Mortgage FAQ
Questions Tara Ryan and The Ryan Mortgage Team hear from buyers, homeowners, and agents — answered here so the next person with the same question finds it fast.
Most-asked questions
How should I safely verify wiring instructions before sending closing funds?
Before wiring any money for closing, call the closing attorney or settlement office using a phone number you already trust (or have indep...
What does it mean when the appraisal comes in at or above the purchase price and no repairs are required?
In general, this is a positive appraisal result. It means the appraiser’s opinion of value supports the purchase price, the property is r...
What does a no-points mortgage option mean when comparing mortgage choices?
A no-points option generally means the borrower is not paying upfront origination or discount points to reduce the cost of borrowing. Tha...
What does a no-points mortgage option mean when comparing mortgage choices?
A no-points option generally means the borrower is not paying upfront origination or discount points to reduce the cost of borrowing. That can make upfront costs lower, but the overall structure may differ from an opt...
Read the full answerWhat does it mean when the appraisal comes in at or above the purchase price and no repairs are required?
In general, this is a positive appraisal result. It means the appraiser’s opinion of value supports the purchase price, the property is reported as conforming to the neighborhood, and the appraiser did not call out re...
Read the full answerHow should I safely verify wiring instructions before sending closing funds?
Before wiring any money for closing, call the closing attorney or settlement office using a phone number you already trust (or have independently verified), not a number from a new or suspicious email. Be cautious of...
Read the full answerThese answers are educational only and are not individualized financial, legal, or mortgage advice. Programs, rates, and guidelines change and vary by situation — talk with Tara Ryan, Loan Officer, NMLS #233792, for guidance specific to your scenario.
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