Frequently Asked Questions (FAQ)

• What is a FICO score?
• What is a rate lock?
• Should I pay points? Does a 0 point/0 fee loan really exist?
• What are the most commonly made mistakes in buying or refinancing a house?
• Why do interest rates change?
• What is the difference between pre-qualifying and pre-approval?
• What is an APR?
• Can my loan be sold? What happens if my lender goes out of business?
• What is PMI? Can I get rid of the PMI on my loan?
• Should I refinance?