Fundsitive LLC · FAQs
Mortgage FAQs
Clear answers to common home financing questions, from your mortgage broker.
- Do I need a 20% down payment?
- How do fixed-rate mortgages, ARMs and rate locks work?
- How is a mortgage broker different from a lender?
- What are closing costs, and how do I compare them?
- What documents should I prepare for a mortgage?
- What is a mortgage, and how can a broker help?
- What is PMI, and is it the same as homeowners insurance?
- What is the difference between prequalification and pre-approval?
- When might refinancing make sense?
- How does my credit affect mortgage eligibility?