KNOCK #5
Big Banks Offer
Fewer Options

We're Brokers. We're Better.

Our Process

  • evaluate
  • prequalify
  • processing
  • Underwriting
  • closing
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389
FIRST TIME BUYERS SERVED
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106,530
GRANTS FUNDED
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65
FIVE STAR REVIEWS
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18
AVERAGE TIME TO CLOSE / DAYS

Frequenty Asked Questions

Will my monthly payments change during the loan term?

Probably but just slightly. Even with a fixed-rate loan, your payment is likely to change over time. The reason? Your property taxes and insurance expenses, upon which the escrow portion of your payment is based, tend to fluctuate. If they rise, it may be necessary for your lender to ask for a higher escrow payment.

How is my mortgage payment determined?

Depending on your situation, there are typically three or four parts of your mortgage payment:
Principal: Repayment of your outstanding balance.
Interest: Payment of the interest charged on the outstanding balance.
Taxes: One-twelfth of your expected annual property taxes will be included in your mortgage payment, and deposited into your escrow account.
Insurance: This includes homeowner’s insurance, as well as any other hazard insurances you’re required to have, such as flood or windstorm.

Why does it take so long to close a mortgage?

Big banks tend to take at least 60 days to originate, and many first-timers don’t expect this much of a waiting period. Fortunately our mortgage experts in conjunction with processing have been successful in closing mortgage loans within an average of 18 days or less!

What is an escrow account?

When you obtain