The mortgage process can be overwhelming at first, but it doesn’t have to be. Our lending professionals are here to walk you through the entire process from application to closing. We believe in building relationships that last beyond the loan closing. Feel free to use the resources below for some of the more common questions or give us a call so we can provide a personalized evaluation and recommendation that meets your specific needs.
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Mortgage Tools & Resources
We are happy to provide these useful tools for your convenience. No matter if you are determining whether or not you should buy, or just want to know how much the different options will cost you, these free mortgage tools will help.
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Mortgage Types
There are many varieties of mortgages to home buyers and the differences can seem overwhelming at first. The two primary characteristics are the length of the mortgage and whether or not the interest rate is fixed or adjustable.
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Annual Percentage Yield – APR
In comparing any type of loan, whether it be a fixed rate loan to a fixed rate loan, adjustable rate loan to adjustable rate loan or fixed rate loan to adjustable rate loan, there is one way that can be used to compare apples to apples and even apples to oranges. APRs are designed to […]
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Real Estate Settlement Protection Act (RESPA)
This law protects consumers from abuses during the residential real estate purchase and loan process and enables them to be better informed shoppers by requiring disclosure of costs of settlement services. The U.S. Department of Housing and Urban Development’s (HUD) Federal Housing Administration (FHA) administers several regulatory programs to ensure equity and efficiency in the […]
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Escrow Account Basics
Mortgage escrow accounts are special accounts set up in which money is held to pay for property taxes, fire and hazard insurance premiums, mortgage insurance premiums, and other escrow items. Escrow accounts ensure that these items are paid in a timely fashion. They are a guarantee that there is always enough money to pay these […]
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Mortgage Process
We aim to prepare you for the entire mortgage process. If these resources don’t answer your question please feel free to call with any questions about the mortgage process.
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Terms & Definitions
Below we define some of the most commonly used terms & definitions used in the mortgage process.
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