Why should I choose Finance of America?
We guarantee what you expect: We will handle every detail of your transaction with integrity and courtesy while maintaining the security of your confidential information. We understand that timing can be everything so we promptly pursue and secure every financing and rate advantage for you.
Why should I consider refinancing my home loan?
Most people refinance to restructure debt and monthly payments, make purchases or reorganize their monthly budget. Refinancing can give you more available cash and monthly payment flexibility so your equity and credit can work to make or save you more money.
When should I consider refinancing my home loan?
When you want to lower your interest rate, lower your payments, pull cash out, convert from an adjustable rate to a fixed rate loan, restructure high interest debt, invest, start up a business, or help family and friends.
How do you know I am getting the best interest rate when I refinance?
Can I receive cash back at time of closing my refinance?
Why do I need a good faith estimate?
What is a prepayment penalty?
What does pre-qualified mean?
My Real Estate Agent recommended that I get a pre-approval letter. What is a pre-approval letter, and why should I get one?
When mortgage lenders refer to “PITI” - what are they referring to?
When my loan officer asks me if I want to waive escrows, what exactly does she mean?
How does the annual percentage rate differ from the interest rate?
How do I know what my interest rate will be?
Do I need to have a certain amount of money left after I buy my home?
What is DTI / debt-to-income ratio?
What is the difference between an FHA and A VA Loan?
Do I always have to have PMI on my loan?
What Is private mortgage insurance (PMI)?
Will I have two separate payments if I have a second lien?
What does my lender mean by “Paper Trail”?
Why did I receive a Truth-In-Lending?
Will I get A copy of my appraisal?
What inspections are required by the lender?
Where do I go for closing?
Where do I send my first mortgage payment?
What if I want to file a complaint against a company or residential mortgage loan originator?
What if I can't repay my loan?
Disclaimer: The information contained in this article has been prepared by an independent third party and is distributed to consumers for educational purposes only. The information is considered reliable but not guaranteed to be accurate. The opinions expressed in this article do not represent the opinions of Finance of America. Please consult with a licensed loan officer for expert advice regarding financing or refinancing a home.