1:	How much do I qualify for?
2:	How do fixed-rate mortgages differ from adjustable-rate mortgages?
3:	What does amortization mean?
4:	What are "points"?
5:	What is an APR?
6:	What does PITI mean?
7:	What is an escrow account?
8:	What is PMI? Can I get rid of PMI on my loan?

1:	How much do I qualify for?
	Usually two or three times your combined gross annual income, assuming average credit scores and debt load.

2:	How do fixed-rate mortgages differ from adjustable-rate mortgages?
	Fixed-rate mortgages come with an interest-rate that remains unchanged for the term of the loan. RightSide Lending can offer rates that are fixed for up to 40 years. Adjustable-rate mortgages, sometimes referred to as ARMs, have rates that change at predetermined intervals relative to market interest rates. Typically ARMs start at a lower interest rate than fixed-rate mortgages. Call us today to find out which option is best for you.

3:	What does amortization mean?
	Amortization is the duration of your loan, splitting principal and interest into equal payments to pay off your debt.

4:	What are "points"?
	Points, or loan discount points, are pre-paid interest on your loan. Charged at closing, each point equals 1% of the mortgage amount. Typically points are used to reduce the interest rate of your loan.

5:	What is an APR?
	APR, or Annual Percentage Rate, is the actual cost of the mortgage, factoring in points and other credit costs. APR will differ from your interest rate because it takes in to account all the costs associated with borrowing the money for your mortgage.

6:	What does PITI mean?
	PITI stands for Principal Interest Taxes and Insurance. All these components added together make up your monthly mortgage payment.

7:	What is an escrow account?
	An escrow account, sometimes referred to as an impound account, is a special savings account that is set up by the lender when you take out a mortgage. The money in the account covers your estimated real estate taxes and home insurance when they come due.

8:	What is PMI? Can I get rid of PMI on my loan?
	PMI or Private Mortgage Insurance is normally required when you buy a house with less than 20% down. Mortgage insurance is a type of guarantee that helps protect lenders against the costs of foreclosure. In most cases lenders will allow you to cancel your PMI once your loan amount reaches 80% of the value of your home. Sometimes a new appraisal will be required.