Related FAQs
Understand the minimum qualifying debt to income ratio for a jumbo mortgage loan. Read more
Understand the minimum qualifying debt to income ratio for a jumbo mortgage loan. Read more
Prepaid costs are payments made at closing for upcoming line items of your new home loan. They're called "prepaid" costs because you're paying for them before they are technically due. The most common kinds of prepaid costs are homeowners insurance, property taxes, and mortgage interest. These are paid into an escrow account to ensure that you have money to pay your bills when they become due. Read more
Prepaid costs are payments made at closing for upcoming line items of your new home loan. They're called "prepaid" costs because you're paying for them before they are technically due. The most common kinds of prepaid costs are homeowners insurance, property taxes, and mortgage interest. These are paid into an escrow account to ensure that you have money to pay your bills when they become due. Read more
Learn what a loan consultant is, how they expertly guide you through the mortgage process, and when your main point of contact shifts to a processing expert. Read more
Learn what a loan consultant is, how they expertly guide you through the mortgage process, and when your main point of contact shifts to a processing expert. Read more