Mortgage Guide for Buyers Under Contract

This page is for buyers who like to understand the mortgage process in more detail. Most people only click two or three topics.

If you are unsure what applies to your loan, text or email me first.

What do you want to understand right now?

⏱ What happens next and when
Mortgage timeline The 3 7 3 Rule What can delay a closing Appraisal basics and low appraisal options Inspection period and lender-required repairs
💰 Money and cash to close
Out of pocket vs cash to close Closing costs vs prepaids Seller credits vs lender credits vs concessions Can costs be rolled into the loan Payment calculator
🏦 Escrow, taxes, and insurance
How escrow works Can I waive escrow Why a fixed rate payment can increase Homeowners insurance basics Homestead exemption and property taxes
📈 Rates, points, and credits
How interest rates really work Points vs lender credits Breakeven analysis for buydowns Temporary buydowns explained When should I lock my rate
📄 Approval and underwriting
Tips for a smooth loan approval Why lenders ask for updated documents Large deposits and bank statement questions Credit refresh and employment verification Wire fraud warning
🏡 Checking a specific property
USDA RD eligibility Flood zone map Louisiana property tax lookup Customized pre approval letter
Still unsure? Send me a screenshot of your question and I will point you to the right place.