These FAQs cover some of the fundamental questions that individuals often have when considering a mortgage, but we are here to provide personalized guidance and address any specific concerns you may have.
Commonly required documents include pay stubs, W-2’s, bank statements, and identification. Self-employed borrowers require additional documentation. We’ll provide you with a checklist of necessary documents and guide you through the application process.
Closing costs include various fees, such as appraisal, title insurance, and origination charges. Some costs can be negotiated, while others cannot. We’ll provide a detailed breakdown of your closing costs and help you explore options to save you as much money as possible.
The timeline can vary, but it usually takes 21 to 30 days to complete the mortgage approval process. Delays can occur due to various factors, but we’ll work diligently to streamline the process as much as possible and have closed loans in less time when needed.
A fixed-rate mortgage has a stable interest rate throughout the loan term, while an ARM typically offers a lower initial rate that adjusts periodically. We can explain the pros and cons of each option to help you decide which suits your needs.