This section is dedicated to the questions
that we receive on a regular basis. Please read through
this list thoroughly, as the unique problem, question,
or issue that you may have someone else has experienced
Question: Can you help in
Answer: Yes we can help people in all 50 US states and depending on the loan
request we can also help people in Canada and the US Virgin Islands.
Question: Are there special
Answer: Yes. Now there are several affordable mortgage options being offered
that can help first-time homebuyers overcome obstacles that made buying their
first home difficult in the past. Including those with little or no down
payment, or closing cost funds, those with bad or no credit, debt issues,
or unstable income. Apply
Question: What are points?
Answer: Points are loan fees that are paid to lenders and mortgage brokers.
1 point = 1% of the loan amount. There are two different types of points:
Origination points are charged
by a mortgage company as a fee to process and approve your
loan, while discount points are used to buy down the rate
of interest, and typically are passed through to the investor
to secure that lower interest rate.
Question: How do I get started?
Answer: Just fill out the FREE no obligation form by clicking
here. You will be contacted by up to 4 lenders with their best offer
to compete for your business usually within 24 to 48 hour.
Question: What if I have a very unique situation.
Answer: We listed many programs on our web pages, many of them represent
individual programs available. Some programs may be combined. As an example:
There are programs to buy a home with no money down and programs to buy a
home with the worst possible credit even a day after bankruptcy, but there
are no programs for both no money down and very very bad credit. On the other
hand you may find a program to combine no money down programs with programs
such as self-employment programs or no income verification programs. Although
our programs are flexible, but each loan type has qualifications. It is important
you provide us with some pulmonary information so we can determine the best
loan product for your individual needs. The best way to determine your eligibility
is to fill
out our FREE no obligation form. This will give the necessary information
to our loan specialists to get you an answer fast.
Question: I would like to get a rate quote.
Answer: Our system will assign you to loan originators. Rate quotes may only
be given by the originators, therefore you will have to fill out the no
obligation form You will be contacted to have all your questions answered
including those in rates.
Question: My credit is REALLY bad is there any hope?
Answer: Unless you are in a bankruptcy which has not yet been discharged
your credit should not stop you from getting a loan. The problem may come
when you try to make all aspects of the transaction come together including
the loan to value, rate, and debt ratios. Our network is filled with lenders
who specialize in loans for people with very bad credit by using our form.
Up to four lenders will contact you which will better your chances at finding
the loan you need.
Question: I submitted an application recently but I haven't
received a response, why? Answer: It may take 1-7 business
days for you to receive a response. Please be patient. If it
has been longer than that please refill out the form.
Question: Are there some combinations people frequently
request that do not exist?
Answer: Yes, there are no programs that combine bad credit with either 125%
equity loans or bad credit and single wide mobile homes located on rented
If you do not see the information you are looking for we have a complete Mortgage
Term Glossary that may be of more help.