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Frequently Asked Questions

1. Do I have to be a homeowner to qualify for Home loan?

Yes, this offer is exclusively for homeowners. These loans are typically secured by residential property.

2. How do I find out what my interest rate will be?

After completing an loan application, an Account Executive will be able to run your credit report and assess your information to determine the products and interest rates available to you. The interest rates will be determined by your credit history, loan amount, loan-to-value ratio, property specifics and any rate reduction options that you select The term, or length of loan, will depend on whether you choose a loan or a line of credit but generally ranges from 15 to 30 years. (but can be paid off early at any point.)

3.How do I know if Debt Consolidation & Home Mortgage Loan Company.com will save me money?

After reviewing your online application, one of our approved financial institutions will compare what you are paying now on your high-rate debt to what your consolidated payment would be on your loan.

4. Is the interest tax deductible?

Interest paid on your account may be tax deductible up to 100% of your home's value. Always consult with a tax advisor regarding your particular situation.

5. Does filling out an application obligate me to complete a loan with you?

No. Filling out an application does not obligate you to anything.

6.What are the advantages of a fixed-rate loan?

With a fixed-rate loan, the interest rate will be guaranteed for the life of your loan. The payments are fully amortizing so when your loan is paid off, so is your debt!

7. How does the loan process work?

A Loan Consultant will work with you to determine the products and interest rates available to you. After we review your credit report, you will receive a list of the documentation needed to complete your loan. Once your loan is approved, in most states, we will arrange for a signing agent to come to your home to have the final papers signed by you and you'll have your money in a matter of days.

   

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