H.E.L.P. NOTE #1: WHAT AFFECTS YOUR RATE? 

It’s important to understand that there are many factors that influence the rate you’ll receive. Mortgage rates are the result of a credit model that takes into account your personal credit history, property, income, amount of debt, mortgage loan type, term and loan amount. These qualifying factors are: Credit, Capacity and Collateral. How well do you repay your bills and loans How well can you repay your loans -income vs. expenses How much equity do you have in your home. 

H.E.L.P. NOTE #2: WATCH OUT for those teaser rates! Rates so low they almost seem to good to be true. What you are NOT told is what will hurt you fast and hard. Those mortgage rates advertised are only meant to get you. These teaser rates and rock-bottom payments only last one,two or three months! Then your payment starts to jump up very fast that you are put in a post ion that forces you into a corner - your budget now stretched to its limit.

H.E.L.P. NOTE #3: NEVER pay anyone money up front. You will not get it back – no matter what you are told! Applying for a mortgage - whether to refinance for a lower rate, buy a home, or taking out a second - make sure you stay away from any company that even mentions paying them money in advance. Call us and we will gladly answer your questions and talk about your situation even before we run a credit report!  

H.E.L.P. NOTE #4: DO NOT do business with a company that is not willing to talk about available interest rates before they try to pry personal information from you. What they are doing is getting your personal information without giving you any idea of the actual rate and terms of the mortgage loan. DEMAND that you get a Good Faith Estimate emailed or faxed to you.  

H.E.L.P. NOTE #5: ASK for a Good Faith Estimate (GFE) during your first conversation. What is a GFE? It is a Good Faith Estimate of all the fees related to your specific mortgage loan request. If they are not willing to give you one or give you a "short" version it would be in your best interest to avoid them. They are hiding something if they either refuse or try to talk you out of getting or needing a GFE up front.  

H.E.L.P. NOTE #6: Be very wary of any company that guarantees you are approved even before they have all the needed information.

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