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Mortgage FAQs


I really want to own my own home, but I'm not sure I can afford it. Where do I start?

How do I know how much house I can afford?

When should I talk to a mortgage lender?

How do I choose a mortgage lender?

How do I know which type of mortgage is best for me?

Do they really need to know everything about me for the application?

How much will my credit history affect my ability to get a mortgage?

I have a bad credit rating, will anyone lend to me?

How much will I need for the down payment?

What First Time Buyer Programs are available?

How much will my closing costs be?

Should I spend the money to have a home inspection?

What is an appraisal? Will I need one?

How much money will I save by choosing a 15-year loan rather than a 30-year loan?

What is title insurance and why do we need it?

What is mortgage insurance and when is it required?

What is the annual percentage rate ("APR")?

What are Closing Costs?

What is Interest Rate Lock in?

CNB Mortgage Company - Licensed New York Mortgage Banker, NYS Department of Financial Services, NMLS ID 213408.
CNB Mortgage Company is a wholly owned subsidiary of Canandaigua National Bank & Trust.

Canandaigua Office - 72 South Main Street, Canandaigua, NY 14424, (585) 394-9100 | Pittsford Office - 63 Monroe Ave, Suite A, Pittsford, NY 14534, (585) 385-2370