Mortgage With Mo - Top Mortgage Broker in Milwaukee

We are your top partner when it comes to home financing, helping you every step of the way.

Why Us

Your Trusted Mortgage Broker

The home mortgage process can be overwhelming, but we can help guide you every step of the way. Serving Milwaukee and cities across Wisconsin, we simplify the home search by helping you find the perfect mortgage for your needs and assist you with anything that comes your way. Here is what you can expect from Mortgage With Mo.

Team of Experts
Our team and the people we work with are all professionals with deep expertise in their fields. We've seen it all and we know exactly what needs to be done to finish the process.
5-Star Customer Service
We take our reputation seriously and do every effort to live up to it. You can expect top-rated customer service throughout your entire process.
Quick Turnaround
In today's market, speed is everything. We'll work quickly to find you a mortgage and avoid delaying your search for a perfect home.

Loans

Loans We Work With

Conventional loans are underwritten based on guidelines set by Fannie Mae and Freddie Mac. These are two government-sponsored enterprises that help keep our mortgage market healthy and running. Conventional loans are often the first option that home buyers explore before moving on to other options. First-time home buyers need a minimum of 3% down to qualify for a conventional loan, making this a great option to consider.
FHA loans are insured by the Federal Housing Administration, offering lenders additional protection against default, which allows lenders to feel comfortable offering more relaxed underwriting requirements for your FICO score and debt-to-income ratio. FHA loans also boast lower interest rates than conventional loans and only require 3.5% down, which makes these loans a great option for any home buyer. You can only have one FHA loan out at a time, but you don’t have to be a first-time home buyer to qualify for it.
VA Loans are mortgages backed by the U.S. Department of Veteran Affairs which allows eligible borrowers who’ve served in the U.S. Military to purchase a home with no down payment. You can qualify for this type of loan if you or a family member are a veteran or currently serving in the military. In addition to no down payment, there is no private mortgage insurance, and the interest rates are super competitive. VA Loans can be used to purchase, refinance, or pull cash out of an existing home.
Homeowners who have an existing mortgage have the option to refinance their loan. A traditional refinance involves taking out a new mortgage and paying off your existing one. Ideally, the new mortgage you take out offers better terms and conditions than your previous mortgage, such as a lower interest rate and or a shorter duration. Refinances are great to consider if current interest rates are lower than your existing mortgage’s interest rate. There is also Cash Out Refinance. A Cash Out Refinance involves taking out a new mortgage to pay off your existing one. The difference is that a Cash Out Refinance focuses on accessing the equity in your home, while a traditional refinance focuses on modifying the terms and conditions of your mortgage. Consider a Cash Out Refinance if the value of your home is higher than the remaining mortgage balance you have. Cash Out proceeds can be used for anything, from home renovation projects to credit card bills to grocery shopping, and more.
ARM stands for adjustable rate mortgage, which means the interest rate on your loan will fluctuate over time. These loans are beneficial in very niche situations. Most of the time, it’s in your best interest to stay with a fixed-rate mortgage where your monthly payment will be predictable.
HELOC stands for Home Equity Line of Credit. A HELOC is different from a refinance in that HELOCs are NOT new mortgages, but instead a line of credit similar to a credit card where the credit limit is based on how much equity you have in your home. HELOCs are a good option to consider if you want to keep the existing rate and terms of your mortgage but still need to access the equity in your home. HELOCs often have interest-only payments for the first few years, followed by a period of interest and principal payments for any remaining balance you have.
DSCR stands for Debt Service Coverage Ratio, which measures the ability of the rental property to cover its monthly expenses. Your debt-to-income ratio, personal monthly income, tax returns, and work history are not considered when applying for DSCR loans. DSCR loans are much easier to qualify for for entrepreneurs and investors who don’t show strong income on their tax returns. The trade-off is that DSCR loans have higher interest rates than conventional investment loans. You can purchase a 2-4 unit with 20% down using a DSCR loan vs the 25% down that you would need for a conventional loan.

