Thanks again for your hard work in selling our home. Also, thank you for introducing us to LDK as well as helping us throughout the building process. We'll be sure to recommend you to any of out friends and family that are looking to buy/sell.


- Andy Pietrzak
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Frequently Asked Questions

Money Matters

The most important part of financing is your knowledge of the options available. Consider the following questions as a basis for determining your financing needs.

 

• How much mortgage can I afford?

 

• What down payment is needed?

 

• What is the difference between pre-qualification, pre-approval and approval?

 

• What interest rates are available?

 

• What is mortgage insurance and is it required?

 

• What type of documentation will I need?

 

• How do 15- vs. 30-year terms compare?

 

• What are points and do I pay them?

 

• What is the difference between a fixed rate mortgage and an adjustable rate mortgage?

 

• What closing costs will I incur?

 

• What is being "locked-in?"

 

• How long will the mortgage process take?

 

• What is included in a mortgage payment?

 

• What would the payments be?

 

• When would the payments begin?

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