661-513-4620
Like Paris911 on Facebook! Follow Paris911 on Twitter!
+1 Paris911 on Google+
Shoot us an Email!
RE/MAX of Santa Clarita
MacBOX Search Now! Not quite sure what to do? Click here for a tutorial!

Mortgage FAQs

Here is a collection of frequently asked questions that have been put together to help you in buying or selling a home. If you have any other questions, not listed here, feel free to call or send an e-mail.

By clicking on any of the questions below, you may view the answer.

What is a lock in?
What is underwriting?
What is PITI and what does it stand for?
What is a gift letter?
What does Prepaid Interest mean?
What does the origination fee cover?
Why is the Annual Percentage Rate (APR) on the Truth in Lending Disclosure higher than the rate shown on my note, which is the rate I thought I chose?
Should discount points be paid to lower (buy down) an interest rate?
How long does the loan process take?
What is an escrow account?
Are lenders limited in the amount of escrow funds they can collect from borrowers?
Can I pay my own taxes and insurance?
What do I do if I receive a tax statement?

Why did my mortgage payment amount change?
What is an ARM loan?
What benefits do I receive from private mortgage insurance?
How is interest calculated on a mortgage loan?
Why does the title have to be cleared before I can get a mortgage?
How much time will it take to close my loan (sign the loan documents)?
What are the benefits of doing a first and second lien conbination?

What is preapproval or prequalification?
How can I avoid private mortgage insurance?
What is my credit score and how is it calculated?
Is there a minimum credit score?
Must I use the mortgage company that my builder directs me to?

Search for all Santa Clarita Cities Real Estate by Topic:
Foreclosures, Short Sales, REO, Bank Owned, Auctions, Discounted real estate, HUD homes at 50% off, "Just Reduced Homes", how much to offer and much more.
Just type what you want into our Google Custom Santa Clarita Cities Search here!
Loading
Paris & Connor MacIVOR Paris911 with RE/MAX of Santa Clarita
Paris MacIVOR: 661-513-4620 DRE License # 01256647
Connor MacIVOR: 661.284.5429 DRE License # 01238257
Fax: 888-484-7748
Two Locations To Protect and Serve Your Real Estate Needs:
25101 The Old Road
Santa Clarita CA 91381
27720 Dickason Ave
Valencia CA 91355
Foreclosures Home Prices Contact About