Fifth Third Bank

Mortgage Basics

Enjoy the process

It’s a great feeling owning a home—especially when you have a mortgage that’s right for you. At Fifth Third, we're here to help you make that happen. The information below gives you tips and tools that can make your home loan search and selection easier.

 

Fifth Third Mortgage Education

First-time Home Buyer

Buying your first home is exciting, but can also be overwhelming. At Fifth Third, we have a lot of tips and tools that can help you relax and enjoy shopping, buying and living in your dream home.  

Buying a Home

An important first step to buying a home is to secure a pre-qualification letter from the lender, which can help assure the seller you are able to buy. Find out about the pre-qualification letter and other arrangements you can make to prepare for your first home purchase. 

Refinancing a Mortgage

Choosing the right lender to refinance your existing mortgage is just as important as it was when you first purchased your home. At Fifth Third, we have a wide selection of financing options, so chances are you're sure to find the type of mortgage that suits you and your lifestyle. 

After Closing

Learning about mortgages doesn’t stop when you finish signing the papers. You’ll need to know about topics like escrow, taxes, insurance and more.  

Mortgage Types

When it comes to getting the right mortgage, there’s a lot to think about, and making the wrong decision could be very costly. When you're ready, our Mortgage Loan Originators can help explain everything you need to know and connect you with the right mortgage for your financial situation.  

Mortgage Calculators

Buying a home can be emotional. There are a lot of hard numbers to “crunch” before you can enter into the process comfortably. With these easy-to-use mortgage calculators you can find out the answers financial questions such as:

  • Am I better off refinancing?
  • How much will my mortgage payments be?
  • What home can I afford? 

FAQs

It’s perfectly natural to have questions during your home buying or refinancing process. We’ve compiled a list of the most frequently asked ones for your review. This could save you time and anxiety, and help you focus on finding your dream home. 

Mortgage Glossary

The mortgage and home buying process has its own set of unique word and phrases. Find out what terms like deed in lieu, construction permanent financing and earnest money mean - and how they could affect your understanding of the overall process. 

Escrow Education

As you review your statement, you may have questions about your Escrow account. We’ve compiled a list of the most frequently asked questions to help guide you through your review.