The compensation that a buyer’s agent receives typically comes from the seller’s proceeds, and that … Continue reading...
What is a “Buyer Agency Agreement”?
A Buyer agency agreement is a contract between a buyer and a real estate agent. The buyer agency … Continue reading...
When do my mortgage payments start?
Usually about 30 days after closing. The actual date of your first payment will be included in your … Continue reading...
What do the closing costs include?
Closing costs cover processing and administration of your loan. In addition to a loan fee, you’ll … Continue reading...
Can I pay those other things separately?
Not on an FHA or VA-insured loan. Most other loans, you can pay your own taxes and homeowners … Continue reading...
What’s included in my house payment?
Principal and interest on your loan, most lenders include homeowners insurance, mortgage insurance … Continue reading...
Could anything delay approval of my loan?
If you provide the lender with complete, accurate information, everything should go smoothly. You … Continue reading...
What documents will I have to provide?
Be prepared to provide verification of income (including a pay stub and recent tax returns), bank … Continue reading...
How long does it take to process a mortgage application?
Approximately 45 to 60 days, although it can take as few as seven days and as long as 90 days for … Continue reading...
What types of mortgage programs are offered?
Currently there are numerous different mortgage products available, including, but not limited … Continue reading...
What is the difference between “prequalified and pre-approved?
A pre-qualification consists of a discussion between a home buyer and a loan officer. The loan … Continue reading...