Question 1

How much home can I afford?

Accepted Answer

It depends on your income, monthly debts, down payment, credit profile, and the loan program you use. The affordability calculator gives you a starting estimate, and a short conversation can help refine it around your real numbers.

Question 2

How much do I need for a down payment?

Accepted Answer

There is no single answer. Some programs allow lower down payments than many buyers expect, while others require more. We'll compare a few scenarios side by side so you can see how the amount changes your payment.

Question 3

What does my credit score need to be?

Accepted Answer

Different programs have different credit guidelines, and score is only one part of the picture. If your credit isn't where you want it yet, we can talk about what you could work on and a realistic timeline.

Question 4

What is mortgage pre-approval?

Accepted Answer

Pre-approval is a lender's review of your submitted information and documentation to estimate what you may qualify for. It is not a commitment to lend, but it helps you shop with a clearer budget.

Question 5

How long does the mortgage process take?

Accepted Answer

Timelines vary based on your situation, the property, documentation, and program requirements. I'll tell you what to expect for your file and keep you updated at each stage.

Question 6

What are closing costs?

Accepted Answer

Closing costs are the fees tied to originating and closing your loan, such as lender fees, title work, appraisal, recording, and prepaid items like taxes and insurance. You'll receive itemized disclosures during the process.

Question 7

What is PMI?

Accepted Answer

Private mortgage insurance is coverage some conventional loans require when the down payment is below a certain threshold. Whether it applies, and for how long, depends on the loan and your situation.

Question 8

What is the difference between FHA and conventional loans?

Accepted Answer

FHA loans are government-insured with their own qualifying and mortgage insurance rules. Conventional loans are not government-insured and follow different guidelines. Which fits better depends on your credit, down payment, and goals.

Question 9

What is a VA loan?

Accepted Answer

A VA loan is financing available to eligible veterans, service members, and certain surviving spouses under Department of Veterans Affairs guidelines. Eligibility must be confirmed.

Question 10

Can I refinance my mortgage?

Accepted Answer

Possibly. Homeowners explore refinancing for payment, term, or equity reasons. Whether it makes sense depends on your current loan, costs involved, how long you plan to stay, and current market conditions.

Question 11

What documents will I need?

Accepted Answer

Generally income documentation, asset statements, identification, and information about the property. I'll give you a specific checklist so nothing catches you off guard.

Question 12

Can I apply online?

Accepted Answer

Yes. You can start online at your own pace, and I'm available by phone or email any time you get stuck or want to talk something through first.

Mortgage Advice Without the Mortgage Jargon.

How Much Do I Need for a Down Payment?

What Does My Credit Score Need to Be to Buy a Home?

How Much Home Can I Afford?

What Happens During the Mortgage Process?

FHA vs. Conventional: What Should I Know?

I'm Tired of Renting. How Do I Know if I'm Ready to Buy?

What Can I Work on if I'm Not Ready Yet?

Common Mortgage Questions, Answered.

Real Advice. Real Life. Real Robert.