• Will a mortgage broker be able to find me a better rate than a mortgage bank?
• But the mortgage broker has to be paid. Doesn't this mean I automatically pay more for these home loans?
• Should I forget the type of institution and focus instead on who advertises the lowest rate?
• What documents do I have to provide?
• Does it make sense to prepay my mortgage or should I use the money to invest elsewhere?
• Should I refinance my existing loan?
• What costs are involved in refinancing?
• What is a cash-out option?
• What is roll-in refinancing?
• What is equity?
• What is the difference between a home equity loan and a line of credit?
• What are the benefits of a home equity loan or line of credit?
• Why should I take advantage of the equity I have built in my home?
• Can my co-borrower or I be self-employed and still qualify for a loan?
• What factors will Mortgage Direct evaluate when considering my application?
• How much will I be approved to borrow?
• Should I get a pre-approval decision before I select a home?
• What are closing costs?
• What costs are included in my monthly loan payment?
• What is a Good Faith estimate?
• What is PMI?
• How do I determine the number of points I should pay?
• What is locking in a rate?
• What are rates, terms, and APR?
• What is amortization?
• How long will it take to know if I'm approved?

Note: Notify your lender if your personal or financial status changes between the time you submit and application and the time its funded. If you change jobs, get an increase or decrease in salary, incur additional debt, or change your marital status, you must let the lender know.