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FREQUENTLY ASKED QUESTIONS...

Below you will find some of the most popular questions many of our customers ask us:

How do I apply for a loan? - Applying for a loan is very simple and straightforward. Just complete our easy online application form and one of our loan officers will call you to go over the information.
What if my credit is less than perfect? - Mortgage Loan Finders specializes in helping homeowners whose credit has been impaired in the past. If you have had a bankruptcy, late payments, or other credit problems, we are here to assist you in obtaining the right loan and credit standing.
How will I know how much I can qualify for? - An experienced loan officer will work with you to get you qualified before you go looking for a home. Based upon the information you present at the loan application, an experienced loan officer can "pre-qualify" you for a loan amount.
What if I don't have any established credit? - An experienced loan officer can help you to document alternate credit information. If you have been renting, obtaining a rating from your landlord is a means of verifying payment history. You can also contact your local utility companies, phone service, cable company, and even your car insurance carrier to give you written ratings on your payment histories.
What if I am new on my job? - Being on a new job can be a positive factor on your loan. Guidelines do look for a 2-year job history in the same field. However, a job change for a better position is looked on favorably. If you have recently graduated from college, it may be possible to obtain a loan even though you don't have a 2-year work history.
Can't I just go to my bank where I have my checking/savings account for my mortgage? - Banks and other lending institutions are limited by the number of loan programs they offer. If you fit their profile, you may find satisfaction. Mortgage Loan Finders offers over 100 different programs. Our commitment is to find a program to fit your needs.
What is the difference between a bank and a broker? - A bank actually funds the loans, while a broker shops all different banks for the best rates and terms. Therefore, the consumer will get the better rates from the broker by searching all of the banks.
How long does the loan process take? - The loan process can take as little as two weeks providing all the proper information is received upfront. The more information that is provided at the beginning of the loan, the faster we can process that information and have the loan underwriter approve your loan.
What information will I need upfront? - The most common items needed are:
- Last two years tax returns
- Recent pay stubs
- Three months bank statements
- Mortgage holder or landlord address and account number
- If refinance, copy of note and deed of trust
- Proof of Homeowner's Insurance
Why don't you advertise mortgage rates? - Rates change continuously and depend upon a number of variables. We don't want to add to the confusions or misconceptions that are so common. The success of Mortgage Loan Finders has been built upon the ability to provide the most competitive rates available. Provide just a little background information, and we will tell you which program might fit your needs and what rates are currently available.

Interested in applying for a loan? Click here and get pre-qualified!