COMMON QUESTIONS
Getting a mortgage may seem very overwhelming.
We make it manageable with your best interest in mind.
Do you have to pull my credit to prequalify me?
Yes, we do. Mortgage companies pull a tri-merge, which is a report from all 3 major credit bureaus. This is required to calculate how much home you can afford.
What if I am self-employed?
Not a problem! We have many lenders that have special programs created for buyers just like you.
What if I receive money as a gift for my down payment?
Getting a gift for your down payment is not a problem, however, speak with your mortgage broker before you accept any gifts. There are strict guidelines that must be followed.
Which documents are needed to start the loan process?
You must start with a full application and the items on our document checklist.
Am I required to put 20% down when buying a home?
Most people think that 20% down is required, but it is NOT. Putting 20% down has its benefits, but there are many programs available that will allow less down payment.
can I qualify for a loan with less-than-perfect credit?
Some programs are tailored to fit less-than-perfect credit. Call us to see if you qualify for one of these programs.
Should I use a realtor when making my home purchase?
A lot goes into finding and purchasing a home. Having an expert to advise you can make all the difference in whether or not you get the home you want. They will have your best interest in mind and make sure have all the information you need. If you aren’t sure where to start, we can recommend a reliable and knowledgeable Realtor to guide you throughout the home-buying process.
How long does it take to get pre-qualified?
We can get you pre-qualified in a matter of minutes when all of the proper documentation is provided. Remember, most agents want a pre-approval letter in hand before they start showing you houses.