Mortgage Education Center
Your Mortgage Questions Answered

In this section of the Mortgage Education Center find the answers to some of the most frequently asked mortgage questions.

Please browse through the education center and do not hesitate to contact us for additional information.

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Mortgage Questions & Answers

1. How should my mortgage factor into my retirement planning?

2. How much lower do current interest rates need to be than the rate on my existing mortgage for a refinance to make sense?

3. Can I take out a mortgage if I am receiving social security or a pension?

4. Can I refinance without paying anything up front?

5. I am relocating for a new job - can I get a mortgage for a new home before I start work?

6. If my loan is sold to another mortgage company will the terms change?

7. How many homes with mortgages can I have at one time?

8. How can I stop paying PMI?

9. What is the difference between a loan modification and a refinance?

10. How can I get a mortgage job?

11. Why do I pay my property taxes and insurance payments to my mortgage company?

12. Why are my three credit scores different?

13. Can I add my spouse to my mortgage when we get married?

14. How can I get the best deal on a mortgage?

15. Why was I pre-approved for a higher loan amount than I can afford?

16. Why wasn't I approved for a certain loan amount even though I can easily afford it?

17. Could my mortgage payment go up?

18. What is the difference between an appraisal and a home inspection?

19. Can I get a mortgage on a new home if I haven't sold my current home yet?

20. Do I need a different pre-approval letter for each home I place an offer on?

21. What's the difference between "work phone number" and "company phone number" on a mortgage application?

22. Can I refinance without starting the 30 year loan term over?

23. How can I pay off my mortgage early?

24. Can I get a mortgage for a home that needs repairs?

25. If I cancel a refinance will I owe any fees?

26. What happens to a mortgage if the homeowners get divorced?

27. What is the mortgage payment for a $200,000 loan amount?

28. What is an amortization schedule?

Please note: The content on AFRMortgage.com is for informational purposes only. It is not a substitute for the advice of a mortgage professional, real estate agent, attorney, tax advisor, or other professional.