Frequent
Asked Questions
Below you
will find the answers to some of the most commonly asked questions
about our servcies and home equity loans. If you do not find the
answer to your specific question please contact
us.
1)
Do the lenders affiliated with you provide loans for new purchases
as well as home equity loans and refinance? Yes,
they do provide full-service home loan products including purchase,
home equity, refinance, debt consolidation, and home improvement
loans.
2)
Who gets my application once I submit it online? The
information you submit on the online home equity loan application,
goes directly to a lender. The lender should then contact you
to discuss the loan process. It is important that your contact
information be correct.
3)
What are the interest rates on home equity loans?
It depends on the type of loan that you are needing. A term loan
is normally paid back with a fixed interest rate. Interest rates
for a home equity line of credit are variable. If you are trying
to find out the rate for your state there are many websites that
compute this for you.
4)
Do I need good credit to apply for a home equity loan?
Of course good credit is certainly desireable, however, our loan
officers are experienced in helping customers with all credit.
They have many programs designed especially for people with bad
credit.
5)
Can I deduct interest on a home equity loan from my taxes? Most
likely, yes. You will need to double check the current laws on
home loan interest deductions.
6)
When I get a home equity line of credit how is the loan paid out?
Just like any other line of credit. You borrow the money (up to
a certain amount) as you need it. This type of loan is designed
to be very flexible.
7) Can I refinance my home and get cash back? Yes, this
is actually a very smart way to save money and get the cash you
need at the same time. This type of loan is called a "refinance
- cash-out loan". The cash you get back can be used for a
variety of purposes.
8)
Is there a charge for applying online?
No, we will never charge you to apply for home loans, home equity
loans, lines of credit, or any other type of home loan product.
9)
Do you have lenders in all 50 states? Yes.
10)
How long does this whole process take? Each
loan is tailored to your specific needs, the amount of the loan
your are requesting, and several other factors. It is hard to
give a specific time because it is so individualized. After visiting
with you, your loan officer can give you a better idea of the
time needed to complete the transaction.
Home
| Online Loan | FAQ
| Line of Credit | Refinancing
Email | Directory
| Site Map | NearMePayday.loan - Henderson, NV
