Q: Is there an application fee?

A: There are no fees to apply for a loan at Rusert Mortgage.
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Q: How long will it take to close my loan?

A: Every situation is different, that's why Nina's help is so invaluable. The standard time to close a mortgage loan is two weeks.
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Q: If I want to buy a house, who do I contact first? A real estate agent or Rusert Mortgage?

A: If you are considering purchasing a home, you should contact Rusert Mortgage first so we can pre-qualify you. There is nothing worse than finding a house you love and then finding out you cannot afford the purchase price.
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Q: What is an escrow account?

A: An escrow account is basically a savings account set up and maintained by your lender where a portion of your monthly payment is set aside to cover the cost of your homeowners insurance and property taxes.
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Q: What is Private Mortgage Insurance (PMI)?

A: Private Mortgage Insurance is an insurance policy, paid for by you that protects the lender. On most mortgage loan programs, you are required to have PMI if you finance more than eighty percent (80%) of the home's appraised value or the contract sales price.