Whitley Mortgage Associates, Inc. NMLS# 107585
March 26, 2019

Day

We have a new “Ask the Expert” interview today with Renee Hendricks, Home Loan Specialist. Renee, I have several questions concerning going from homeless to homeowner. 1. Renee, if a person does not have a permanent address currently how long must they have a permanent address to qualify for a home loan? We must provide...
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Down payment
Down payment is cash that you pay upfront for your home.
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Number of years you have to pay.
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Interest rate (per year)
The percentage of interest that you will pay on your mortgage for a specific term.
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PMI is Private Mortgage Insurance which is usually required to pay if your Down payment less than 20%.
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