Mortgage FAQ'S Below are answers to questions we commonly receive. If you do not see your question listed below, please call us at (941) 955-7115 to have one of our knowledgeable and firendly loan officers assist you. GENERAL What is a Good Faith Estimate (GFE)? What are closing costs? What happens if I miss my closing? What is a down payment? What sources can I draw from for my down payment? What will my monthly payment include? What is an Origination Fee? Home Ownership Accelerator Pay off your home earlier Save thousands in interest No change to spending habits      View Basic 5 Minute Video      View Online Simulator LOAN TYPES What is an adjustable rate mortgage (ARM)? What is a Convertible ARM? What is a Fixed-rate mortgage? What is a Balloon Mortgage? What is Home Ownership Accelerator? INTEREST RATES What is an APR? What is the difference between my interest rate and APR? When should I lock or float my rate? How do I lock my interest rate? Can my rate change during my lock-in period? What happens if my rate expires before I close my loan? What causes interest rates to rise and fall? INTEREST RATE INDEXES What is an index? What is the 12-Month Treasury Average Index? What is the CMT Index? What is the LIBOR Index? What is the prime rate? What is the Fed Funds rate? What is the discount rate? INSURANCE What is Title Insurance? What is Mortgage Insurance? What is private mortgage insurance (PMI)? FEDERAL PROGRAMS What is Fannie Mae? What is HUD? What is FHA? What is Freddie Mac? What is the VA?

1444 First Street, Suite A, Sarasota, Florida, 34236  |  Toll-Free : (800) 377-8203  |  Tel : (941) 955-7115  |  Fax : (941) 957-0020 © Kroboth & Helm Mortgage Co., Inc.   All Rights Reserved.   Site Design by Professional Web Designs Kroboth & Helm Mortgage Co., Inc. is a South Florida Correspondent Mortgage Lender serving all of Florida. Located in Sarasota, Florida, we specialize in financing Florida Real Estate by offering residential loans up to $10 million and commercial loans up to $20 million.  We have over 100 years combined experience in financing Waterfront and beachfront properties, condominiums and new home construction and offer personalized & smooth mortgage closings.