Mortgage FAQs: The Mortgage Process – HUNT Mortgage

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Q: What is a fixed-rate mortgage vs. an adjustable-rate mortgage? A: Fixed-rate mortgages have a fixed interest rate throughout the life of the entire loan. An adjustable-rate mortgage has an interest rate that can change periodically during the life of the loan.

Finance of America Mortgage LLC is a Licensed Mortgage Banker in the State of New York, but this website has not been approved by the New York State Department of Financial Services. Until this website is authorized by the New York State Department of Financial Services, no mortgage loan applications for properties located in New York can be accepted through this site.

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To avoid any surprises down the road, know what your credit score is before you start the mortgage preapproval process. Most mortgage lenders like. the products and services advertised. See the FAQ.

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