Frequently Asked Questions

• When should I refinance?
• What are points?
• Should I pay points to lower my interest rate?
• What is an APR?
• What does it mean to lock the interest rate?
• What documents do I need to prepare for my loan application?
• How is my credit judged by lenders?
• What can I do to improve my credit score?
• What is an Appraisal ?
• What is PMI (Private Mortgage Insurance)?
• What is 80-10-10 financing?
• What happens at closing ?