Mortgage Rates Questions

• Why are mortgage rates so high right now?
• What affects mortgage interest rates?
• How often do mortgage rates change?
• Are mortgage rates expected to go up or down this year?
• What is the average mortgage rate today?
• Why do advertised mortgage rates differ from what I’m quoted?

General Mortgage Questions

• What’s the difference between pre-qualification and pre-approval?
• How much mortgage can I afford?
• What credit score do I need to buy a house?
• What is the minimum down payment for a home loan?
• How do I get the best mortgage rate?
• What are points and should I buy them?
• What’s the difference between a fixed and adjustable-rate mortgage?
• Should I get a 15-year or 30-year mortgage?

Mortgage Process

• What documents do I need to apply for a mortgage?
• How long does it take to get approved for a mortgage?
• Why did I get denied for a mortgage?
• Can I get a mortgage if I’m self-employed or have bad credit?
• How can I improve my chances of mortgage approval?

Mortgage Types and Programs

• What’s an FHA loan and do I qualify?
• Should I go with a conventional or government-backed loan?
• What are the pros and cons of VA, USDA, and FHA loans?
• Can I get a mortgage with no money down?
• Is it better to use a mortgage broker or go directly to a lender?

Mortgage Fees and Closing

• What’s included in my monthly mortgage payment?
• What are closing costs and how much are they?
• Can I roll closing costs into the mortgage?
• How do I avoid paying private mortgage insurance (PMI)?
• What are hidden fees I should watch out for?