Frequently Asked Questions

What is the difference from being pre-qualified and pre-approved.

Prequalification (give you an overview)Within 5-10 minutes of contacting one of our mortgage lending experts. We will give you details such as the max loan amount in which you qualify and lowest rates available.

Preapproval (Making your quote official) After you provide us with some necessary documentation, our bank will issue you a pre-approval. This is the official document used to sign the purchase contract for your desired property.

What is the purpose for filling out the prequalification page?

The pre-qualification page submits your information to our home loan speacialist, who then review the submission and determine what program and what steps need to be taken to get you the loan that you require to purchase or refinance your home. Please contact us if you have any further questions.

Can I apply for a loan before I find a property to purchase?

Yes! It is much better to approach the loan process in this manner. It will decrease time to close by avoiding any last minute delays.

How is it that Bank of England can complete the mortgage process in less time.

We send everything to sign in your email on the same day. We use state of the art techniques that insure you will have the most expedient and user-friendly experience in the industry.

Why should I call if I know my credit is bad

We are the only lender that will assist you in raising your credit score at no cost. We are credit experts with the only goal of getting your credit score as high as possible and as quickly as possible. Credit repair organizations charge monthly. They would rather your repair process take a year or more.

If I have a high interest rate should I refinance?

There are some complex calculations and particular situation that one of our mortgage experts would love to assist you. Call us and we will give you all of the details and guaranteed best rate. Refinancing with todays rates will most likely save you a significant amount of money per month and for the life of your loan.

How long does it take to qualify if I have little to no credit?

In most cases, we will have our clients needing credit assistance qualified within a month. We offer this service free to our clients.