Mortgage FAQs

Here is a collection of frequently asked questions that have been put together to help you in buying or selling a home. If you have any other questions, not listed here, feel free to call or send an e-mail.

By clicking on any of the questions below, you may view the answer.

What is a lock in?
What is underwriting?
What is PITI and what does it stand for?
What is a gift letter?
What does Prepaid Interest mean?
What does the origination fee cover?
Why is the Annual Percentage Rate (APR) on the Truth in Lending Disclosure higher than the rate shown on my note, which is the rate I thought I chose?
Should discount points be paid to lower (buy down) an interest rate?
How long does the loan process take?
What is an escrow account?
Are lenders limited in the amount of escrow funds they can collect from borrowers?
Can I pay my own taxes and insurance?
What do I do if I receive a tax statement?

Why did my mortgage payment amount change?
What is an ARM loan?
What benefits do I receive from private mortgage insurance?
How is interest calculated on a mortgage loan?
Why does the title have to be cleared before I can get a mortgage?
How much time will it take to close my loan (sign the loan documents)?
What are the benefits of doing a first and second lien conbination?

What is preapproval or prequalification?
How can I avoid private mortgage insurance?
What is my credit score and how is it calculated?
Is there a minimum credit score?
Must I use the mortgage company that my builder directs me to?


400517


Rama Mehra
Keller Williams Realty
Ph: 1-888-703-7262  -  Fax: 925-891-9180
760 Camino Ramon, Ste 200
Danville, CA 94526
None 01463395
www.ramamehra.com
 

Home |  Deciding To Sell |  Sale Prices of Homes in San Ramon |  Buying a Newly Built Home ? |  Sell Your House |  Search Homes |  Foreclosure Listing |  Eight steps to selling your home |  New Homes in Windemere, San Ramon |  Campton by Brookfield Homes |  10 Questions to Ask Your Realtor about Selling a House |  Rental Home Finder |  Seller Reports |  Celamonte by Centex Homes |  Gale Ranch in San Ramon |  Home Value Request |  Client Testimonials |  Instant Home Value |  Relocation Request |  Windemere Schools and Update |  New Schools in San Ramon |  San Ramon Relo guide |  Danville Relo Guide |  Windemere - Schools |  Dougherty Valley Community Center |  Dublin Relo guide |  Windemere - Parks |  Parks in Windemere |  City of San Ramon |  City of Dublin |  Windemere -Trails & Open spaces |  Windemere - Community Center |  City of Danville |  City of Livermore |  Windemere - Dougherty Station Library |  Windemere - Services |  City of Pleasanton |  Local Area Info |  Local Windemere Services |  Local Schools |  Local Weather |  Mortgage Articles |  Housing Programs in The Tri Valley |  Child Care Services |  Senior Services  |  Health Services |  VIP Home Request |  Monthly Housing Market Update |  News Headlines |  Real Estate Articles |  F.A.Qs |  Calculators |  Mortgage Glossary |  Mortgage FAQs |  About Rama Mehra |  Contact Rama Mehra |  Mortgage Links |  Local Links |  Homes Sold By Rama Mehra |  Buyer Reports |  Testimonial 1 |  Testimonial 2 |  Links |  Link to Me |  San Ramon Housing Blog |  Windemere Insider Blog |  What is the The California Foreclosure Prevention Act? |  Short Sale Overview and FAQ's | 

LinkUAgent - Link Partner

LinkUAgent Partner

REALS.COM - #1 Real Estate Directory    Realestater.com - Real Estate Directory, Real Estate Resource, Realtor Guide.    Real Estate Directory and Real Estate Resources     RealEstateYellow.com - Real estate Yellow page and real state directory    RealEstateLinkExchange.com   HouseBuySell.com   
Powered by LinkUSystems: LinkURealty - Real Estate Web Design & Websites