Frequently asked questions
How do I compare mortgage quotes?
There are basically two components to a mortgage loan, the rate and the closing costs. You have to know accurately the cost of each quote to know if the rate is comparable. We will email you a complete breakdown of each, and no personal information needed
How long does it take to close on a house?
Mortgage loans can still close in 30 days. You may be able to close quicker if you start the process ahead of time. Call us to find out how to submit your loan before you find a property!
Does the mortgage company need to pull my credit report to give me an estimate?
No, we will be happy to order your credit report but it is not needed to provide a fee worksheet
Are banks lending?
Yes, although the programs have changed a lot, they always have been
How do I qualify?
Qualification is mostly based on gross income, monthly debts and credit score. It only takes a few minutes on the phone to find out what you qualify for
What if I want to fix up the property?
"Re-hab" loans are available which will build the cost of repairs into the loan. These require more time to close
What paperwork will I need?
Generally you will need your last two pay stubs, last two bank statements, and last two W2 forms. If you are self employed you will probably need your last two tax returns, but in some cases only one
Still have more questions ?
Email us about FHA, VA, Fannie Mae, rehab loans and more, get an answer without getting on a mailing list!