Learn about mortgage loan basics like fixed vs. adjustable rate mortgages, interest rate vs. APR, and how to get started with the mortgage process with Mortgage Loan Officer Rick Garber (NMLS ID 686871). 

Cambridge Savings Bank – Member FDIC – Equal Housing Lender – NMLS ID 543370

Learn more about how loans are processed by our expert team of analysts and mortgage loan officers, with Vivian Meranda (NMLS ID 35377) and Catherine Chaves. 

Cambridge Savings Bank – Member FDIC – Equal Housing Lender – NMLS ID 543370
 

In this video, Mortgage Loan Officer Conroy Jackson defines both formal approval letter and credit approval letter/pre-qualification. 
A formal approval letter is notification that the lender has conditionally approved an applicant’s request for a loan.
Having a credit approval letter/pre-qualification from a reputable lender can increase your chances of having your offer on a home accepted. Learn more about credit approval with Mortgage Loan Officer Conroy Jackson (NMLS ID 185902). 

Cambridge Savings Bank – Member FDIC – Equal Housing Lender – NMLS ID 543370
 

If your application is approved, we will provide you with a loan commitment and closing disclosures. Learn more about this process in this short video. 

Cambridge Savings Bank – Member FDIC – Equal Housing Lender – NMLS ID 543370
 

Once we have all of your final documentation and your loan is clear to close, a loan closing attorney will contact you to schedule your closing. Learn about the closing with Mortgage Loan Officer Matthew Longo (NMLS ID 38782). 

Cambridge Savings Bank – Member FDIC – Equal Housing Lender – NMLS ID 543370
 

During the mortgage process, it’s best to keep your mortgage loan officer apprised of any large purchases that could impact your credit score. Learn more in this short video. 

Cambridge Savings Bank – Member FDIC – Equal Housing Lender – NMLS ID 543370