When should I refinance?
It's generally a good time to refinance when you can lower your monthly payment or are looking to take cash out to pay off debt, do home improvement, or use your equity to purchase another asset.
Should i pay points to lower my interest rate?
This depends on how long you plan on retaining the asset and what your goals are. This is something you should discuss the specifics of with our team, and we can come up with a customized plan that suits your specific needs.
What is an apr?
The annual percentage rate (APR) is the total cost of your loan, including fees, as a yearly rate.
What does it mean to lock the interest rate?
To lock the interest rate means that regardless of what the market does during your purchase process, your rate will not change for the locked period, typically 30 days.
What documents do I need to prepare for my loan application?
Each application will require unique documentation throughout the mortgage loan process. However, there are some basic items pretty much everyone will need. View our Application Checklist to see what you’ll need.
what is an appraisal?
An appraisal is an estimate of the value of your home. It is an opinion of value and typically based on similar properties and what they have sold for.