Culture Mortgage
831.325.6959                    QUESTIONS WELCOME, REFERENCES AVAILABLE, REFERRALS ACCEPTED.

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FAQs Answered

 

Here you will find frequently answered questions about home loans and mortgages answered objectively.

If you do not find the answer to your question here we welcome you to contact us directly. You can email us, or give us a call directly.

831.325.6959.

The answers we provide are always objective.

What are the requirements for first time homebuyers?

What kind of fiduciary responsibilities do mortgage brokers have to their clients?


When buying a new home how are estimated closing costs determined? How are estimated prepaid items/reserves determined?


How do I find out who are direct lenders and who are mortgage brokers?

Who is eligible for the lowest interest rates?


Are there any difference between FHA and VA loans?


Is the listed price of real estate negotiable?

Is it wise to get preapproved with more than one lender to compare rates?

How can I get prequalified for a mortgage?

If I loan an individual money to purchase a home and they in turn take out a mortgage on the property without disclosing to the mortgagor the undocumented loan; does this fall within mortgage fraud?

What is a lender talking about when they refer to their rate sheets?


Are there any advantages or disadvantages to the "Rent to Own" system when buying a home?


How important is credit and what should I do to protect my credit scores?


What supplemental paperwork will I need to supple to secure a mortgage?


Why use a broker?


When locking your rate what are the important things to consider?

What is lender paid compensation?

What is borrower paid compensation?



California Bureau of Real Estate License 01792241
NMLS License 523235


1649 Calavo Rd. Fallbrook, CA 92028
831.325.6959 Phone
866.321.5467 Fax
email@culturemortgage.com

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