Tools & Information
Would you like to know the monthly payment for a particular loan, how much income you need to buy a particular house or how big of a mortgage you can take on?
Discover one of the best collections of mortgage calculators and financial tools around.
Prequalify for your home loans and determine your mortgage payments. Find out all you need to know before you buy, refinance, or take out a home equity loan.
Many customers have asked "why FHA" recently? The answer is that FHA is the only viable loan source for mortgage loans currently in existence. Here are some good questions/ answers
QUESTION: “Isn’t FHA for low income borrowers or for
home purchases only?”
ANSWER:
No, FHA is for anyone wanting to
purchase OR refinance a home!
QUESTION: “These tough times have taken a toll on my
credit, would I even qualify?”
ANSWER: The
owner believes “if there’s a will, there’s a way”. More emphasis is put on fixing the problem
going forward; in fact…people call every day with low credit scores that we can
easily bring higher and qualify for the rates above!
QUESTION: “How long does it take to close a loan?”
ANSWER: If
someone has a 620 credit score, verifiable documented income (W2’s/paystubs)
and works with us, 1-2 weeks…(obviously longer if we need to mend credit issues
etc.)
QUESTION: “I am
having a tough time financially and cannot afford closing costs”
ANSWER: We
finance all closing costs into whatever payment we quote you, certain products
do require a deposit (only a check written to cover the appraisal if you change
your mind, will not be cashed/deposited…just held, you get it back at closing
or if your loan is denied for any reason)
QUESTION: “If I
start this loan now, should I make upcoming payments that are due on debts I’m
consolidating?”
ANSWER: It’s always better to make any payment that
is due, but if we close your loan by the 22nd of the month we don’t
require that that month’s payments be paid since we are paying them off.
QUESTION: “If I
do this loan now, how long until my first payment is due?”
ANSWER: Usually
two months to give you a breather!
QUESTION: “I already checked with my bank
and they said I didn’t qualify for an FHA loan after my appraisal came back too
low and now I’m out $400, what would be different with you?”
ANSWER: Just like many things in life, you can take as
much or as little risk as you want. We
aren’t a bank and were not destroyed with losses from real estate so therefore
we are still aggressively making loans!
**The owner also believes that an appraisal is an “opinion” that
constantly changes and his opinion is one of optimism!
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