PURCHASE What is the minimum down payment for conventional or FHA loans? Can I apply for a purchase loan before I’ve found my property? What documents will typically be requested after I complete an application? How quickly can Zions Bank close my home loan? On a purchase loan, is there someone who will work with my Realtor? Will Zions Bank include my closing costs in the loan amount? Does Zions Bank require a homeowner’s inspection? Do I need good credit to purchase a home?   REFINANCE What are the advantages of Refinancing? What is streamline refinance and who can get it? Can I refinance without paying points or closing costs? What documents will typically be requested after I complete an application for a mortgage loan? How quickly will Zions Bank close my loan? If I refinance my loan with my existing lender, will I have to pay all the closing costs again? Is it worth refinancing if I will only save a ¼ of a percentage in interest? Will Zions Bank include my closing costs in the loan amount?   LOAN PROGRAMS What is the difference between a Fixed Rate loan and an Adjustable Rate mortgage? Is a Fixed Rate mortgage better than an Adjustable Rate mortgage? What is the 30 Year, 1 Year LIBOR ARM? What is the 30 Year, 3/1 ARM? What is the 30 Year, 5/1 ARM? What is the 30 Year, 7/1 ARM? What is the 30 Year, 5/5 Intermediate ARM Loan? How do I know what loan program is best for me? What is a Teaser Rate? What are Points? Are discount points tax deductible? May I pay additional points to reduce my interest rate? How are rates determined? What is the difference between the Annual Percentage Rate (APR) and the interest rate? Is it a good idea to shop for a loan using the APR? What is prepaid interest? What is a Jumbo loan? What are FHA loans? Does Zions Bank charge any fees to apply?   LOAN PROCESS How do I apply for a mortgage? What happens after I complete the application? How long does it take to obtain a Conditional Loan Approval? When will an appraisal be done on my house? How can I determine what mortgage amount I will qualify for? What is the difference between "locking in" an interest rate and "floating"? What is the Lock Policy? When can I lock in my loan? Are there any fees for a Lock?   GENERAL What is "Auto Pay" and what are the benefits? Is my personal information safe? What is an escrow account? What is an assumption? What is Loan-to-Value? What are credit scores? What is a good faith estimate? Who are "Fannie Mae" and "Freddie Mac"? Does Zions Bank offer mortgage loans for mobile homes? What is title insurance? What is PMI and why is it required? What is the minimum down payment required in order to eliminate PMI? How long will I be required to have PMI on my loan? How much does mortgage insurance cost?
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