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Common Mortgage Questions:

How Do I know how much
          house I can afford?

How do I know know which
          type of mortgage is best
          for me?


What is your best interest
           rate?

Once I am approved, how
          long will it take to close my
          loan?

Do you work with only
          one lender?

What does my mortgage
          payment include?

How much cash will I need
          to purchase a home?

How can I reduce my debt
          with a mortgage?

How are index and margin
          used in an ARM?

What is the difference
          between a fixed-rate loan
          and an adjustable-rate
          loan?

Mortgage Answers:

"How much cash will I need to purchase my home?"

 

The amount of cash that is necessary depends on a number of items. Generally speaking, though, you will need to supply:

•    Earnest Money:
    The deposit that is supplied when you make an offer
    on the house
   

•    Down Payment:
    A percentage of the cost of the home that is due at
    settlement
   

•    Closing Costs:
     Costs associated with processing paperwork to purchase
    or refinance a house

We are always here to answer your questions and to help you through this process. info@ifmghomeloans.com