Mortgage Questions and Answers

Mortgage Q&A

We at Mid-Island Mortgage Corp. know that there's a lot of information out there... some of it is confusing, some downright misleading! For that reason, we've compiled a list of some of the most commonly asked questions that we've encountered...

What are the most commonly made mistakes in buying or refinancing a house?

Do I really need to opt for a "rate lock"?

What is PMI? Can I get rid of the PMI on my mortgage?

Why do mortgage rates change?

What is the difference between pre-qualifying and pre-approval?

What exactly is a Reverse Mortgage and is it right for me?

What are the steps of the loan process?