828.348.1907 Zachery@GoPrime.com
Questions About Mortgages

Written by Zachery Adam

March 27, 2019

Top 10 Questions About the Mortgage Process

Top 10 Questions About Mortgages 

So many questions about mortgages! We understand. Buying a home is an intense process and whether its your first time or fifth time, there are a lot of things you need to know before you take the plunge. We have already collected a list of frequently asked questions on our website, but it never hurts to update things every once in a while. Here are 10 of the most common questions about mortgages we are asked. And don’t forget to let us know if you have any more.  

  1. Where Do I Start? 

For us, this is the question many home buyers forget to ask. They often start by googling homes in the area or contacting real estate agents to start looking. But we have always maintained that the healthiest first step is to contact a lender 

It’s hard to know how much home you can buy or what your budget is if you haven’t reviewed your financial options first. Talking to us out of the gate can prevent heartbreaking horror stories in the future.  

  1. When is a Good Time To Buy a Home?  

This is a complex question with a variety of answers. They fall in to two general categories: the market and personal factor.  

You may mean when in your life is a good time to buy a home. Do you buy one to build equity? Do you buy a starter home? Do you buy a forever home? Or you may mean what time of year or at what rates are best to buy a home. Whatever the case, the best first step is to figure out your financial plan.  

  1. What Kind of Mortgage Company Are You? 

Simply put, we are an Independent Mortgage Lender. GoPrime Mortgage, Inc. . is also a team of people who can work together to ensure you get the best deal for the home you want to buy.  

  1. How About Refinancing

Do you already own a home and are you interested in refinancing options? Refinancing allows a borrower, that’s you, to get a better interest term and rate. It pays off your existing loan with a new first mortgageIt can also allow you to pull out equity, buy a new property, pay off debts, or invest your equity in other avenues. That is a cash out refinance.  Whether or not it’s the right decision for you is based on a few factors, so we suggest talking to us more about it.  

  1. What’sThe Difference Between Prequalified and Preapproved?  

In general, pre-qualification is a nonbinding estimate of how much you can borrow and pre-approval determines exactly how much the lender is willing to loan you, as they issue a full Loan Commitment. For more information, read the Get Pre-Qualified page. 

  1. What if I’m Self Employed? 

A major question in Asheville is about self-employment. So many of our community members work for themselves, so it’s not surprising. And if you’ve believed you can’t own a home because you’ve been self-employed, then you’ve also been misinformed. Every situation is different, but we can help you walk through the process.  

  1. Do I Need to Work Two Year at My Current Job Before Buying a Home? 

Outdated assumptions are to blame for these kinds of questionsThere was a time when this was true but it’s not always the case anymore. Lenders will still want to verify a stable income, but there are other factors they can review as well, schooling, training certificates, or career moves that still align with similar industries, positions, etc 

  1. How Do I Know My Budget? 

A popular questions about mortgages. You can always start with a quick estimate using the mortgage calculatorIt can give you an idea of what your monthly payment will be based the amount of the loanEnter the cost of the house, an interest rate, and the life of the loan. Of course, in most cases, these will only be an estimate 

For a better understanding of how much you can borrow, contact GoPrime Mortgage, Inc. . and we can walk you through the process to get pre-qualified or pre-approved for a loan so you know your real budget.  

  1. What’s the Difference between Fixed and ARM

The most common mortgages have a set duration and a fixed rate. For example, you’ve probably seen 30-year mortgages with an interest rate that stays the same for the life of the loan. But there are other options.  

The right mortgage loan for you can depend on your financial resources and ability to repay the loan faster. For some, an adjustable-rate mortgage or ARM can save money. Your best bet is to talk to us to find out more. 

  1. What Do I need in Order to Start? 

And we’ve brought it all the way back around – questions about mortgages .  

You’ll have to supply financial documents that show your income, debts and past payment history. Which specific paperwork you will need to provide depends on many factors. Check out the full list on the Mortgage Document Checklist page, but you likely won’t need everything. Speak to an independent mortgage lender, like us, for the documents that you will need for your specific case. 

There is so much more we could tell you, the real questions about mortgages – Frequently Asked Questions list can be miles long. For these and answers, we do encourage you to review our FAQ page on our website here. We are also here to talk to you, and we love to talk. Give us a call at 828-348-1907  just to see what your options are and we can point you in the right direction.  


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About Us

How we can help you

Although labeled an independent mortgage lender, GoPrime Mortgage, 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.

Zachery Adam

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.

Daniel Clancy

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.ern Appalachian city.

When you apply securely online with GoPrime Mortgage, Inc. , we will contact you within 24 hours or less.

We want to be more than your mortgage lender.

The company, like Branch Manager Zachery Adam, wants to become the go-to destination for people who have questions about real estate financing and the mortgage application process. Applying for a mortgage can be a frightening process at a bank. Prime Mortage Lending, Inc. aims to keep the process simple.

Our mission is to:

  • Provide holistic mortgage planning for every customer
  • Offer simple, strategic solutions for all homebuyers
  • Supply reliable services for real estate investors
  • Educate the public on the mortgage process
  • Keep the mortgage process simple for all customers
  • Inform real estate agents of the latest mortgage news

In short, GoPrime Mortgage, Inc. will provide complete, inclusive mortgage solutions that are educational, transparent, honest and sincere. No other bank or independent mortgage lender can beat the service and prices — the complete package — that GoPrime Mortgage, Inc. . offers.


We want to be more than your mortgage lender.



862 Haywood Road Asheville, NC 28806

Enjoy a mortgage process built for the modern world.

Borrowers can easily complete a loan application, upload supporting documentation, eSign disclosures, and monitor the status of their loan — in a single, easy-to-use location.

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