Mortgage FAQs

Our Most Frequently Asked Questions.

With our extensive mortgage expertise, we get asked a lot of questions. Below are some of our most frequently asked questions about mortgages(1) and related topics. Simply click on the question to see the answer.

Mortgage Questions & Answers

Why would I want to own a home instead of renting?

How do I know what I can afford?

What does it mean to lock in an interest rate?

What is a mortgage, exactly?

What are the advantages and disadvantages of a 15-year mortgage?

Should I pay points?

What is an appraisal and why is it necessary?

What is private mortgage insurance?

What is title insurance and why do I need it?

What is flood insurance and why do I need it?

What happens at closing?

What is a note?

Will the bank need to verify my assets for me to get my loan?

This is how I get paid—what do I need to know?

Do I need to provide the terms under which funds can be withdrawn from my retirement account?

I am getting a gift from my parents for my down payment. What do you need to show this?

My job was set up through a temporary staffing agency. Is that OK?

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(1) All credit and loan products are subject to credit approval. Loan programs subject to qualification.

Note: It is our policy not to accept mortgage loan applications from individuals or businesses located outside of our trade area unless the applicant is a present customer or has made prior arrangements with a bank officer. If you are outside of our area and would like us to consider your mortgage loan application, please contact us.

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