The loan process does not have to be complicated. Below are a few common questions homeowners frequently ask.

I am not sure that I qualify for a mortgage loan. How do I find out?
Below are three links to Mortgage firms I commonly use. They can calculate your debt-to-income ratio, and explain which mortgage product is best for you.

There are various mortgage loans available. How do I know which one is best for me?
Mortgage loans can be confusing. Depending on the length you plan to live in your new home, an Adjustable Rate Mortgage might be the answer.

Fixed rate mortgages, are just what they say they are and are the most common. You should also consider whether or not you should pay points to "buy down" a lower rate. If you are a First-Time Homebuyer, you may be able to put down as little as 3%. Your loan officer can tailor-make a loan to meet your specific needs.

What are points?
Each point is equal to 1% of your loan amount. For example, if you are financing $100,000, 1 point equals $1,000.00. Usually, by paying points you can obtain a lower interest rate.

How do I know my request has been approved?
Throughout the loan process, one of the the Mortgage Specialists I recommend or your lender, is committed to keeping you informed of your current status. Once approved, you receive a call from the Loan Processor and a copy of the Loan Commitment in the mail.

Is interest on my loan tax deductible?
Generally, interest on home loans is tax deductible. Consult your Tax Advisor for details.

Below are loan companies I highly recommend. As your agent, I work closely with you and the Loan Processor to ensure the best rate and most complete service.