Question 1

How long does the mortgage process take?

Accepted Answer

We work to deliver an approval within 24 hours of a complete application, and most loans close in 30 days or less. Renovation and commercial loans can take longer because of the additional review required.

Question 2

What is the difference between pre-qualification and pre-approval?

Accepted Answer

A pre-qualification is a quick estimate based on information you tell us. A pre-approval means we have reviewed your credit, income and assets. Sellers take pre-approvals far more seriously, and our comprehensive pre-approval process is designed to make your offer competitive.

Question 3

How much do I need for a down payment?

Accepted Answer

It depends on the program. VA loans can require nothing down for eligible borrowers, FHA and some conventional programs start very low, and jumbo, investment and commercial loans require more. We will show you the options side by side.

Question 4

Can I qualify if I am self-employed?

Accepted Answer

Yes. In addition to standard documentation, we offer bank statement and asset-based programs designed specifically for self-employed borrowers and business owners.

Question 5

I was turned down before. Can you still help?

Accepted Answer

Often, yes. We have access to hundreds of lenders with different guidelines, so a decline from one bank does not mean the loan cannot be done. Give us a call and let us take a look.

Question 6

Do you work with foreign nationals?

Accepted Answer

Yes. We offer foreign national programs that do not require U.S. credit history, commonly used for Florida second homes and investment property.

Question 7

When does refinancing make sense?

Accepted Answer

Refinancing can lower your monthly payment, shorten your term, remove mortgage insurance, or pull cash out for renovations or other needs. Use our break-even calculator to see how long it takes for the savings to cover the closing costs.

Question 8

What does a mortgage broker cost me?

Accepted Answer

We are compensated as part of the loan transaction and we will disclose exactly how, in writing, before you commit to anything. Your initial consultation and mortgage analysis are free.

Frequently asked questions