Locating a great mortgage can open up a Pandora's box of questions. As the industry's premier mortgage rate origination tool, Mortgage Marvel has heard them all. We have taken the time to compile the most frequently asked questions so consumers can quickly get the answers they need. Whether you are looking to figure out the differences between loan types or the importance of credit and credit scoring as it relates to mortgage qualification, our FAQ section has the information you need.
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Loan Types

From ARMs to Balloons, there are many different loan types to choose from. You can also choose your loan term. How do you find the loan type and term that's best for you? Mortgage Marvel is here with some helpful information.

Interest Rates and Fees

6.7% APR with a 6.2% interest rate, 1 discount point and no closing fees. What does it all mean? We'll teach you how to use this data to compare apples to apples and choose between lenders.

Qualifying and Applying for a Loan

Applying for a mortgage can be very intimidating. You're asked specific details about your income, assets, and debts. Here we will give you information that will let you know how that information is used when applying for a mortgage.

Credit and Credit Scoring

Your credit and credit score are two very important factors. These factors affect your ability to obtain a loan and impact the interest rate you'll receive. Explore the basics of credit and credit scoring and learn ways to improve your credit.

Property and Appraisal

When you buy or refinance a home, the property is used as collateral for the loan. An appraisal will be ordered and be performed to ensure the property is sufficient collateral. Here's what the lender is looking for and why.

The Loan Closing and Beyond

Wondering what happens after you complete your application? This section will give you an idea of what to expect at closing. We'll look farther down the road and explain what happens down the road.