Q&A
Click on a question below to see the answer to our most commonly asked questions:
Q: What is Mortgage Insurance?
A: Additional insurance that is required by your lender for loans that exceed 80% LTV.
Q: What is the difference between a Home Equity Loan and a Home Equity Line of Credit?
A: A Home Equity Loan is for a fixed term and specific amount. A Home Equity Line has a credit limit establish and has availability up to the credit limit and the interest rate is variable.
Q: Can I get a copy of my appraisal?
A: Yes, If an appraisal is needed for your transaction we are required to issue you a copy in some form.
Q: What is a Fixed-Rate Mortgage?
A: A Mortgage where the rate is fixed for the term. Examples: 15, 20, and 30 years.
Q: Is there a minimum mortgage loan amount?
A: No.