Home Loans & Realty Frequently Asked Questions

Your questions, answered

We’ve collected some of the most frequently asked questions about our mortgage products and homebuying and selling services, and grouped them by topic to make it easier for you to access the information you need to make informed financial decisions.

 

Find FAQs by topic:
General Questions | Rates, Points and Closing Costs | Fixed-Rate Mortgages | Adjustable-Rate Mortgages (ARM) | FHA / VA | Jumbo | New Construction | Land | 100% Financing | Refinance | Home Equity Loan / HELOC | Home Improvement Loan | Realty | Title Insurance | Appraisal | Back to all FAQs

 

GENERAL QUESTIONS

  • What is the difference between a 403(b) plan and a Roth 403(b) plan?
    + -

    With a 403(b), contributions are made pre-tax. Taxes are then paid on withdrawals, typically in retirement when you will likely be in a lower tax bracket. With a Roth 403(b), your contributions are made after taxes have been paid, and then withdrawals taken within the limits of your plan are tax free.

 

RATES, POINTS AND CLOSING COSTS

  • What is the difference between a 403(b) plan and a Roth 403(b) plan?
    + -

    With a 403(b), contributions are made pre-tax. Taxes are then paid on withdrawals, typically in retirement when you will likely be in a lower tax bracket. With a Roth 403(b), your contributions are made after taxes have been paid, and then withdrawals taken within the limits of your plan are tax free.

 

FIXED-RATE MORTGAGES

  • What is the difference between a 403(b) plan and a Roth 403(b) plan?
    + -

    With a 403(b), contributions are made pre-tax. Taxes are then paid on withdrawals, typically in retirement when you will likely be in a lower tax bracket. With a Roth 403(b), your contributions are made after taxes have been paid, and then withdrawals taken within the limits of your plan are tax free.

 

ADJUSTABLE-RATE MORTGAGES (ARM)

  • What is the difference between a 403(b) plan and a Roth 403(b) plan?
    + -

    With a 403(b), contributions are made pre-tax. Taxes are then paid on withdrawals, typically in retirement when you will likely be in a lower tax bracket. With a Roth 403(b), your contributions are made after taxes have been paid, and then withdrawals taken within the limits of your plan are tax free.

 

FHA & VA

  • What is the difference between a 403(b) plan and a Roth 403(b) plan?
    + -

    With a 403(b), contributions are made pre-tax. Taxes are then paid on withdrawals, typically in retirement when you will likely be in a lower tax bracket. With a Roth 403(b), your contributions are made after taxes have been paid, and then withdrawals taken within the limits of your plan are tax free.

 

JUMBO

  • What is the difference between a 403(b) plan and a Roth 403(b) plan?
    + -

    With a 403(b), contributions are made pre-tax. Taxes are then paid on withdrawals, typically in retirement when you will likely be in a lower tax bracket. With a Roth 403(b), your contributions are made after taxes have been paid, and then withdrawals taken within the limits of your plan are tax free.

 

NEW CONSTRUCTION

  • What is the difference between a 403(b) plan and a Roth 403(b) plan?
    + -

    With a 403(b), contributions are made pre-tax. Taxes are then paid on withdrawals, typically in retirement when you will likely be in a lower tax bracket. With a Roth 403(b), your contributions are made after taxes have been paid, and then withdrawals taken within the limits of your plan are tax free.

 

LAND

  • What is the difference between a 403(b) plan and a Roth 403(b) plan?
    + -

    With a 403(b), contributions are made pre-tax. Taxes are then paid on withdrawals, typically in retirement when you will likely be in a lower tax bracket. With a Roth 403(b), your contributions are made after taxes have been paid, and then withdrawals taken within the limits of your plan are tax free.

 

100% FINANCING

  • What is the difference between a 403(b) plan and a Roth 403(b) plan?
    + -

    With a 403(b), contributions are made pre-tax. Taxes are then paid on withdrawals, typically in retirement when you will likely be in a lower tax bracket. With a Roth 403(b), your contributions are made after taxes have been paid, and then withdrawals taken within the limits of your plan are tax free.

 

REFINANCE

  • What is the difference between a 403(b) plan and a Roth 403(b) plan?
    + -

    With a 403(b), contributions are made pre-tax. Taxes are then paid on withdrawals, typically in retirement when you will likely be in a lower tax bracket. With a Roth 403(b), your contributions are made after taxes have been paid, and then withdrawals taken within the limits of your plan are tax free.

 

HOME EQUITY LOAN

  • What is the difference between a 403(b) plan and a Roth 403(b) plan?
    + -

    With a 403(b), contributions are made pre-tax. Taxes are then paid on withdrawals, typically in retirement when you will likely be in a lower tax bracket. With a Roth 403(b), your contributions are made after taxes have been paid, and then withdrawals taken within the limits of your plan are tax free.

 

HOME IMPROVEMENT LOAN

  • What is the difference between a 403(b) plan and a Roth 403(b) plan?
    + -

    With a 403(b), contributions are made pre-tax. Taxes are then paid on withdrawals, typically in retirement when you will likely be in a lower tax bracket. With a Roth 403(b), your contributions are made after taxes have been paid, and then withdrawals taken within the limits of your plan are tax free.

 

REALTY

  • What is the difference between a 403(b) plan and a Roth 403(b) plan?
    + -

    With a 403(b), contributions are made pre-tax. Taxes are then paid on withdrawals, typically in retirement when you will likely be in a lower tax bracket. With a Roth 403(b), your contributions are made after taxes have been paid, and then withdrawals taken within the limits of your plan are tax free.

 

TITLE INSURANCE

  • What is the difference between a 403(b) plan and a Roth 403(b) plan?
    + -

    With a 403(b), contributions are made pre-tax. Taxes are then paid on withdrawals, typically in retirement when you will likely be in a lower tax bracket. With a Roth 403(b), your contributions are made after taxes have been paid, and then withdrawals taken within the limits of your plan are tax free.

 

APPRAISAL

  • What is the difference between a 403(b) plan and a Roth 403(b) plan?
    + -

    With a 403(b), contributions are made pre-tax. Taxes are then paid on withdrawals, typically in retirement when you will likely be in a lower tax bracket. With a Roth 403(b), your contributions are made after taxes have been paid, and then withdrawals taken within the limits of your plan are tax free.

Ask RBFCU