Purchase Calculator

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FAQ

Most frequent questions and answers

By using our Mortgage calculator in our Home page

Your debt-to-income ratio (DTI) compares how much you owe each month to how much you earn.

Mortgage insurance protects the lender. You’ll have to pay for it if you get an FHA mortgage or put down less than 20% on a conventional loan.

Are funds that are accessible to a borrower after they’ve paid their down payment and closing costs

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it can impact it, based on the income and time in same field from previous job

yes, contact your loan advisor after the loan is submitted

Prepaid interest charges on a mortgage loan represent the amount of interest that you owe between signing your loan agreement and making your first monthly payment

Mortgage closing costs are fees and expenses you pay when you secure a loan for your home, beyond the down payment

  1. Photo ID. The title company running your mortgage loan closing will verify your identity.
  2. Cashier’s Check.
  3. The Closing Disclosure. 
  4. Proof Of Insurance.
  5. Professional Representation

after the mortgage has closed and  escrow has released the funds

yes, there a many programs we have for this. please contact us to discuss what your options may be