Mary Kennedy, Sr. Loan Officer

Mary Kennedy, Sr. Loan Officer Mary Kennedy
Sr. Loan Officer
(512) 750-7834 (C)
(512) 869-7871 (O)
NMLS #:179666

Frequently Asked Questions

FAQ MortgageBelow are Frequently Asked Questions that often are encountered through the course of the home buying process. You also can use our Mortgage Dictionary to address additional terms or questions that arise.

My real estate agent recommended that I get a pre-qualification letter. What is a pre-qualification letter, and why should I get one?
Do I need to be prequalified before I begin searching for my home?
When I apply for a mortgage, what documents will I need?
If I am a non-citizen, can I qualify?
Is it still possible to qualify for a loan even if I have past credit problems?
What is the difference between a FHA and a VA loan?
How do I know what my interest rate will be?
How does the Annual Percentage Rate differ from the interest rate?
Should I get a fixed or adjustable interest rate?
What does my mortgage lender mean by points or origination fee?
When mortgage lenders refer to “PITI” what are they referring to?
What amount is required for a down payment?
How does mortgage insurance work?
How do I know if I need mortgage insurance? If I do need it, how do I get it?
Do I need to have a certain amount of money left after I buy my home?
When my loan officer asks me if I want to waive escrows, what exactly does this mean?
Why did I receive a Truth-In-Lending?
Will I get a copy of my credit report and appraisal?
What inspections are required by the lender?
When will I find out what my final figure is for the total costs to close?
Where do I go for closing?
Will I have two separate payments if I have a second lien?
Where do I send my first mortgage payment?

Mary Kennedy works hard to earn your business now and in the future.

You can reach me at my office at (512) 869-7871 or by mobile at (512) 750-7834.


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