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Q. |
What are
closing costs? |
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A. |
A variety of
expenses can be considered “closing costs:” lawyer fees,
credit reports, title insurance, etc. These are out of
pocket expenses for you, however if you do not have the
liquid funds for them, there are other payment options
available. These costs can often be worked into your loan or
paid by the seller. |
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Q. |
Can I get a
loan if I am self-employed? |
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A. |
Yes! There are
loan programs available for self-employed borrowers to
borrow up to 100% of the purchase price of their house.
Options are available for borrowers with no income
verification. |
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Q. |
How do I get
started? |
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A. |
Call us today!
Home buying or refinancing does not have to be difficult. We
can walk you through every step of the process.
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Q. |
My credit is
less than perfect? Is this a problem? |
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A. |
Absolutely not.
There are thousands of loan programs that cover the
full spectrum of financial and credit profiles. Our
specialty is finding a loan for every home, no matter how
unique the situation. No matter your situation, you won't
find a better program, with better rates, and better service. Best of all, there's no cost or
obligation to apply for a loan or obtain a custom loan
search. APPLY NOW! |
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Q. |
What is a rate
lock? |
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A. |
A rate lock is a
lender's guarantee of an interest rate for a set period of
time, usually between loan application and loan closing. The
lock period can range anywhere between 15 days to 90 days
during which time the borrower is protected against rate
fluctuations. Generally speaking, the longer the lock-in
period, the higher the cost to the borrower, in interest
rate or points, or a combination of both. |
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Q. |
Do you have no
cost or low cost options? |
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A. |
Absolutely. With
the large variety of loan programs available today, we can
get you into a new home or refinance your existing loan with
no cost or minimal cost to you. Your savings will be
immediate and you won't have to sacrifice your savings or
equity to get a great rate. We offer no down payment and low
down payment home purchase options and no cost refinance
programs. Just ask one of our friendly Mortgage Consultants
for our flexible financing options. |
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Q. |
How long does
the loan process take? |
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A. |
That depends on a
number of things. For example, the closing date on a
purchase loan is determined by the escrow closing date that
is agreed upon between the buyer and the seller or builder.
Usually, purchase escrow periods range between 30 to 90
days. On refinance transactions, the process can vary
between 5 to 30 days depending on whether there are any
special circumstances surrounding the transaction. |
