Online Rates & Loan Estimates. Apply Online. - Resource Center

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Calculators

There are many financial decisions involved in purchasing or refinancing a home. The calculators we provide here can help you decide some of those decisions.

To choose another calculator, simply select one from the drop-down list below and click "Go!"

Your Property

When you buy or refinance a home, the property is used as collateral for the loan. Here's what the lender is looking for and why.

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Loans, Rates & Fees

When it comes to home financing, there are many different options to choose from. How do you find the loan that's best for you? Here is some information to help you.

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What is your rate lock policy?

Rate Lock Process
Upon receipt of your online application, your file will be reviewed by a Loan Officer who will call you regarding your rate lock. Rates may be locked Monday through Friday, from 8:30am to 5:00pm. You may choose to lock or float your rate, however, once you have locked your rate, it may not be renegotiated. Purchase transactions under contract may be locked for 15, 30 or 45 days. Refinance transactions may be locked for 15 or 30 days. Prior to locking your rate, you must pay for your appraisal. If an appraisal is not required, you must upload your documents prior to locking.
Revisions to Lock Terms
Certain revisions can be made to your lock throughout the process, based on the pricing in effect at the time of your original lock. Your original lock expiration date stays in place. Such allowed revisions include:
Changing the rate and point/credit combination selected, subject to availability.
Changing whether an escrow account will be established for taxes and insurance.
Changing loan purpose (cash-out, no cash-out), LTV (based on appraised value), or other such changes impacting risk-based add-ons.
Expiring Lock Periods
If the delay is caused by us, we will extend the rate lock at no cost. If the delay is caused by you or a third party service provider, and pricing available at that time is worse, your loan will be relocked at pricing available at that time.
Fees Collected at Lock
An appraisal deposit is collected by credit card at the time you lock in your rate. The deposit will be for the amount quoted online. To view, run a rate search and then click on View Details link to see a breakdown of closing costs, including appraisal fee. The funds collected will be maintained in a trust account and used to pay for your appraisal, a service performed by an independent third party. The appraisal cost will be no greater than the deposit collected and, if the appraisal costs less than the deposit, the balance will be credited back to you at closing.
Market Movements During Lock Period
When you lock your rate with AimLoan, we take down a commitment to deliver the financial interest in the loan to Fannie Mae or Freddie Mac (we retain the servicing rights), locking in our small profit margin. If market rates increase during the lock period, we will not increase your rate; if market rates decrease during the lock period, we will not decrease your rate.

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Your Application

Applying for a mortgage can be very intimidating. You're asked specific details about your income, assets, and debts. Here we will give you information that will let you know how that information is used when applying for a mortgage.

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Closing & Beyond

Hurray! Your loan has been approved and your loan closing date has been set! This section will give you some idea of what to expect at closing and what happens after closing.

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Glossary

There are a lot of unfamiliar terms that get tossed around during the mortgage process. But don't worry, we've put together this glossary to help you get a better grasp of any terms that may be less than clear.

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