FAQS

I always make sure my clients are satisfied and totally onboard with everything I do. If something isn’t clear after going through my site, take a look at these commonly asked questions regarding mortgages, refinancing, and other related subjects. Still can’t find what you need? Feel free to contact me for more assistance and information.

WHAT IS A SUB-PRIME MORTGAGE?

WHAT ARE YOUR INTEREST RATES?

WHY DO I NEED AN ESCROW ACCOUNT

A subprime mortgage is generally a loan that is meant to be offered to prospective borrowers with impaired credit records. The higher interest rate is intended to compensate the lender for accepting the greater risk in lending to such borrowers.

My interest rates vary depending on the type of loan program and your credit score. I know that rates are very important; however, the lowest rate with the wrong type of loan can cost you thousands of dollars. It's important that not only I advise you on the best loan program and lower closing costs, but most of all, provide you with an on-time closing.

Think of an escrow account like a piggy bank where money is set aside each month to pay your property taxes, homeowner's insurance, and mortgage insurance. An escrow account ensures that the taxes and insurance will be paid on time. This protects the lender from tax liens and uninsured losses that the borrower can't repay.