FAQs

Mortgages

What's different between an ARM and Fixed Rate loan?

An ARM loan (adjustable rate mortgage) will vary over time. A fixed rate loan will have the same interest rate for a specified period of time (usually, 15- or 30- years).

What's the difference between a broker and a bank?

A broker can shop around for you at multiple banks to find you the best rates and match you with a loan program to fit your needs.

 

Application

What documents do I need to apply?

This varies from bank to bank, but banks typically ask for:

  • Two most recent pay stubs
  • Two most recent W2s or 1099s
  • Two most recent tax returns (all schedules)
  • Two most recent asset statements (all pages)
  • Your driver’s license

Buyer's Resources

Seller's Resources