What are some common questions for mortgage lenders? Join us as Christina Boyette, a seasoned Mortgage Lender from New American Funding, provides invaluable insights into the world of mortgages. Whether you're a first-time homebuyer or a seasoned investor, understanding the intricacies of mortgages is crucial. In this informative session, Christina addresses some of the most common questions that often puzzle potential homebuyers.

Here's what you can expect in this video:

1. **Interest Rate Lock**: Christina simplifies the concept of interest rate locks, explaining how they work and their significance in securing favorable terms for your mortgage.

2. **Frequency of Interest Rate Changes**: Learn from Christina about the frequency at which interest rates change and how it impacts your mortgage planning.

3. **Interest Rate vs. APR**: Confused about the difference between interest rate and APR? Christina breaks down these terms, helping you understand their respective roles in your mortgage.

4. **Mortgage Payment Estimate**: Wondering about your potential mortgage payments? Christina shares insights into how lenders calculate mortgage payment estimates, giving you a clearer picture of your financial commitment.

5. **Loan Process Timeline**: Curious about how long the loan process takes? Christina provides a timeline overview, outlining the steps involved from application to closing.

If you're navigating the complex world of mortgages and seeking clarity on these crucial aspects, this video is a must-watch. Join us as Christina Boyette demystifies the mortgage process, empowering you with knowledge to make informed decisions on your home financing journey.

For more information, contact:
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Patrick Donovan - Savannah Georgia Real Estate Expert
📱 Call or Text: 912-657-3544
📨 Email: [email protected]
📅 Schedule a Google Meets With Me So We Can Meet "In-Person":
https://calendly.com/patrickkdonovan1...

- Christina Boyette, Cell: 912-433-3960, Email: [email protected], New American Funding

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00:00 Introduction
00:43 What is a Rate Lock?
01:40 Float down
02:17 What types of loans can you lock?
02:53 When should you lock your rate?
03:29 Rate choices and fees
04:05 Rate Buydown vs Points
04:38 How often do interest rates move?
05:57 Interest rate vs APR
08:04 Estimated Mortgage Payments
09:40 What does your mortgage payment cover?
10:14 How long does the loan process take?