Lane was incredible! We are first-time homeowners and he walked us through the process step by step in a way that made us comfortable and confident with our decisions. He was flexible with our schedule, and when we told him we had found our dream house, he arranged a showing the following day and we signed the purchase agreement less than 24 hours after that. We would recommend Lane to anyone, especially first-time home buyers.

 

Patty


- Patty Devoy
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Frequently Asked Questions

Money Matters

The most important part of financing is your knowledge of the options available. Consider the following questions as a basis for determining your financing needs.

 

• How much mortgage can I afford?

 

• What down payment is needed?

 

• What is the difference between pre-qualification, pre-approval and approval?

 

• What interest rates are available?

 

• What is mortgage insurance and is it required?

 

• What type of documentation will I need?

 

• How do 15- vs. 30-year terms compare?

 

• What are points and do I pay them?

 

• What is the difference between a fixed rate mortgage and an adjustable rate mortgage?

 

• What closing costs will I incur?

 

• What is being "locked-in?"

 

• How long will the mortgage process take?

 

• What is included in a mortgage payment?

 

• What would the payments be?

 

• When would the payments begin?

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