Common Mortgage Questions

Frequently Asked Questions

Testimonials

If you have additional questions, call or email us at: 

(949) 679-6680  or info@RWBLending.com

No. There are loan options available for low credit consumers.

Is excellent credit required to purchase or refinance a home?

1/18

Yes. Family can assist with a home purchase, they do not have to live in the home.

Can a family member assist with a home purchase?

Is mortgage insurance required?

Yes and No. Mortgage insurance is required if a loan is more than 80% of the property value. Loans under 80% of the property value do not require mortgage insurance.

Is there any pre-payment penalty if I pay my mortgage off faster or early?

No, there is no pre-payment penalty. You can pay off the mortgage as fast as you want.

What does debt to income ratio (DTI) mean?

A ratio that divides total monthly expenses by monthly gross income. This ratio is used in the loan qualification process.

What does loan to value (LTV) mean?

A ratio that divides loan amount by property value (estimated or appraised value). This ratio is used in the loan qualification process.

CONTACT INFO

 

 

           Address:  2522 Chambers RD Suite 106

                               Tustin, CA 92780

   

 

            Telephone: (949) 679-6680

            Toll Free: (844) 839-2922 

            Fax: (815) 572-9380

 

            Email: Info@RWBLending.com

Red White & Blue Lending

LICENSING

NMLS # 1488745

BRE # 02003687

Follow Us

  • Grey Facebook Icon
  • Grey LinkedIn Icon
  • Grey Twitter Icon
  • Grey Instagram Icon