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| Frequently Asked Questions |
| Why do mortgages take so long? Most mortgage brokers don't take the time to ask the appropriate questions specific to your needs and circumstances. |
| Since mortgage companies all pay the same amount for money, why is there such a wide range of rates on any given day? The wide range is due to overhead, advertising and undisclosed costs. |
| How do I determine what combination of rates, points and fees (if any) I have to pay? This is based on our analysis of how long you've owned your home and the time remaining until your next refinance. |
| What does "financial diversification" mean? Financial diversification is much more than owning different kinds of stocks. True diversification is having different asset allocation in the forms of a home, stocks, bonds, other real estate, appropriate insurance and hard assests. |
| How do you determine your short-term and long-term financial goals? We do an analysis based on number of years, inflation rate and personal targets. |
| How do I stay out of consumer debt? The key is to develop a financial plan. Those who fail to plan typically plan to fail. |
| Is it true that most divorces are caused by disagreements over money? Not money itself, but what to do with it. |
| How does one determine "risk" and what to consider "risky"? One determines risk by becoming educated on not only the investment being considered but also its alternative. |
| What is "APR" and how is it determined? APR is calculated by adding the appropriate finance fees to the interest rate and amoritizing that amount over a 30 year period. |
| Are negative amortization mortgages financially responsible? As with any financial tool, it can be misused. Our analysis will determine if it is appropriate for you. |
| Have a question of your own? Click here to email us and we'll get back to you with an answer! |
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