So you’re starting the due diligence process and want to know more about mortgage financing. Regardless of whether it’s a purchase or refinance home loan, these are the three most common questions we get from our clients when starting:
- What are the rates?
- What are the fees?
- What are the payments?
In an attempt to answer these questions (and more), please review the sections below and call us when you’re ready to discuss details.
Payment Calculators – check out our calculators to determine potential payments and costs for various programs.
Escrows – learn about escrows, when they’re required, how new construction impacts them, and what they mean to you.
Prepaids – what are prepaids and how do they impact your costs to close?
Mortgage Insurance – MI, PMI, MIP, Funding Fees, etc. What’s the difference and when is it required and for how long?
Closing Costs – get a breakdown of our fees and learn how to compare other lenders.
Seller Concessions – learn why they’re great but also know that they are becoming a thing of the past.
Locking Process – when can you lock your rate and how do you do it?
Market Updates – learn what drives interest rates and what you can do to follow the market
Tax Deductions – check out the various ways you can save on income taxes.
Our Team – we’ll know everything about you when we’re done; you might as well learn a little about us.
The Loan Process – a breakdown of the timeline and task when getting a mortgage – purchase or refinance.
Home Loan Process – learn the steps of what it means to buy a home.
Down Payment Amounts – overview of what you should (and shouldn’t) part with for a down payment when buying a home as well as the requirements for various loan programs.
Second Liens – want to get a second mortgage? What are the advantages (and disadvantages) and how does that impact your rate and costs?
New Construction – learn about the nuances when buying new construction (like how the closing costs and prepaids change).