Frequently Asked Questions
 

• Do you need a down payment to purchase a home?
   
• What are the advantages of a fixed rate loan?
   
• What are the advantages of an adjustable rate mortgage?
   
• What is private mortgage insurance ( PMI )?
   
• Can private mortgage insurance be avoided?
   
• What needs to be considered when refinancing a mortgage to a lower interest rate?
   
• Can the costs of refinancing be rolled into the new loan amount ?
   
• What is a Jumbo loan and how is it different than a standard conventional mortgage?
   
• What is an interest only loan and why should I consider that as an option ?
   
• When wanting to finance 95% of a sales price, why would I choose an 80/15 combo over one single mortgage at 95%?
   
• Do I need good credit to buy a home?