Frequently Asked Questions

Mortgage FAQ

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Frequently Asked Questions
Is it really possible to do a loan without having to pay closing costs? open question
YES! It is possible, and it can save you money. How No Cost Loans Work
Should I refi or just pay extra on my loan? open question
Most of the time, it makes more sense to refinance. If your main concern is paying as little interest as possible, we can help you get in a 15-year loan and save a ton in interest.
How do I know which rate is best for me? open question
The best rate for you depends on how long youre planning on keeping the mortgage. The longer you keep it, the more you should pay up-front for a lower rate. Use our Find Your Best Rate Tool to see which rate is best for you.
How long does it take to close? open question
Our average loan can close in less than 3 weeks if we get documents back quickly. We are so confident that we can close you purchase on time that we have a $5,000 close on time guarantee.
Do I have to put 20% down? open question
No! We have purchase programs that will let you put as little as 3% down. Check out our Find Your Best Rate Tool to see what your monthly payment would be.
How can I know I’m getting a good deal? open question
City Creek has 24/7 live rate quotes. You can check any quote against ours any day of the week! We have nothing to hide