1. WHY DID MY REALTOR REFER ME TO YOU?
  2. WHY SHOULD I USE A REALTOR?
  3. WHY AND HOW DO INTEREST RATES CHANGE?
  4. WHAT HAPPENS ONCE I AM PREAPPROVED?
  5. WHEN SHOULD I CONSIDER REFINANCING?
  6. WHAT IS TITLE INSURANCE?
  7. WHAT IS ESCROW?
  8. WHAT IS MORTGAGE INSURANCE?
  9. HOW DO I GET PRE-APPROVED?

WHY DID MY REALTOR REFER ME TO YOU?

Your realtor knows that the key to a successful transaction is working with a trusted mortgage broker. We have assisted thousands of borrowers in our lending careers and look forward to serving you.

WHY SHOULD I USE A REALTOR?

For most Americans, a home is the most expensive purchase they’ll make in their lifetime. Buying a home is a serious transaction with significant financial and emotional ramifications for the parties involved and having proper representation is critical. If you are in need of an experienced Realtor we are happy to refer you to a trusted real estate agent through our partner network.

WHY AND HOW DO INTEREST RATES CHANGE?

Mortgage interest rates change on a daily basis in response to changes in financial markets, geopolitical events, and economic data reports (i.e., Non-Farm Payrolls, Retail Sales, GDP, Initial Jobless Claims, FOMC Announcements, etc.). The mortgage backed securities and US treasuries markets are good indicators of mortgage interest rates

WHAT HAPPENS ONCE I AM PREAPPROVED?

Once you are preapproved you may begin shopping for a home. Please keep in mind any changes to the financial information you provided at the time of approval may result in a change in the amount or type of loan you qualify for.

WHEN SHOULD I CONSIDER REFINANCING?

Before refinancing, borrowers need to determine their goals. Reducing the interest expense is the most common goal of a refinance. Debt consolidation is another goal of refinancing. Borrowers should also consider how long they will be in their current home to determine if refinancing makes sense. We have helped thousands of homeowners refinance their home and are happy to provide a recommendation given your goals and particular circumstances.

WHAT IS TITLE INSURANCE?

Title insurance protects real estate owners and lenders against any property loss or damage they might experience because of liens, encumbrances, or defects in the title to the property. Defects include items such as another person claiming an ownership interest, improperly recorded documents, fraud, forgery, liens, encroachments, easements, and other items that are specified in the insurance policy.

WHAT IS ESCROW?

Escrow refers to the process in which the funds of a transaction (such as the sale or refinance of a house) are held by a third party pending the fulfillment of the transaction.

WHAT IS MORTGAGE INSURANCE?

Mortgage insurance is an insurance policy which compensates lenders or investors for losses due to the default of a mortgage loan. Lenders require private mortgage insurance (PMI) for loans with loan-to-value (LTV) percentages in excess of 80% (i.e., the buyers put down less than 20% of the home’s value upon purchase).

HOW DO I GET PRE-APPROVED?

The process of getting pre-approved is quite simple. We collect specific documents outlined in our Loan Checklist (available on our website) along with a completed Loan Application (available on our website) and your written authorization (available on our website) to obtain a copy of your credit report. Once these documents have been provided, we can get you pre-approved in a very timely manner.