Answers to the Top 6 Most Commonly Asked Mortgage Questions

Whether it’s mortgage insurance, different loan types or the types of documents you need to get pre-approved, there’s a lot that goes into the mortgage process. Pelican Mortgage Originators Chris Neal, NMLS ID #1385376, and Jennifer McMinn-Griffin, NMLS ID #1409144, have helped plenty of members purchase a home to call their own.

Real estate questions abound when you’re new to the buying process. Here we highlight some of the top queries that come up time and again. Real Estate Questions Asked by Home Buyers-Answered.

Are Low Interest Rates Here to Stay? Are Low Interest Rates Here to Stay? – Garnet Real Estate. –  · Are Low Interest Rates Here to Stay? Interest rates for a 30-year fixed rate mortgage have been on the decline since November, now reaching lows last seen in January 2018. According to Freddie Mac’s latest primary mortgage market survey, rates came in at 4.12% last week!

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Top Mortgage Questions Before Closing To help answer your questions, we’ve provided answers to the most commonly asked questions. If your question isn’t answered below, please feel free to contact us (1-866-236-8165), we are happy to help.

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Most Common Mortgage Questions – And Answers Posted by Stasia Johnson on Monday, April 23, 2018 at 4:25 PM By Stasia Johnson / April 23, 2018 Comment If you’re planning to buy a home, getting your financial footing is the first step in the process.

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Closing costs are fees incurred in a real estate or mortgage transaction and paid by borrower and/or seller during a mortgage closing. These typically include a loan origination fee, discount points, attorney’s fees, title insurance, appraisal, survey and any items that must be prepaid, such as taxes and insurance escrow payments.

Your Top Mortgage Questions Answered. Getting a mortgage is one of the most stressful parts of buying a home, and it can be hard to get the answers you need in order to understand the mortgage.