faq's

What does RESPA Do?
Under RESPA (Real Estate Settlement Procedures Act), lenders are legally required to provide you with a good faith estimate within three days after receiving your application. The information gives you an estimate of your closing costs and monthly payments.

What are other options if my loan is not Approved?
A lender is required by law to explain in writing the reasons why your loan was not approved. An important thing to remember is that if the lender declines your loan application it does not necessarily mean that the purchase of a home is not in your future.

Do you want a low mortgage payment? Contact us now to obtain the loan you are looking for!

Are you ready to buy?
If you rent the home you live in, the right planning could enable you to buy a home.

To discover your home buying potential, calculate your:

• Income
• Savings
• Monthly Expenses
• Debt

These factors determine how big a loan you can afford and how buying a home will affect your monthly budget.

What are some homeowner's tax benefits?
Purchasing a home can provide valuable tax savings to home buyers. Mortgage interest, property tax, and other payments associated with financing a home can apply to your tax deductions. They may decrease the amount of income tax you must pay to the federal government.

Do you want a low mortgage payment? Contact us now to obtain the loan you are looking for!