Home Loan & Mortgage FAQs

 Find answers to frequently asked questions about home loans and mortgages. If you don’t see what you’re looking for, check our Help section.

 

Popular Questions

Can I still get a home loan with less-than-perfect or bad credit?
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What is the difference between interest rate and APR?
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How much of a down payment do I need?
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What are closing costs? How much will I pay in closing costs?
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What is a home loan preapproval and why should I get preapproved?
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Should I choose a fixed-rate or adjustable-rate mortgage (ARM)?
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Will my payment stay the same with a fixed-rate mortgage?
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Does my rate, APR, or monthly payment estimation shown on the Mortgage Rate Quote expire?
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What is included in my estimated monthly payments from the Mortgage Rate Quote?
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How can I calculate how much I can afford based on my income & expenses?
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There are a lot of terms associated with the mortgage process. How can I familiarize myself with them?
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What does it mean when the Mortgage Rate Quote Tool lock term rates are assumed at 45 days?
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What is the difference between a loan application and "getting preapproved" for a loan?
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