Frequently Asked Questions

Ways To Make The Loan Process Go Faster. There are five ways you can speed up the process of getting a mortgage. more >>

Buyer Don'ts. Many new home buyers make the mistake of rushing out to buy things for their new home as soon as the seller accepts their purchase offer and the lender preapproves their loan.  BUT, there are still a few major hurdles to overcome before the keys are handed out.  more >>

Why Don't You Publish Interest Rates On Your Website? While the interest rate is certainly important, there are many other factors to consider.  more >>

Should I Pay Points?  Do you plan on keeping your loan for a while?  Then it may make sense to "buy" a lower interest rate by paying one or more points.  more >>

Closing Costs. There are certain standard costs associated with closing the sale of a house or refinancing your current residence.  more >>

How Escrow Works. To finalize the sale of your home a neutral, third party (escrow) is engaged to assure the transaction will close properly and on-time.  The escrow insures that all terms and conditions of the seller's and buyer's agreement are met.  more >>

When To Refinance?  Ever heard the old rule of thumb, you should only refinance if your new interest rate is at least two points lower?  That may have been true years ago but NOT today. Call me to discuss your financial situation and your financial goals; then I can determine if refinancing makes sense for you.  more >>

Reasons To Refinance.  Are you refinancing primarily to lower your rate and monthly payments?  Are you refinancing primarily to cash out some home equity?  Want to refinance to pay off debt?  Consider paying off your mortgage sooner?  more >>

What's The Difference Between The Interest Rate And The A.P.R.?  The A.P.R. is a tool for comparing different loans.  Federal laws require lenders to disclose the A.P.R. but unfortunately, the law doesn't clearly define what goes into the calculation allowing the A.P.R. to vary from lender to lender and loan to loan.  more >>

I've Never Applied For A Loan, What Can I Expect?  I will work with you every step of the way.  I believe it's important for you to understand your biggest financial asset and the steps required to obtain a mortgage.  Read details regarding the Loan Process.  more >>

What Loan Programs Do You Offer?  I've partnered with the top forty lenders in the nation and offer countless loan programs. My responsibility is to match you with the correct lender, mortgage, and loan terms.  more >> 

I Know I Want To Work With You, How Do I Get Started?  Great!  Contact me today to setup a free initial consultation to discuss all your loan options.  Call (800) 540-0530 or email at info@cherylgarner.com.