FAQs

Answers to the most Frequently Asked Questions.

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"Simple. Fast. Great service. In 30 days, I refinanced with Luxury Mortgage and got an extremely competitive rate, even with a host of special features. Luxury Mortgage went out of its way to accommodate us."
- Mark Q.

Frequently Asked Questions

    1. What are the most commonly made mistakes in buying or refinancing a house?
    2. Should I refinance?
    3. Should I pay points? Does a 0 point/0 fee loan really exist?
    4. What is a FICO score?
    5. Why do interest rates change?
    6. What is the difference between pre-qualifying and pre-approval?
    7. What is a rate lock?
    8. Can my loan be sold? What happens if my lender goes out of business?
    9. What is PMI? Can I get rid of the PMI on my loan?
    10. What is an APR?