Home Loans

• What is Primary Mortgage Insurance?
• Can I change insurance companies for my homeowner's policy? Does the Credit Union need to know?
• What is a Mortgage Loan?
• What is the difference between a Home Equity Loan and a Second Mortgage?
• Do you sell your 1st mortgage loans?
• Is there a minimum mortgage loan amount?
• What is a Blanket Mortgage?
• What is a Mortgage Note?
• What is the Truth-In-Lending Act?
• What is MIP?
• Can I make a principal only payment toward my mortgage?
• What are Discount Points?
• What is a Mortgage?
• What is the difference between a Home Equity Loan and a Home Equity Line of Credit?
• How many parts are there to get a mortgage approval?
• What is Freddie Mac?
• Do you offer no closing cost loans and no point loans?
• Can I make a partial payment toward my mortgage loan?
• What are Points?
• What is a Bi-weekly Mortgage?
• What is Hazard Insurance?
• How can I apply for a mortgage loan?
• What would it cost me to refinance my first mortgage?
• Can I roll my closing cost fees into my loan?
• Are there closing costs associated with a second mortgage loan?
• Do I need to send the credit union a copy of my tax bill?
• Do you offer mortgages, equity loans and HELOCs for out-of-state properties?
• What are Courier or Mail Fees?
• What is a Home Equity Line of Credit?
• On a Home Equity Line of Credit, how do I increase the amount on my loan?
• What are Documentary Stamps?
• What is an Escrow Officer?
• Why should I consider getting pre-approved before buying a home?
• What are your mortgage rates?
• Do you offer Jumbo loans?
• Can I get a copy of my appraisal?
• Can I make my mortgage payments online?
• What is a VA loan and how do I know if I am eligible to apply?
• What is Title Insurance?
• What is a Graduated Payment Mortgage (GPM)?
• What is a late fee for delinquent mortgage payment?
• Are there any deals for first time home buyers?
• What is Prepaid Interest?
• What is a First Mortgage?
• What is an Escrow Account?
• What is an ODVA loan?
• Do you offer ARMs or Adjustable Rate Mortgages?
• Do we give HUD loans?
• What is a Mortgage Broker?
• How often can the interest rate change on a Home Equity LOC?
• If I get a 1st Mortgage with the credit union, where will I do my closing?
• What are Convertible ARMs?
• What is a Mortgage Banker?
• What is a Balloon Mortgage?
• What is a Two-Step Mortgage?
• How long would it take to get a 1st mortgage loan?
• Can I pay my own real estate taxes and homeowners insurance?
• What is the Primary Mortgage Market?
• How is my final mortgage rate calculated, and when is that rate confirmed?
• What is a Closing/Settlement Statement?
• What is a Fixed-Rate Mortgage?
• What are Seller's Points?
• What is a reverse mortgage?
• What is a Lease-Purchase Mortgage Loan?
• What is Processing?
• What is Prepaid Mortgage Insurance?
• Will the payoff figures be verified on the day of closing?
• Do I need to provide you with proof of my Homeowners Insurance?
• What are closing costs?
• What is a Closing (or Settlement)?
• Do you offer a third mortgage loan?
• How are my taxes paid?
• Do you have mortgage calculators on your website?
• What is an Adjustment Interval?
• How do I see what my mortgage interest rate will be?
• What are Reserves?