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Q: What are the advantages of using a broker?
Q: Do brokers charge a lot of fees?
Q: How long does this process take?
Q: Do I have to find my own appraiser and closing agent?
Q: Will I have a lot of upfront costs?
Q: I don't live in Wilmington. Can I take advantage of your services?
Q: I don't have any money for a down payment or closing costs and my friend tells me I need that.
Q: A family member used to be in the loan business and tells me my debt ratios won't qualify for a mortgage. Is that true?
Q: What are the advantages of using a broker?
A: Why use a broker?
Q: Do brokers charge a lot of fees?
A: No. The broker's work, which includes ordering the title search, title binder, closing protection letter, wiring instructions
for your attorney, hazard loss payee clause change, shopping your loan in the wholesale market so lenders compete for
your loan, plus managing your loan through the underwriting, closing and post-closing process is largely a factor of the
borrower's credit scores, credit history, type of loan and loan structure. Loans with credit issues, documentation issues,
etc., are more time consuming and priced accordingly. However, in many cases, the broker fee may be less than those TV
advertisers, paid by the borrower's attorney after closing. That's right. We don't receive a penny until the borrower closes
his or her loan!
Q: How long does this process take?
A: That is totally a function of the complexity of the loan and the responsiveness of the borrower's insurance agent,
attorney, appraiser, home owners' association if any, the speed the borrower provides the necessary documentation, the
cleanness of the documentation and the volume of loans moving through the lenders' systems. We have closed loans
within a business week where some loans take longer. Our licensed loan professionals will be able to provide an estimate
on your loan.
Q: Do I have to find my own appraiser and closing agent?
A: No. We can be of help here. Now, we cannot steer anyone to a particular closing agent, we can provide choices of
excellent closing agents/attorneys in your area. Remember, not every attorney is adept at real estate closings. Like most
everything else, there are specialists and we are sure you want your transaction handled by the best available. We will get
the proper appraisal ordered, determined by the type of loan approval we have, from an approved appraiser.
Q: Will I have a lot of upfront costs?
A: No! In a refinance, the only upfront cost will be for the appraisal. In a purchase transaction, your real estate agent will
council you on the type of earnest money that should accompany your offer to purchase. You may choose to hire other
services such as a home inspection. Typically, unless the appraisal indicates a problem or potential problem, the only loan
related upfront cost you would have would be the appraisal cost.
Q: I don't live in Wilmington. Can I take advantage of your services?
A: Absolutely! With overnight deliveries, faxes, email with appraisers, insurance agents and closing attorneys you can take
advantage of Seaside Mortgage no matter where you are! We have even closed a loan on property here in the states
when the borrower was in Germany! Refer to Convenient Carolina Close for more information.
Q: I don't have any money for a down payment or closing costs and my friend tells me I need that.
A: Your friend is well meaning, we're sure. But, unless your friend is a licensed full time loan professional, it's highly unlikely
they are up to date on all mortgage programs available. There are so many programs available from different wholesale
lenders that don't require down payments or can include closing costs. Call us to see if you qualify!
Q: A family member used to be in the loan business and tells me my debt ratios won't qualify for a mortgage. Is that true?
A: Again, your relative is well meaning but not very helpful. The old days using old ratios are extinct may not apply to you.
With automated underwriting, many reduced documentation programs and other options, don't give up hope before calling
us to see if you qualify!
Save even more and apply online now! (no cost or obligation)
* Deepest cuts for loans with Fannie Mae Approve/Eligible and Freddie Mac Streamline Accept and Accept Plus. This offer does not apply to Fannie Mae
Expanded Approval levels, Freddie Mac Standard Accept, borrowers with more than three investment properties and using that income to qualify, non-conventional,
subprime or loan amounts under $100,000.
Q: Do brokers charge a lot of fees?
Q: How long does this process take?
Q: Do I have to find my own appraiser and closing agent?
Q: Will I have a lot of upfront costs?
Q: I don't live in Wilmington. Can I take advantage of your services?
Q: I don't have any money for a down payment or closing costs and my friend tells me I need that.
Q: A family member used to be in the loan business and tells me my debt ratios won't qualify for a mortgage. Is that true?
Q: What are the advantages of using a broker?
A: Why use a broker?
Q: Do brokers charge a lot of fees?
A: No. The broker's work, which includes ordering the title search, title binder, closing protection letter, wiring instructions
for your attorney, hazard loss payee clause change, shopping your loan in the wholesale market so lenders compete for
your loan, plus managing your loan through the underwriting, closing and post-closing process is largely a factor of the
borrower's credit scores, credit history, type of loan and loan structure. Loans with credit issues, documentation issues,
etc., are more time consuming and priced accordingly. However, in many cases, the broker fee may be less than those TV
advertisers, paid by the borrower's attorney after closing. That's right. We don't receive a penny until the borrower closes
his or her loan!
Q: How long does this process take?
A: That is totally a function of the complexity of the loan and the responsiveness of the borrower's insurance agent,
attorney, appraiser, home owners' association if any, the speed the borrower provides the necessary documentation, the
cleanness of the documentation and the volume of loans moving through the lenders' systems. We have closed loans
within a business week where some loans take longer. Our licensed loan professionals will be able to provide an estimate
on your loan.
Q: Do I have to find my own appraiser and closing agent?
A: No. We can be of help here. Now, we cannot steer anyone to a particular closing agent, we can provide choices of
excellent closing agents/attorneys in your area. Remember, not every attorney is adept at real estate closings. Like most
everything else, there are specialists and we are sure you want your transaction handled by the best available. We will get
the proper appraisal ordered, determined by the type of loan approval we have, from an approved appraiser.
Q: Will I have a lot of upfront costs?
A: No! In a refinance, the only upfront cost will be for the appraisal. In a purchase transaction, your real estate agent will
council you on the type of earnest money that should accompany your offer to purchase. You may choose to hire other
services such as a home inspection. Typically, unless the appraisal indicates a problem or potential problem, the only loan
related upfront cost you would have would be the appraisal cost.
Q: I don't live in Wilmington. Can I take advantage of your services?
A: Absolutely! With overnight deliveries, faxes, email with appraisers, insurance agents and closing attorneys you can take
advantage of Seaside Mortgage no matter where you are! We have even closed a loan on property here in the states
when the borrower was in Germany! Refer to Convenient Carolina Close for more information.
Q: I don't have any money for a down payment or closing costs and my friend tells me I need that.
A: Your friend is well meaning, we're sure. But, unless your friend is a licensed full time loan professional, it's highly unlikely
they are up to date on all mortgage programs available. There are so many programs available from different wholesale
lenders that don't require down payments or can include closing costs. Call us to see if you qualify!
Q: A family member used to be in the loan business and tells me my debt ratios won't qualify for a mortgage. Is that true?
A: Again, your relative is well meaning but not very helpful. The old days using old ratios are extinct may not apply to you.
With automated underwriting, many reduced documentation programs and other options, don't give up hope before calling
us to see if you qualify!
Save even more and apply online now! (no cost or obligation)
* Deepest cuts for loans with Fannie Mae Approve/Eligible and Freddie Mac Streamline Accept and Accept Plus. This offer does not apply to Fannie Mae
Expanded Approval levels, Freddie Mac Standard Accept, borrowers with more than three investment properties and using that income to qualify, non-conventional,
subprime or loan amounts under $100,000.
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| Ask about PAID Closing Cost Option! |
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| Where good credit is rewarded and damaged credit is rebuilt. APPLY ONLINE OR CALL NOW! Toll Free 866.452.0876 910.452.0876 Ext. 118 Ask @ PMI tax deduction! Email us |
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