THE LOAN PROCESS

Learn the general steps involved in getting a new mortgage, from start to finish.

LOAN PROGRAMS

A brief description, including pros and cons, of the most popular loan programs in the marketplace.

CLOSING COSTS

Estimated closing costs on a typical loan transaction for a:

1-4 Family House
Co-operative
Condominium

GLOSSARY OF TERMS

A compilation of common mortgage-related phrases/terms and their definitions.

F.A.Q.

The most Frequently Asked Questions relating to mortgage and their detailed answers.

In the News

Bloomberg News, Bernanke Bid to Lift Housing Scuttled by Rising Rates

May 29 (Bloomberg) -- Kyle McGee went to his mortgage broker’s office yesterday hoping to refinance and save about $200 a month. He walked away empty-handed.

McGee was expecting a rate of 4.7 percent; the broker offered him 5.375 percent. The average 30-year fixed-mortgage rose to 5.27 percent as of yesterday, according to Bankrate.com.

“We feel like we might have missed the boat,” said McGee, 37, an adjunct professor of social work at Hunter College School of Social Work in Manhattan.

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