Frequently Asked Questions

• I don't like the idea of my monthly Adjustable Mortgage payments possibly increasing in the future. Is this my best option?
• Will my FHA Mortgage payment amount change?
• Why do I have to pay MIP on my FHA Mortgage?
• How long to I have to pay MIP on my FHA Mortgage?
• Will the payment amount of my Fixed Rate First Mortgage change?
• What happens to my Fixed Rate First Mortgage if mortgage rates drop?
• What restrictions do I have on how I use the money from my Fixed Rate Second Mortgage?
• Is a Fixed Rate Second Mortgage expensive?
• Does a Fixed Rate Second Mortgage make it more complicated to sell my house later on?
• Should I commit myself to making another mortgage payment?
• What restrictions do I have on how I use the money in my Home Line of Credit?
• Is a Home Line of Credit expensive?
• Does a Home Line of Credit make it more complicated to sell my house later on?
• What if the prime rate increases?