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What
kind of mortgage services do you offer?
We can get you set up with any kind of mortgage you need.
Whether you are looking to buy your first home, refinance an existing
property, borrow from the equity in your home, or even modify the loan
you have, we can help. We work with people with a wide range
of credit scores and histories, and we can get you the best rates for
your own unique situation. Construction, no doc, FHA/VA,
jumbo, and bailout options are also available through our service.
What
mortgage is best for my situation?
Usually, we determine the best type for you by considering the payments
you can afford, how long you plan to stay in your new home, how big a
down payment you have, and how long a term you want.
Sometimes, an adjustable rate is the best way for you to save money,
and sometimes a fixed rate will give you the security you need to feel
confident in your purchase. Regardless, we want to get you
into a home that you can both enjoy and finance realistically, setting
you up for success rather than
foreclosure.
How
will my credit score impact my home loan?
An excellent credit score is your best asset when it comes to
negotiating a mortgage. The higher your score, the lower rate you can
expect, the more flexible terms, and you will even have the power to
talk your lender down on documentation costs and other closing
fees. However, people with lower scores are also welcome to
apply for a loan through our service. We are happy to help
you build your score by setting you up with affordable payments and
terms that will please, and when your score goes up, we can happily
help you refinance for even better conditions.
Can
I modify my payment terms myself?
It is possible for individuals to arrange loan modifications
themselves, by working privately with their lenders. However,
it is usually better to work with an expert who is well accustomed to
the back and forth negotiations required to modify mortgage terms and
payment options. The process can be a long and arduous one,
taking anywhere from three to six months to complete. It
helps to have an experienced professional guiding you along the way.
Should
I refinance now?
There is no set answer for that. Though it seems like new and
better rates are constantly being advertised, it is definitely not
recommended that you refinance all the time. For one thing,
you have to make sure that the closing costs do not defeat the purpose
of your refinance. For another, if every time you refinance,
you return to a thirty year mortgage, you may achieve lower payments in
the short term but the longer your term, the more you will end up
paying in interest over the years. Refinancing is highly
recommended if you have an adjustable rate loan that you expect to
spike, or if you have not done it in at least 3-5 years and you plan to
stay on your property for at least 5 more years.
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