The most common reason for refinancing is to save money. Saving money through refinancing can be achieved... (more)
Should I pay points? Does a 0 point/0 fee loan really exist?
The best way to decide whether you should pay points or not is to perform a break-even analysis. This is done...(more)
What is a FICO score?
A FICO score is a credit score developed by Fair Isaac & Co. Credit scoring is a method of...(more)
Why do interest rates change?
To understand why mortgage rates change we must first ask the more general question, "Why do interest rates change?" It is important to realize that...(more)
What is the difference between pre-qualifying and pre-approval?
A pre-qualification is normally issued by a loan officer, who, after interviewing you, determines the dollar value of a loan you can be approved for. However...(more)
What is a rate lock?
You cannot close a mortgage loan without locking in an interest rate. There are four components...(more)
Can my loan be sold? What happens if my lender goes out of business?
Your loan can be
sold at any time. There is a secondary mortgage...(more)
What is PMI? Can I get rid of the PMI on my loan?
PMI or Private Mortgage Insurance is normally
required when you...(more)
What is an APR?
The annual percentage rate (APR) is an interest
rate that is different from the note rate. It is commonly... (more)
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Should I pay points?
What is a FICO score?
Why do interest rates change?
What is pre-qualifying and pre-approval?
What is a rate lock?
Can my loan be sold?
What is PMI?ap
What is an APR?
The Steps In
Home Purchasing
The Loan Process
The Loan Program
Things to Avoid
Questions & Answers
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