MORTGAGE FAQ

Mortgage options have many various paths to take.  We have compiled additional information to answer all of your Mortgage questions as well as defining some of the options available to you.  Please click on any of the below hyperlinks to review the information.

Your FICO Score - All the years you've been paying your mortgage, car payments, and credit card bills can be analyzed, sliced, diced, spindled and mutilated into a single indicator of whether you're likely to meet your future obligations.

Loan Application Checklist 

Mortgage Shopping - How do you determine the cost of a mortgage loan.

Lender Types

Applying for a loan, loan rates, loan tips -  By following a few easy steps, you'll sail through the loan application process.

Loan Programs - Review list of loan programs and find one that will best serve your needs.

Get Pre-Qualified - A number of factors determine the price range of homes you'll want to preview - one of these factors is loan pre-qualification. 

Your Buying Power - Determining how much money you can dedicate to the purchase of your new house affects almost every aspect of buying a new home - including how the offer is written, which mortgage programs you will qualify for,  and which homes are truly in your price range.

Your Down Payment - The amount you have available for a down payment will affect what types of loans for which you can qualify.

Loan-Related Closing Costs - Learn about loan origination fees, points, appraisal fees, credit reports, interest payments and escrow.

Mortgage Saving Tips - There's a simple trick to significantly reduce the length of your mortgage and save you thousands of dollars.

Closing Costs - There are certain standard costs associated with closing the sale of a house. These fees are split between the buyer and the seller, as spelled out in the sales contract.  Learn about closing costs, and answeres to  any questions you may have explaining which costs are decreed by law to be yours and which are negotiable.

Tax Closing Costs - Learn about property taxes at the time of sale, transfer taxes and recording fees.

How Escrow Works - To finalize the sale of the home a neutral, third party (the escrow holder, a.k.a. escrow agent) is engaged to assure the transaction will close properly and on time.

Lease Analysis - Selecting the best commercial property requires strong market knowledge and a skilled eye.

Glossary