Questions to ask when applying for a home loan

Written by Bill MacDonaldSeptember 14th, 20224 minute read

If you're a home buyer, you have questions about which loan program is right for you. Or you may be wondering what closing costs are or how much of a down payment you will need to buy a home. If you've purchased a home previously, you should know that a lot has changed over the last few years. So here's a collection of articles to make you a more informed home buyer.

What is mortgage prequalification?

You hear it from everyone when you want to buy a house. Some people say pre-approval, other people say pre-qualification. Is there a difference? There is a difference, there is a significant difference between the two words and their meaning. Read more

What is APR? Is that my interest rate?

You see it all the time. You see it on the television, on websites, and hear it on the radio. Two interest rates. The proposed interest rate and a second rate called "APR". The APR rate is always higher. So what is it? Read more

How important is your credit score and credit history?

Your credit rating not only impacts your ability to obtain a home loan, but also affects your car insurance, and possibly a new job.

FHA home loan questions & answers

The FHA loan program is one of the most popular mortgages for home buyers, but what do you know about the mortgage program?

Conventional home loan questions & answers

USDA home loan questions & answers

VA home loan questions & answers

Home buyer questions and answers

Mortgage lender questions and answers

Did you know that the lender can pay a percentage of your closing cost? It's true, and recent changes to the conventional mortgage increased the lender paid closing cost amount. Read more

Questions to ask your real estate agent