How long does the loan process take?
It depends on your situation, but most always we can get your loan closed within 30 days of applying with us.
Which loan option is best for me?
This can only be determined by having a conversation with a loan officer and having them provide you with some estimates. The simple answer is…it depends! Usually the option with the higher down payment has a lower monthly payment, but you may want to keep your savings as reserves for unforeseen events and go with […]
How do I know which company or loan officer I should go with?
This is the part that many new homebuyers struggle with. Often they will scour the market for the company with the lowest rate. Unfortunately this is not necessarily the company with the lowest cost or the most competent service.So the old adage, “Homebuyers Beware”, applies here. There are many mistakes a loan officer can make […]
To reduce your interest rate
This is one of the most common refinance situation when rates are low. What is often asked is, “How much lower does the new rate need to be for the refinance to make sense?” The answer to this question always comes back to cost. In truth, if the refinance doesn’t cost you anything and you […]
To take cash out of the equity in your home
Refinancing your home to pull equity out can be a sensible move. Whether you want to do this really depends on where your current rate is at and how much equity you intend on pulling out. If this seems like something you think you need to do, be sure to check out our section below […]
To shorten/lengthen the term on your mortgage
Shortening or lengthening the term on your loan has opposite affects on your monthly payment. In general, when you compare rates on loans with a shorter term the rates are lower than comparably sized loans with a longer term. The corollary to this statement is that payments on loans with shorter terms have payments that […]