Frequently Asked Questions - Cleveland Ohio Mortgage
Q: How long does the loan process take?
A: It depends on each loan scenario, but a good average time would be 1-3 weeks.
Q: Can I still get a loan with bad credit?
A: Yes, there are many programs available for people who have some credit problems. This would be a case by case scenario.
Q: How long after I have bought my home can I refinance?
A: You can do it right away as long as you have some equity in your home.
Q: I don’t feel comfortable entering my information over the internet, what can I do?
A: You can give me call on the phone and if you live close enough, I can come meet you personally to talk about loan possibilities.
Q: Do I have to include my taxes and insurance in my payment?
A: This is totally up to you. You tell me what you would like to do.
Q: Do you have any references?
A: I sure do. I can let you talk to past clients personally if you would like to. I have many past clients, investors, and realtors that you can talk to about my service.
Q: I do not have a lot of money for closing costs to purchase my new home, what can I do?
A: In most cases, you can negotiate to have the seller pay for your closing costs which would be taken care of with the loan.
Q: What does it take for a 100% loan?
A: The time of 100% loans is pretty much gone unless you use special purchase programs. However, there are plenty of loans that go up to 97% loan to value including FHA/VA loans. With the changing mortgage guidelines right now, each individual case is unique.