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?

 
 
 
 


2006-01-08
Check out our Buyer's Rebate opportunities on your next home purchase and put cash in your pocket at closing.

2008-03-12
I've got an offer. What do I do now?

2008-10-15  We have special packages for small builders, call us for details 888-470-7277.

2008-10-15 Have a rental listing you would like to post on the MLS, we can help, Rental packages starting at $199!!!

2008-10-16 Call for sale/rental combination specials and multiple MLS specials!

2008-10-17 Have more than one property to list, call us for a special rates on additional listings!!!

 
 
 
 

Tampa Home, FL Real Estate Listing

HUGE 4 BEDROOM, CARROLLWOOD VILLAGE HOME!!
4 bedrooms, 2.5 baths, approx 2400 sq. ft.

$249,000

 

Palm City Home, FL Real Estate Listing

PALM CITY- CORNER, 2-STORY WITH ALL THE EXTRAS!!
5 bedrooms, 4.5 baths, approx 5462 sq. ft.

$419,900

 

Daytona Beach Shores Home, FL Real Estate Listing

DAYTONA BEACH SHORES- LUXURY DIRECT OCEANFRONT!!
2 bedrooms, 2 baths, approx 2325 sq. ft.

$399,000

 

Eustis Home, FL Real Estate Listing

EUSTIS-5 ACRE HORSE LOVERS DREAM HOME!!
3 bedrooms, 2 baths, approx 1941 sq. ft.

$345,000

 

Daytona Beach Home, FL Real Estate Listing

DAYTONA BEACH-BEACHSIDE - NEWLY RENOVATED-VACATION HOME!!
3 bedrooms, 2 baths, approx 1500 sq. ft.

$224,500

 

Cape Coral Home, FL Real Estate Listing

CAPE CORAL- WATERFRONT TOWNHOME!!
3 bedrooms, 2.5 baths, approx 2245 sq. ft.

$319,000

 

Fort Walton Beach Home, FL Real Estate Listing

FORT WALTON BEACH- BEAUTIFUL 4/2 WITH FREE HOME WARRANTY!!
4 bedrooms, 2 baths, approx 1578 sq. ft.

$244,900

 

Naples Home, FL Real Estate Listing

NAPLES- GOLF COURSE/ LAKE HOME!!
2 bedrooms, 2 baths, approx 2153 sq. ft.

$500,000

 

Miami Home, FL Real Estate Listing

MIAMI- REDUCED!! TOWNHOUSE/VILLA!!
3 bedrooms, 2 baths, approx 1350 sq. ft.

$549,000

 

North Port Home, FL Real Estate Listing

NORTH PORT- STUNNING MEDITERRANEAN ESTATE ON 3 ACRES!!
4 bedrooms, 3.5 baths, approx 5647 sq. ft.

$785,000

 

Plant City Home, FL Real Estate Listing

PLANT CITY- HURRY!! PRICE SLASHED!!
4 bedrooms, 2 baths, approx 1487 sq. ft.

$210,000

 

Fort Lauderdale Home, FL Real Estate Listing

FORT LAUDERDALE- BEST VALUE IN VICTORIA PARK
2 bedrooms, 2 baths, approx 1343 sq. ft.

$329,000

 

Naples Home, FL Real Estate Listing

NAPLES- BRAND NEW 2/2 FIRST FLOOR CONDO!!
2 bedrooms, 2 baths, approx 1370 sq. ft.

$299,900

 

Pompano Beach Home, FL Real Estate Listing

POMPANO BEACH- 3/2 IN GREAT EAST LOCATION WITH NEW KITCHEN, ROOF, & DRIVEWAY!!
3 bedrooms, 2 baths, approx 2276 sq. ft.

$379,000

 

Fort Myers Home, FL Real Estate Listing

FORT MYERS- SPECTACULAR FIDDLESTICKS HOME ON THE LONG MEAN GOLF COURSE!!
5 bedrooms, 5.5 baths, approx 7012 sq. ft.

$2,100,000

 

Valparaiso Home, FL Real Estate Listing

VALPARAISO- REDUCED FOR SHORT SALE!!
3 bedrooms, 2 baths, approx 1423 sq. ft.

$154,000

 

Ormond Beach Home, FL Real Estate Listing

ORMOND BEACH- GOLF COURSE HOME WITH SHADY BACKYARD!!
3 bedrooms, 3.5 baths, approx 3114 sq. ft.

$475,000

 

Coconut Creek Home, FL Real Estate Listing

COCONUT CREEK- REDUCED LAKE FRONT HOME!! EXCELLENT CONDITION!!
3 bedrooms, 2 baths, approx 2347 sq. ft.

$349,000

 

Fort Lauderdale Home, FL Real Estate Listing

FORT LAUDERDALE- PRICED TO SELL!!
2 bedrooms, 2 baths, approx 1384 sq. ft.

$142,000

 

Venice Home, FL Real Estate Listing

VENICE- CHARMING VENICE ISLAND!!
Approx.

$150,000

 

Madeira Beach Home, FL Real Estate Listing

MADEIRA BEACH- PRICED TO SELL!! MUST SEE!! WATERFRONT COMMUNITY!!
2 bedrooms, 1.5 baths, approx 1040 sq. ft.

$224,900

 

Surfside Home, FL Real Estate Listing

SURFSIDE- WATERFRONT PROPERTY!! UNBELIEVABLE PRICE REDUCTION!!
5 bedrooms, 4 baths, approx 4006 sq. ft.

$2,700,000

 

Naples Home, FL Real Estate Listing

NAPLES- BEAUTIFUL ESTATE HOME!!
3 bedrooms, 2.5 baths, approx 3203 sq. ft.

$744,444

 

Lake City Home, FL Real Estate Listing

LAKE CITY- REMODELED 3/2 W/LARGE FENCED YARD!!
3 bedrooms, 2 baths, approx 1491 sq. ft.

$164,000

 

Ocala Home, FL Real Estate Listing

OCALA!! IN -TOWN!!
3 bedrooms, 2 baths, approx 1865 sq. ft.

$235,000

 

North Port Home, FL Real Estate Listing

NORTH PORT- MODEL FOR SALE!! BANYON II
2 bedrooms, 2.5 baths, approx 2824 sq. ft.

$252,900

 

Ocala Home, FL Real Estate Listing

OCALA- 1.3 ACRE RETREAT!!
3 bedrooms, 2 baths, approx 1600 sq. ft.

$170,000

 

Saint Petersburg Home, FL Real Estate Listing

ST PETERSBURG- CHARMING BUNGLOW W/DECK & KOI POND!!
2 bedrooms, 1 baths, approx 969 sq. ft.

$147,500

 

Largo Home, FL Real Estate Listing

LARGO- SPACIOUS SPLIT PLAN W/LOTS OF EXTRAS!!
4 bedrooms, 3.5 baths, approx 3160 sq. ft.

$375,000

 

Sarasota Home, FL Real Estate Listing

SARASOTA- WATERFRONT 2/2 CONDO!!
2 bedrooms, 2 baths, approx 1550 sq. ft.

$582,000

 

Maitland Home, FL Real Estate Listing

Maitland Property - MAITLAND, FL 32751
4 bedrooms, 2.5 baths, approx 2262 sq. ft.

$400,000

 

Jacksonville Home, FL Real Estate Listing

Jacksonville - 2611 Quad CT
8 bedrooms, 8 baths, approx 2916 sq. ft.

$329,000

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