FAQ

Will I have any out-of-pocket expenses when I refinance my mortgage?

Many of our customers prefer to include the closing costs and fees in the overall mortgage program. It is a simple process and makes it easy for you. If you choose, you can pay the closing costs and fees separate from the mortgage papers at closing.

Can I get a mortgage loan to pay off my credit cards?

Yes, many programs are available to help you consolidate debt. Considering the average interest rate on a credit card is 18%, using the equity in your home to reduce your monthly payments can save you hundreds of dollars in credit card interest.

Can I pay off my mortgage loan early?

Yes, mortgages can be paid in full before their scheduled time, even if you're refinancing.

How long before I can refinance my mortgage if I just bought a house?

It is possible to refinance right away, however most lenders require a seasoning time which varies from lender to lender.

How does my credit score affect my ability to get a loan?

While good credit is important, your credit does not have to be perfect. All mortgage programs have criteria that must be satisfied. Such conditions must be met in order for a loan to receive final approval. Judgments, outstanding collections and/or being consistently 30 days late on payments will all affect your credit, but will not necessarily prevent you from qualifying for a loan.