Hi, how can we help?
We have selected some frequently asked questions below.
We know buying a home can drum up a lot of questions or if refinancing you may want to know how much cash out you can pull from your home. Find the answers to your questions below.
Not all loans require 20% down. There are programs like the FHA Loan Program that puts donations and grants towards your down payment.
Veterans can finance up to 100% of your mortgage with the VA Loan Program. Contact one of our loan officers today at 703-239-7700 or email us at info@citylendinginc.com to apply.
No! And getting prequalified for your mortgage before you find a home may actually make you a more competitive buyer.
Contact one of our loan officers today at 703-239-7700 or email us at info@citylendinginc.com to get pre-qualified.
Your monthly mortgage payment depends on a number of factors: your term length, mortgage type, down payment, property appraisal, credit score, etc. You can get an estimate of what your payment might look like with a mortgage calculator.
When you own a home, your monthly payments are going towards your mortgage, and you’ll eventually pay off your house, versus paying rent indefinitely on a place that you’ll never own.
Homeownership gives you:
- Total control of the property
- Ability to renovate and design to your preferences
- Increase equity and market value with renovations
- Tax deductible
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