Member Services FAQs
The Mortgage Process:
- What is an escrow account? Why do I need one?
- How will my taxes be paid?
- What does an appraisal do for me?
- Do I need an appraisal and an inspection?
- How long will it take to close my loan?
- Will my fixed rate mortgage payment fluctuate throughout the life of the loan?
- The importance of a property inspection.
- What is private mortgage insurance (PMI) and how does it benefit me?
- What do I do with a homeowner’s insurance claim and any loss draft checks?