FAQ

Frequently Asked Questions

The best way to figure out how much of a house you can afford is to connect with a loan officer! Lenders calculate monthly payments for breakfast and can quickly assess how much you can afford with a few questions. We would love to advise you on how much you could borrow up to while keeping the monthly payment where you want it.
The most important thing to consider when assessing how much of a house you can afford is the total monthly payment, also called PITI(a). PITI(a) stands for principal, interest, taxes, insurance, and HOA dues (if it's a condo) and makes up your total monthly payment. The easiest way to determine a rough price range is to analyze 2 or 3 specific homes.
First, determine the maximum amount you feel comfortable paying every month for a home. Next, pick a specific house at a price point that you think is realistic for you. Find that home’s annual property tax bill amount and note that down, along with the purchase price of the home you’ve selected.
You will need to use your own estimate for your monthly homeowner's insurance payment. Consider consulting with an insurance agent to get a rough estimate of how much homeowners insurance costs in your area. We work with a handful of vetted and epic insurance agents and can connect you with someone if you’d like!
If you want to live in a condo, make sure you note the HOA fee. You can find an estimate of an interest rate easily online. Open up a mortgage calculator and plug your numbers in to determine your total monthly payment, and assume you need to put at least 3% down.
How does that figure compare to your maximum comfortable payment? If it’s too high or low, then redo your analysis with a lower or higher-priced home and repeat this process to obtain a rough price range.
You do NOT need 20% down to buy a home! There are many low-down payment loan options for owner-occupied home purchases. Your down payment can be as low as 3%. If you’re a veteran, chances are that you can even qualify for a VA loan which requires 0% down.
A pre-qualification is a quick way for your lender to determine if you qualify for a mortgage. Their assessment is simply based on information that you provide them without gathering any documentation to verify that information. Lenders will use a soft credit pull to do a pre-qualification with no impact on your credit score.
A pre-approval is one step higher than a pre-qualification. Your lender will gather the needed documents and verify the information you’ve provided, along with performing a hard credit pull. When you’re ready to seriously start your house hunt, you’ll want to get pre-approved.
A pre-approval letter shows home sellers that you’ve taken the first steps towards obtaining financing and that your information and loanworthiness have been reviewed and verified by a professional loan officer.
Having a fixed interest rate on your mortgage means that your interest rate will never change throughout the life of your loan. This makes your monthly payments predictable from month to month and is typically what makes the most sense for the majority of borrowers.
Having an adjustable interest rate on your mortgage means that your interest rate can fluctuate over time. Generally speaking, ARM loans have interest rates that start out lower than comparable fixed-rate mortgages, often referred to as a teaser rate. After the teaser period ends, your interest rate can start to fluctuate, along with your monthly payments.
ARM loans may make sense to take out during periods of higher interest rates. You need to fully understand the terms and conditions of your ARM loan as it’s vital that you have a plan in place once your interest rate becomes adjustable in case your monthly payments go up.
PMI stands for Private Mortgage Insurance which protects the lender in case you default on your loan. You are required to pay PMI until you have at least 20% equity in your home. You can also avoid paying PMI if you put 20% down at closing. PMI can range anywhere from $30 to $100 per month, depending on various factors such as the loan amount, your FICO score, and the specific loan program. For conventional loans, your PMI payment is automatically removed once you have 22% equity in your home. You can manually apply for PMI to be removed from your monthly payment once you have 20% equity.
The process of filling out a mortgage application takes 15-30 minutes. Fully reviewing your application can take 1-2 days. Once you’re pre-approved and get an accepted offer on a home, it typically takes 30 days to close and for you to be able to move in.

Trusted By Many

Testimonials

David was great to work with!! I met him under a month ago and he was diligent in getting my loan done and cash in hand! Even through complications or challenges he was diligent and fast. Super responsive and will definitely work with him again for my upcoming refinance!
Alan Nogier
WOW, Just WOW. David Mo @ Epic Mortgage had a very complicated loan product with his buyer and was there to help us navigate throughout the entire transaction.. He was always professional and answered every communication regardless of the time of day. As the listing agent I seldom get involved on the lending side, but David welcomed the relationship and was transparent every step of the way. He really cares about his clients! 5 Stars all around!!
Robert Iriarte
David is an awesome agent. He is very professional, patient and makes the process the best it can be. He is always honest and gives his truest opinion. He helped me purchase my first property in Milwaukee. I am glad that I got to work with him and highly recommend him.
Milena Abramov

Statistics

1-Year Numbers

$4,300,000 Worth of Loans Funded
22+ Happy Clients
28 Days Average Closing Time

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