Your mortgage questions, Answered.

Applying for a mortgage with Castillo Real Estate LLC is a straightforward process. Begin by visiting our website and clicking the 'Apply Now' button, which directs you to our secure application portal. Here, you’ll provide essential information to help us...

The first step in the homebuying process is getting pre-approved for a mortgage. This helps you understand how much home you can afford and gives you a competitive edge when making an offer. I’ll guide you through the process, helping you secure the best f...

At Castillo Real Estate LLC, we understand that navigating the home-buying process can be overwhelming, especially for first-time buyers. That's why we offer an Educational Center packed with valuable resources. Explore our Video Library, which includes sh...

There are several types of mortgage loans available, including conventional loans, FHA loans, VA loans, and more. The right loan for you depends on your financial situation, credit score, and whether you are a first-time homebuyer. I’ll work closely with y...

To determine how much home you can afford, we will look at your income, monthly debt obligations, credit score, and down payment. I can help you get pre-approved, which will give you a clearer picture of your budget and help you avoid wasting time on prope...

If you have stable income, a manageable debt-to-income ratio, and some savings for a down payment, you might be ready to buy. However, the emotional readiness is also crucial—homeownership is a long-term commitment, and it’s important to feel prepared for ...

Pre-qualification is an estimate of how much you may be able to borrow based on a brief review of your financial situation, while pre-approval involves a more detailed review of your credit, income, and other factors. Pre-approval gives you a stronger posi...

A traditional down payment is typically 20% of the home’s purchase price, but many loan programs offer lower down payment options. Some programs may require as little as 3-5%, especially for first-time homebuyers. We’ll work together to find the best finan...

Closing costs are fees associated with the finalization of your mortgage, such as title fees, inspection fees, and lender fees. They typically range from 2-5% of the home’s purchase price. We’ll go over all of these costs upfront, so you’re prepared and ca...

An escrow account is used to hold funds for property taxes and insurance. Typically, your lender will require an escrow account to ensure these payments are made on time. If you’re unsure whether you need one, I’ll help explain the details and ensure you u...

Once your offer is accepted, we move into the inspection and appraisal phase, where you’ll have the opportunity to assess the condition of the home and ensure it’s worth the asking price. After that, we’ll finalize your mortgage, review the closing documen...

The typical home buying process takes about 30-45 days from offer acceptance to closing. This timeline can vary depending on factors like the type of loan you’re using, inspections, or any issues that come up during the process. I’ll keep you updated and w...

A home inspection is a detailed evaluation of a property’s condition, including the structure, plumbing, electrical systems, and more. While it’s not required, it’s strongly recommended to avoid any surprises after closing. If any issues arise, we can nego...

It’s possible to buy a home with less-than-perfect credit, though your loan options may be limited. There are special loan programs, such as FHA loans, that are more lenient with credit scores. I’ll help you explore all options, including credit improvemen...