Data Security & Confidentiality

Your personal information is personal! The information we collect when processing your loan is only used for the direct purpose of securing your mortgage. We do not share your information with anyone not involved in processing, underwriting or servicing your loan. In addition, we use proven methods to protect all of the data and information…

About Settlement Costs

There are three basic categories of settlement costs: 1. Fees to get a mortgage. This includes lender fees and points, as well as a host of other charges involved in obtaining and processing your loan. Points are an upfront charge expressed as a percent of the loan amount (e.g., 1 point is 1 percent of the…

About Interest Rates & APR

WHAT IS THE DIFFERENCE BETWEEN THE INTEREST RATE AND THE APR? You’ll see an interest rate and an Annual Percentage Rate (APR) for each mortgage loan you see advertised. The easy answer to “why” is that federal law requires the lender to tell you both. The APR is a tool for comparing different loans, which…

Understanding Your Down Payment

The amount you have available for a down payment can impact the loan programs available to you. Down payments typically range from 3 to 20 percent of the sales price for the property. Newly expanded underwriting guidelines and broader-scoped niche loans allow homebuyers to get in with virtually no money down. Whatever category you fit into, your…