Everything that you’ve always wanted to know about home financing but were afraid to ask…
Click on the links below to find the answers to the most commonly asked home financing questions!
- … What is the difference between pre-qualifying and pre-approval?
- … What are the steps involved in the loan process?
- … What will most lenders consider before giving me a residential mortgage loan?
- … How much of a down payment will I need to buy a home?
- … What is “earnest money,” and how much do I need?
- … How does a lender determine the maximum mortgage I can afford?
- … What is a mortgage, and what are the benefits of different kinds of mortgages?
- … What are the different types of lenders, and how do I choose the right one for me?
- … Are there any mortgages especially designed for first time home buyers?
- … Can I get an FHA or VA mortgage?
- … What are “points”?
- … What is APR, and how is it calculated?
- … What is a Good Faith Estimate?
- … How can I find out what my property tax bill will be?
- … What does my monthly mortgage payment include? And what does PI and PITI stand for?
- … What are the respective advantages of 15 year and 30 year terms?
- … Which type of loan is best? Fixed or Adjustable?
- … What can I do if I have a fixed rate loan, and interest rates go down?
- … Can I pay my loan off early?
- … Do I need to talk to my insurance agent?
