Best Home Loan Sites:

1. Only $ 8.95 a month  2. Make $72/Hour Online  3. Real Estate Investme  4. Service Magic  5. One Hour NUANS Repor  6. Sell Your Home In 21  7. Abley Real Estate, P  8. Charlotte Lake Norma  9. Carol Zambuto Wilson 10. HousingAdviser.Com 11. DistinctLiving.com 12. OnTheWebRealEstate.c 13. Sydney Real Estate i 14. Redding Realtors 15. Hal Sheeler, Dartmou 16. FOR HOUSE SALES 17. Real Estate 18. HouseWeb.ca - For Sa 19. Toledo, Maumee, Luca 20. Comprehensive Real E

More Mortgage Resources:
Mortgage Refinancing
Home Loan Application
Best Home Loan Providers
Home Improvement Loans

Loan Costs

• How can I compare the rates quoted by different lenders?
• What are "points"?
• Is a "no cost loan" really no cost?
• What does a "rate lock" mean?

Qualifying

• What does it mean to "qualify" for a loan?
• What is the difference between pre-qualification and pre-approval?
• What is a FICO score?
• If I have some credit problems in the past, can I still get a home loan?
• What does "cash to close" mean?

Insurance

• What is mortgage insurance? How is it different from homeowner’s insurance?
• What is title insurance? Why do I need it?
• How do I know whether I need flood insurance?

Mortgage Payments

• What is included in my monthly payment?
• What is an escrow account? Is that different from the escrow I had when I bought my house?
• What happens when my loan is "sold"?
• Is there a pre-payment penalty on my loan?
• If I pay extra each month, how much quicker can I pay off my loan?
• What is the benefit of a "bi-weekly" mortgage?

Applying for a Loan

• Do I have to have a property to apply for a loan?
• What paperwork does the lender need to process the application?

Refinancing

• How do I know when it is a good time to refinance?

Types of Mortgage Loans

• What is a conventional loan?
• What is FHA and VA?
• What is a conforming loan? What is a non-conforming loan?
• Why should I choose a fixed rate over an adjustable rate loan?
• Is an equity loan the same as a second mortgage?
• What is a B/C loan?

Where the Money Comes From

• Who are Fannie Mae, Freddie Mac, and Ginnie Mae... and what do they have to do with home loans?

What paperwork does the lender need to process the application?

Generally the lender will require proof of employment and income in the form of paystubs and/or tax returns and proof of assets in the form of bank or brokerage statements. Usually, this documentation and a credit report is sufficient for the lender to determine whether the borrower can afford the requested loan amount. If a property is identified, then an appraisal, property condition report, and preliminary title report will be required along with a complete copy of the purchase contract.

Home Sites: