jared from Mortgage City was awesome to work with as a first time home buyer! He really walked us through the process and took care of us every step of the way. Highly recommend using Mortgage City as your lender!!