When picking a mortgage lender you are looking for experience and responsiveness. Most lenders have very similar loan programs and rates. However, an inexperienced loan officer or sloppy loan processing can cost you hundreds of dollars in fees and thousands of dollars over the life of your mortgage. Make sure a mortgage lender that asks a lot of questions, seems sincerely interested in what you are trying to achieve and is responsive to all of your questions and requests.
During the loan process, which typically takes less than 30 days, you should be in almost daily contact with your loan officer and processor (the person managing the documentation and qualification process). Get your credit score. There are lots of opportunities to get an indicative credit score and a detailed analysis of your credit report. Many credit cards and websites will give you a free credit score and coach on how to improve your credit.
If you don't already have a service like this we recommend our affiliate partner Credit Karma.
During the loan process, which typically takes less than 30 days, you should be in almost daily contact with your loan officer and processor (the person managing the documentation and qualification process). Get your credit score. There are lots of opportunities to get an indicative credit score and a detailed analysis of your credit report. Many credit cards and websites will give you a free credit score and coach on how to improve your credit.
If you don't already have a service like this we recommend our affiliate partner Credit Karma.
Services
Getting the perfect mortgage and home can be a long, overwhelming journey.
My Perfect Mortgage will give you the tools you need to be a well-informed borrower and homebuyer.
Make sure that you're willing to commit to a monthly mortgage payment and upkeep on a house.
If you're ready to settle down in one spot, we can help you prepare your finances and get you on the track to homeownership.
Get Your Personal Finances in Order - Learn how to get your personal finances perfectly positioned to qualify for a mortgage.
My Perfect Mortgage will give you the tools you need to be a well-informed borrower and homebuyer.
Make sure that you're willing to commit to a monthly mortgage payment and upkeep on a house.
If you're ready to settle down in one spot, we can help you prepare your finances and get you on the track to homeownership.
Get Your Personal Finances in Order - Learn how to get your personal finances perfectly positioned to qualify for a mortgage.
Refinancing your home loan is a great way to lower your monthly payment.
Depending on how you choose to refinance, you have the option of lowering your interest rate, changing your loan term, or even getting cashback.
Refinancing your mortgage loan lowers your overall monthly payment, which helps you build equity in your house quicker.
A lower interest rate allows you to pay more towards the principal on your loan, meaning more equity in your home.
Get prepared to refinance your mortgage with our knowledge-base of loan options and mortgage resources.
Depending on how you choose to refinance, you have the option of lowering your interest rate, changing your loan term, or even getting cashback.
Refinancing your mortgage loan lowers your overall monthly payment, which helps you build equity in your house quicker.
A lower interest rate allows you to pay more towards the principal on your loan, meaning more equity in your home.
Get prepared to refinance your mortgage with our knowledge-base of loan options and mortgage resources.
Your situation is unique.
Each loan type is not a one-size-fits-all solution.
That's why you need a unique mortgage that fits just right for you.
My Perfect Mortgage can help you explore your loan options and help to find the right loan for you.
Whether you're looking for a new home mortgage or a home refinance loan, you have options.
Consider things such as loan term, interest rate, and if there are special circumstances to qualify for the loan, such as military service.
The perfect lender for you will walk you through these options and help you get your perfect mortgage.
Each loan type is not a one-size-fits-all solution.
That's why you need a unique mortgage that fits just right for you.
My Perfect Mortgage can help you explore your loan options and help to find the right loan for you.
Whether you're looking for a new home mortgage or a home refinance loan, you have options.
Consider things such as loan term, interest rate, and if there are special circumstances to qualify for the loan, such as military service.
The perfect lender for you will walk you through these options and help you get your perfect mortgage.
An FHA loan is a federally-backed mortgage loan that is insured by the Federal Housing Association.
With this loan, your down payment could be as low as 3.5% of the loan amount.
Credit requirements are easier with an FHA loan and closing costs are minimal.
Most lenders are FHA-approved and My Perfect Mortgage can match you with the right one.
An FHA loan is not exclusively for low-income buyers or first-time home buyers.
If you can meet the required credit and debt-to-income ratio guidelines, and you have sufficient funds for a down payment, you'll likely qualify.
With this loan, your down payment could be as low as 3.5% of the loan amount.
Credit requirements are easier with an FHA loan and closing costs are minimal.
Most lenders are FHA-approved and My Perfect Mortgage can match you with the right one.
An FHA loan is not exclusively for low-income buyers or first-time home buyers.
If you can meet the required credit and debt-to-income ratio guidelines, and you have sufficient funds for a down payment, you'll likely qualify.
Refinancing your current mortgage gives you financial options and the opportunity to pay other expenses.
Refinancing allows you to improve your loan terms, lower your payment, and possibly pay it off quicker.
There are other refinance options available if you find that an FHA streamline refinance is not for you.
Which one you should choose depends entirely on your unique situation and needs, as each comes with its own benefits.
The application process involves more paperwork and requirements (equity in your home, debt-to-income ratio, etc.) than a streamline, but it could also give you more options in the end.
Refinancing allows you to improve your loan terms, lower your payment, and possibly pay it off quicker.
There are other refinance options available if you find that an FHA streamline refinance is not for you.
Which one you should choose depends entirely on your unique situation and needs, as each comes with its own benefits.
The application process involves more paperwork and requirements (equity in your home, debt-to-income ratio, etc.) than a streamline, but it could also give you more options in the end.
Reviews
Be the first to review Velocity Lending.
Write a Review
