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?