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 the items above.) 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
Are pre-qualification and pre-approval services free?
There is no charge for getting pre-qualified or preapproved. You’re not under any obligation to use this site to apply for a loan, even if you use it to review interest rates and terms for a variety of loans, or use it to get preapproved or pre-qualify for a loan.
How important is the loan to value ratio?
The loan-to-value ratio or “LTV” shows how much equity you have in your home. Equity is the difference between how much your home is worth and how much you owe on it. For instance, if your home is worth $200,000 and you owe $130,000 on your mortgage, you have $70,000 worth of equity in your home. To calculate your LTV, divide your current loan amount by your home’s value. In our example, your LTV would be 65%. In the world of lending, higher loan-to-value (or lower equity) means there is a greater risk the borrower may default on the loan. Therefore, LTV is important in determining qualification for home loans and rates. In general, the lower your LTV, the lower your rate.
Can I get a loan if I live outside the United States?
Yes, as long as certain criteria are met. Typically, you must be a U.S. citizen with established credit and income history. We can occasionally assist borrowers who are not U.S. citizens if the home being financed is a primary residence. Additionally, the property must be located in the 50 United States or the District of Columbia. As always, every situation is unique, so contact a Home Loan Expert to be sure you qualify.
What if I have an H1B, L1, or EAD card?
We process the most non-permanent residents loans. We are experts in the visa process.When is my rate locked?Who can answer questions not addressed here?
When is my rate locked?
Your rate can only be locked after you sign the full application package and provide ALL the initial financial documentation requested. Please keep in mind that your interest rate CANNOT be locked until we have received all signed application pages.
Who can answer questions not addressed here?
There are tons of ways to reach out us!

If you’re not sure where to start, try our Client Relations team:
Call toll-free 855-549-7001 or e-mail us at hello@lemonbrew.com.

You can also utilize our Live Chat feature as well.