Frequently Asked Mortgage Questions

Refinancing Questions

• What are the benefits of refinancing?
• I have never refinanced. What is the process?
• How do I know which bills to consolidate to save the most money?
• Can I refinance to take cash out of my house?
• How do I know what my loan rate will be?
• I recently filed bankruptcy. Can I qualify for a loan?

Credit Questions

• What type of credit score do I need?
• If I have had credit problems, can you still help me?
• Will you pay my creditors directly?

Home Mortgage Questions

• I just bought my home 2 years ago. Can I refinance?
• Can we borrow funds to make home improvements?
• How much do I need for a down payment?
• Can I apply for a purchase loan before I find a property?

Application Questions

• How long does the process take?
• Do I have to pay an application fee?

Refinancing Questions

Q: What are the benefits of refinancing?

A: You may want to consider refinancing if you are interested in paying off high-interest-rate debt, shortening the length of your mortgage term, or lowering your monthly mortgage payment. Top

Q: I have never refinanced. What is the process?

A: Our experienced Mortgage Consultants will work with you one-on-one and walk you through the process. Top

Q: How do I know which bills to consolidate to save the most money?

A: Your Mortgage Consultant will look at your individual situation and guide you through the process. Your Mortgage Consultant will help you determine the best plan to meet your needs. Top

Q: Can I refinance to take cash out of my house?

A: Yes. We offer a variety of options that allow you to tap into your home's equity and take cash out. Consult your Mortgage Consultant for the best cash-out refinancing option for you. Top

Q: How do I know what my loan rate will be?

A: Rates vary primarily based on the type and purpose of the loan, your credit history and income, loan amount, and the value of your property. Top

Q: I recently filed bankruptcy. Can I qualify for a loan?

A: We have a variety of programs that can help those who have filed bankruptcy. Top

Credit Questions

Q: What type of credit score do I need?

A: We work with all types of borrowers with a variety of credit scores. Top

Q: If I have had credit problems, can you still help me?

A: Yes, we have a variety of loan programs available. Top

Q: Will you pay my creditors directly?

A: We will send payment to your current mortgage company and any other lien holders. However, we will give you the checks for your other creditors to send in with your statements. Top

Home Mortgage Questions

Q: I just bought my home 2 years ago. Can I refinance?

A: Yes, we can help you refinance in almost any situation. Top

Q: Can we borrow funds to make home improvements?

A: Yes, you can use the equity in your home to make improvements. Top

Q: How much do I need for a down payment?

A: There is no set amount. In fact, you might be surprised to learn that many first-time homebuyer programs require as little as 3% down. There are many loan programs that can be tailored to fit your needs and financial resources. Top

Q: Can I apply for a purchase loan before I find a property?

A: Yes. A pre-approval is a review of your financial situation to determine the loan amount you qualify for. A pre-approval may give you greater flexibility and leverage while you conduct your home search. Top

Application Questions

Q: How long does the process take?

A: We can pre-approve you within 24 hours, and often close in under 30 days. Top

Q: Do I have to pay an application fee?

A: No, we never charge an application fee. Top