First Time Buyers   >>  FAQ - Frequently Asked Questions

Clements Banking Group

1. Why should I choose Clements Banking Group at GSF Mortgage as my mortgage lender? answer
2. Does it cost more to borrow from Clements Banking Group at GSF Mortgage? answer
3. I'm just shopping for the best rate ... why won't Clements Banking Group at GSF Mortgage quote a mortgage rate like other lenders? answer
4. Where can I find accurate, up-to-date mortgage rates on the web? answer
5. Where are rates going? What affects mortgage rates? When should I lock my rate? answer

Programs

1. How do I know which type of mortgage is best for me? answer
2. What is a "Flat Fee", "One Fee" or even a "No Cost" Mortgage? answer
3. What is the difference between a Fixed Rate Mortgage and an Adjustable Rate Mortgage? answer
4. Which is better, an Adjustable Rate or a Fixed Rate Mortgage? answer
5. Is there a mortgage that has Monthly Payment Options? answer
6. What is a Reverse Mortgage? answer

General

1. When should I consider Refinancing? answer
2. Do I need to be concerned about a possible “housing bubble”? answer
3. What documentation do I need when I apply for a mortgage loan? answer
4. What does my mortgage payment include? answer
5. What is an Annual Percentage Rate (APR)? answer
6. What should I know about Credit Scores & Credit Reports? answer
7. Do I need great credit to buy or refinance a home? answer
8. What can I do to avoid a Foreclosure if I am behind on payments? answer
9. What do I need to know about Homeowners Insurance? answer
10. How quickly can a home mortgage be completed? answer
11. Is mortgage lending complicated? answer

GSF Mortgage Corporation is a full service mortgage company dedicated to customer service before, during, & after the transaction. We realize that home financing is a dynamic undertaking. Motivation and capabilities differ from customer to customer and we believe that we can connect to our customer´s specific goals and needs and assist them in accomplishing their financing goals. Our company slogan is "We value your business and will earn your referrals".