Id love to help you come up with a list of questions but I need to know more about the objective of your assignment. Is there a difference in the number of days for a conventional loan vs. Mortgage Company originates to investors. What percentage of your loan portfolio is comprised of Fixed Rate Mortgages vs. Many mortgage companies no longer do business in the Wholesale or Correspondent channels. Again, if I had more information on what youre trying to achieve with your class project, I could give you questions that are more to the point.

Your credit score is not bad for a home loan. Contact several lenders in your area, by telephone or in person, and ask to speak to a loan officer.

Ask them if, based on the information youve given them, they would be likely to approve you for a home loan. If you dont know what that term means, ask the first lender; they can better explain it.

Its a bit like gambling. Your loan officer should be able to best guide you on what they believe the rates will do over the next day or so.

This tells you how much time you have to find the property you want, have a Contract written by a real estate professional, and make an offer. What you need to consider is how much you are saving by paying off your credit card debit. If you are saving money each month, than it is to your advantace to refinance. You can clain the mortgage interest you pay going long form at tax time. Also, lenders are looking a property very carefully. Too many variables to consider. One thing is please stay current on all your bills. Mortgage, credit cards, etc anything that is being reported on your credit report. For instance, I look at rates, and choose the best rate possible for my clients, before locking in the rate. If you shop, your credit is pulled and that is considered a soft pull, for a 30 day period. Just like shopping for a auto, it is good for 30 days. Department Charge Card, Gasoline Card or make any major purchases, like a auto, etc. This will pull your credit down. However, go this website for an excellent glossary of mortgage terms. There are other links on this page that may also interest you too. FICO score gives a Borrower a better chance of getting a loan and getting it at a better rate.

Putting this all into practice is going to take some training and I hope you are good with math and like crunching numbers.