The Mortgage Process Will my fixed rate mortgage payment fluctuate throughout the life of the loan? What is private mortgage insurance (PMI) and how does it benefit me? How will my taxes be paid? What is an escrow account? Why do I need one? How long will it take to close my loan? What does an appraisal do for me? Do I need an appraisal and an inspection? The importance of a property inspection. Who is Mortgage Center and what are the advantages of getting my mortgage through my credit union vs. any other lender? How much will getting a mortgage cost? What can I expect when applying for a mortgage with Mortgage Center? How will a past bankruptcy, foreclosure or short sale affect my ability to obtain a new mortgage? What information should I have available when I am ready to apply? How much of a mortgage can I qualify for? How does my past credit history affect me? Why is there a deposit? Will I get it back if I don’t qualify? How do I know which program is right for me? What does a lender look for when approving my loan? What do I do with a homeowner’s insurance claim and any loss draft checks? Other Categories Purchasing A Home Prepare yourself to buy a home with answers to common questions. Get Answers Refinancing Your Home Get answers to your questions about refinancing your home. Get Answers Go to main navigation
