Do you do Florida home
refinancing and home equity loans? Yes. Whether you're buying
your first, second or tenth home or just refinancing you existing
home, we can find the right mortgage product for you.
If I'm refinancing my
Florida home, should I use my existing lender? You'll
certainly want to ask that lender for a rate, but we encourage you
to shop around just as you would for a new mortgage. Remember that
even if you have made all of your mortgage payments on time, your
existing lender will still have to verify assets, liabilities,
employment, etc. all over again.
Do you provide
good-faith estimates? In most cases we can give you an good
faith estimate in under one hour. There is no charge for this
service whether or not you choose to work with Yes Mortgage One,
Inc.
Will you pre-qualify
me? Just complete the pre-qualification form. Often we
can pre-qualify you in a matter of hours. Once again, there is no
charge for this service whether or not you choose to work
with Yes Mortgage Inc..
Should I get
pre-qualified? Yes, it's a good idea to get pre-qualified. It
will help you know how much you can borrow and what house price
range you can afford.
Can I get
pre-approved? Yes. You'll need to provide us of written
evidence of income, expenses, assets, liabilities and credit. The
benefit to you is that we'll provide a pre-approval certificate for
you to show the seller. This pre-approval will give you the best
chance for getting your offer accepted, especially in a competitive
situation. Also, having been pre- approved, you'll be able to close
very quickly.
What is a rate
lock? A rate lock is a commitment by the lender for a
determined period of time to give you a mortgage at a set rate,
regardless of whether rates go up or down before you close.
If I find a better
loan rate, will you match it? We encourage you to shop
around. We doubt you'll find a better rate than Yes Mortgage One
Inc., but if you do, please let us know and we'll certainly try to
match it and, if possible, use our leverage to get one of our
lenders to beat it.
Should the cost of
the mortgage be the only deciding factor in selecting a lender?
While important, the cost of the mortgage should not be
your sole criterion. You'll want to have confidence that the company
you select is reputable and will deliver the loan within an
acceptable time-frame with the terms and costs
promised.
How is the mortgage
paperwork handled? It can be done via mail or even over the
phone. We'll do whatever is easiest for you.
Wouldn't I be better
to get a mortgage from my own bank since I already have a
relationship with them? Unfortunately, banks don't give
their own customers any better rates or preferential treatment.
Certainly you should get a quote from your bank for comparison
purposes, but it's always best to shop around.
How's my timing for a
Florida home mortgage or a refinance? Your timing is
excellent. Rates are at one of their lowest points in 30 years.
While no one can say for sure, it's unlikely that they'll be going
lower.
How do you compare
with an online mortgage service? An online mortgage service
will put your application out for bid, and you'll be contacted by
various lenders. You'll have to evaluate their offers which
unfortunately, are often quite complex. We provide a more
personalized service, working with you one-on-one, and offer
guidance throughout the process.
Can you provide
referrals for other home-buying services? We have
professional relationships with reputable Florida Realtors, home
inspectors and home insurance companies and would be glad to provide
those names to you upon request
Can you get me a mortgage if my
credit is questionable? While it's always easiest to get
financing if you have good credit, we can certainly work with you.
We'll do our best to find you quality finance options.
How fast is the
process from application to closing? It varies, but
generally speaking, it should take two weeks or less and if you
need faster service we can work with you..
How can I avoid
delays in the mortgage process? Provide all documents to us
in a timely manner. Those documents we request are required to get
your loan approved.
