1. I have been late a few times on my bills. Does this mean I will only qualify for a high interest rate?

1. Not necessarily. A payment has to be over 30 days past due before it will have an impact on your credit score. It is most important to make your mortgage payments on time. There are quite a few options for clients with delinquent credit.
   

2. I have had credit problems in the past. Will this impact my ability to purchase or refinance a home?

1. We specialize in seeking out the best loan available based on your credit. With previous credit problems, the biggest factor is time. The more time since the credit problems, the better the programs.
   

3. Should I choose a lender with the lowest interest rate and closing costs?

1. It goes back to the old saying, “you get what you pay for”. You need to choose a mortgage company/loan officer that you have enough confidence in to get the loan done that you want.
   
   

4. How do I decide between an adjustable or fixed mortgage rate?

1. The easiest answer to this question is how long you plan on staying in the house. If you will only live up to 7 years, then an adjustable rate will give you a lower interest rate and payment. A fixed rate would be good if you plan on staying where you are currently living.
   

5. What fees are included in closing costs?

1. The closing costs include all charges you will incur with any given mortgage. Most fees are a standard amount. Your costs will vary based on a several factors including loan program, home value lender used. Sometimes, the appraisal is paid outside of closing, other than that everything is rolled into your loan.
   

6. What is PMI?

1. PMI is private mortgage insurance. It is required when you are obtaining a government backed mortgage where the loan amount is over 80% of the value. It protects the lender in case you default on the loan. There are new programs which allow you to avoid the private mortgage insurance.
   

7. Is it safe to apply online?

1. Our application is hosted by a secure server and the information is directed right to the owner of the corporation.
   

8. How long does it take to hear from one of your loan officers?

1. Your application will be reviewed and a loan officer will be calling you within two hours(during business hours) of our receiving your application.  You can also call us within 15 minutes of placing the application and we can discuss it right then.