KEEP THIS RAMEN NOODLE STIR FRY IN YOUR BACK POCKET FOR BUSY NIGHTS WHEN YOU NEED A QUICK MEAL! COMPLETELY CUSTOMIZABLE, THE BEAUTY OF THIS RECIPE IS THAT YOU USE THE RAMEN SOUP PACKETS FROM INSTANT RAMEN PACKETS TO MAKE THE STIR-FRY SAUCE.
I consider stir-fries to be a quick mid-week meal, but this is even faster. Because you don’t have to make a sauce from scratch, half the work is already done for you in the form of the packet of soup stock that comes in the ramen packets! I came up with this recipe way back when I was a poor college student. I had way than my fair share of basic Instant Ramen – bring water to boil, add a packet of soup stock powder, add veggies and protein, add noodles. Dinner, done, in 3 minutes. But there’s only so much basic Instant Ramen you can have before you are completely and utterly over it…..Enter: Ramen Noodle Stir Fry.
What is the difference between pre-approved and pre-qualified?
When a homebuyer is pre-qualified, he or she has provided the lender with the basic information to determine which loan program the homebuyer may qualify for. Whereas, when a homebuyer is pre-approved, the lender has collected, verified and presented the information needed for underwriting and approval.
What is the difference between interest rate and APR?
Your interest rate is the monthly cost you pay on the unpaid balance of your home loan. An Annual Percentage Rate (APR) includes both your interest rate and any additional cost or prepaid finance charges such as the origination fee, points, private mortgage insurance, underwriting and processing fees (your actual fees may not include all of these items). While your interest rate is the rate at which you will make your monthly mortgage payments, the APR is a universal measurement that can assist you in comparing the cost of mortgage loans offered by different mortgage lenders.
What are the closing costs?
Closing costs include items like appraisal fees, title insurance fees, attorney fees, pre-paid interest and documentation fees. These items are usually different for each customer due to differences in the type of mortgage, the property location and other factors. You will receive a good faith estimate of your closing costs in advance of your closing date for your review.
Which amounts are included in my monthly payments?
If you have a fully amortizing mortgage, portions of your monthly mortgage payment go toward loan principal and interest. Interest-only mortgage payments include only the interest that is due on the outstanding principal balance. If your mortgage carries mortgage insurance, a portion of your monthly mortgage payment will pay this also, unless the lender has paid your mortgage insurance or you have paid your mortgage insurance upfront. If you have set up an escrow account for your mortgage, then portions also go toward your property taxes and homeowners insurance.
What is PMI?
Private Mortgage Insurance is provided by a private mortgage insurance company to protect lenders against loss if a borrower defaults. Private Mortgage Insurance is generally required for a loan with an initial loan to value (LTV) percentage in excess of 80%. In most cases, this will mean that you will have to pay Private Mortgage Insurance if your down payment is less than 20% of the value of the home you are purchasing or refinancing. The cost of the mortgage insurance is typically added to the monthly mortgage payment.
Can I lock my interest rate when purchasing a home?
Absolutely. PRMI provides a variety of options to lock in your interest rate. Locking your rate means that the lender is agreeing to provide you with your mortgage at that particular rate, and that it won’t go up (or down) between the time you lock it and the time that you close on your home. If your mortgage is fixed-rate, your interest rate will remain the same throughout the life of the loan. Mortgage interest rates fluctuate constantly, and you don’t want to start shopping for a house operating under a certain interest rate assumption, only to be unpleasantly surprised that interest rates have risen during your house hunt.
What will my rate be?
Rates are based on a variety of factors such as the loan purpose, your credit history and ability to repay, the value of the collateral and the loan amount.
How do I start the application process for a mortgage?
Visit one of our locations or access our or click here if you are ready to apply..
What is an FHA mortgage?
FHA loans are government-insured loans through the U.S. Department of Housing and Urban Development, also called HUD. FHA loans offer an excellent start to first-time home buyers, with options such as a low down payment or a low closing cost option.
Low down payment is required
Your own personal savings are not required to pay down payment or closing costs. Gift funds may be used instead
You can buy an existing home, or build a new one
Some geographic limitations apply
How does my escrow account work?
An escrow account is a separate account that holds funds for the purpose of paying bills such as homeowner’s insurance and property taxes. The lender collects the funds to be deposited into the account each month along with your monthly payment and then pays the bills for you when they come due. By taking the annual amounts charged for homeowner’s insurance, property taxes and other annually paid items and dividing them by 12, a payment amount is determined and is added to your monthly principal and interest payment. Spreading the cost of these expenses over 12 months makes it easier for you to budget those expenses and you won’t have to come up with additional cash when bills are due. For some loans, escrow accounts are a requirement.