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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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