Frequently Asked Questions regarding Mortgages
Call us for answers to your mortgage questions
Prime Mortgage Lending, Inc.
Founded in 2005
Scan through the list below or search for a question similar to the one you have. If you don’t understand a term, check the Glossary. If you can’t find the answer you’re seeking on this Frequently Asked Questions regarding mortgages page, call Zachery and his his Team at 828-348-1907 or send them your question. They will get an answer back to you.
Is now a good time to buy a house?
• Have you saved money toward a down payment?
• Are you a veteran or eligible for other assistance?
• Is your income stable and your credit score high enough?
• Do you understand the responsibilities that come with home ownership?
How can I compare one mortgage loan to another? What should I look for?
• How much you are borrowing (in other words, the size of the loan)
• How long you have to repay the loan (the term of the loan)
• How much interest you’ll pay (the interest rate or Annual Percentage Rate)
• Whether the interest can change over the life of the loan (is it fixed or adjustable)
• Whether you have to pay for discount points
• How much you have to pay for closing costs and when you have to pay them
Do I have to work at the same job for two years before buying a house?
Are there other costs besides the basic mortgage that I’ll have to budget for?
Is it better to get a fixed-rate mortgage or an adjustable-rate mortgage?
Do I need a 20 percent down payment?
How do I find out how much I can borrow?
What’s the difference between getting pre-qualified and getting pre-approved?
What’s the difference between a loan’s APR and its interest rate?
What do I need to apply for a mortgage loan?
Thinking of Becoming a Home Owner?
Preparation is Key.
We’re Here to Help.
We want to be more than your mortgage lender.
How we can help you
Although labeled an independent mortgage lender, Prime Mortgage Lending, Inc. is not a one-man operation. Zachery Adam and his Team has the support of a streamlined operation, with professionals who assist in every phase of the loan process. His team includes an appraisal vendor, loan processors, underwriters, closers and even the CEO or president if needed. When you choose to work with Zachery, you get the support of his team as well.
It’s important to Zack that he and his team are approachable and can provide assistance to home buyers who are often inundated with misinformation about the financial picture and mortgage options. In an automated culture reliant on digital communication, it’s time to put the human element back into these conversations. He could never be behind the scenes.
Today, Dan likes working with first time home buyers to help them through the often intimidating process of buying a home. In just the time he’s been with Prime Mortgage Lending, Inc., Dan has been able to work with a number of diverse products including USDA, FHA, and VA loans. This has given him great insight very quickly about the best ways to work with homebuyers.
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Offer simple, strategic solutions for all homebuyers
Don’t be Shy
Be sure to check the Glossary for definitions of mortgage terms and concepts. Did we miss a question on our Frequently Asked Questions regarding Mortgages page? Call Zachery Adam and his Team at Prime Mortgage Lending, Inc. at 828-242-4780 or send him a message if you have mortgage questions not listed here. We could add your question to our Frequently Asked Questions regarding Mortgages.
Zack is happy to help get you into your new home.