Frequently Asked Questions About Home Loans
Since the subject of home loans tends to be somewhat complicated, it's only natural that Buyers will have questions. Here is a list of some of the most common questions - and answers to explain and illuminate.
1. What are the most commonly made mistakes in buying or refinancing a house?
2. Should I refinance?
3. Should I pay points? Does a 0 point/0 fee loan really exist?
4. What is a FICO score?
5. Why do interest rates change?
6. What is the difference between pre-qualifying and pre-approval?
7. What is a rate lock?
8. Can my loan be sold? What happens if my lender goes out of business?
9. What is PMI? Can I get rid of the PMI on my loan?
10. What is an APR?
Please contact us for assistance with your questions that are not answered here.