Mortgage Questions & Answers

What is a HELOC?

Can I get a home loan if I have had a previous bankruptcy or foreclosure?

Can I get a loan without verifying my income or assets?

Do I have to own a home to get a loan?

What is Cost of Funds Index (COFI)?

How do I know how much house I can afford?

How do I know which type of mortgage is best for me?

How is an index and margin used in an ARM?

How much cash will I need to purchase a home?

Is the interest on my loan tax deductible?

I've had past credit problems, will I qualify for a loan?

What does my mortgage payment include?

What is a FICO Score?

What is the difference between a fixed-rate loan and an adjustable-rate loan?

Should I declare Bankruptcy?

How can I Avoid Foreclosure?

What are Home and Real Estate appraisals?

What are the different Appraisal Methods?

Why Are Appraisals Done?

What is PMI and how does it work?

Why should I buy a home?

Should I choose a fixed rate or adjustable rate loan?

When does it make sense to pay points?

Should I consider a Flex-Pay (Interest-Only) loan option?

Should I choose a loan with negative amortization?

How can I be sure my mortgage choice will be the best financial option?

What is the process for getting a loan?

What is Involved in Obtaining a Mortgage?

What are Points?

What is a Second Mortgage?

How long will it take to close the loan once I accept an offer?

What is a Simple Interest Loan and is it right for me?

What is APR?

How can I lock in a low interest rate?

How can I improve my Credit?

How can I buy down my interest rate?

Choosing a Mortgage Company