How is my mortgage payment determined? What is debt to income ratio? Can I use money from my 401k? How long do I need to be employed with my current jab before applying for a loan? Will my monthly payment change during the loan term? How long does the loan process take? When will I know exactly how much money I need for closing? When is my first mortgage payment due? Why do you ask for so many documents throughout my loan? Can I give you everything in the beginning? What is Pre-Paid Interest? What is PMI? When does PMI fall off? Is there a Pre-Payment Penalty on loans? What’s an Escrow account? How does the appraisal work? Who orders it? Do I need to be there? What is loan processing and what does a loan processor do? Who is the underwriter? What does an underwriter do? How long does underwriting take? What is conditional loan approval? When do I need to have homeowner’s insurance? What are discount points, and should I pay them? What is the difference between construction and resale? Can I finance renovations to a house? Can I use downpayment assistance and also finance in renovations? Is the process any different if I’m purchasing a condo? What is a closing disclosure?