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Q: What do I need to get started?
A: Call 502-386-7007 and we can discuss what loan program fits
your individual circumstance. Or email
TeddyAmshoff@Yahoo.com
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Q: Do I have to pay an application fee?
A: No, we never charge an application fee. |
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Q: How much can I afford?
A: Generally speaking, you can purchase a home with a value (purchase price)
of two or three times your annual household income. However, the amount that you
can borrow will also depend upon your employment history, credit history,
current savings and debts, and the amount of down payment you are willing to
make. You may also be able to take advantage of special loan programs for first
time home buyers. Call 502-386-7007 and I will be happy to discuss the right
loan program for your individual circumstances. |
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Q: If I have had credit problems, can you still help me?
A: Yes, we specialize in helping consumers with less than perfect credit. We
have a variety of loan programs available so that we can make a loan in almost
any situation. |
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Q: How do I know which bills to consolidate to save the most money?
A: A qualified Loan Officer will look at your individual situation and guide you
through the process. He or she will help you determine the best plan for you and
your family. |
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Q: How long does the process take?
A: We can pre-approve you within 24 hours, and often close as fast as one week.
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Q: Can we borrow funds to make home improvements?
A: Yes, you can use the equity in your home to make improvements. |
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Q: I recently filed bankruptcy. Can I qualify for a loan?
A: Absolutely, we have a variety of programs that can help those who have filed
bankruptcy. |
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Q: I just bought my home 2 years ago. Can I refinance?
A: Yes, I can help you refinance in almost any situation
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Q: Why do people refinance?
A: People refinance for two reasons...
1. To use equity out of his or her house
that you have already paid toward principle (home improvements, pay other bills,
etc.)
2. To lower
your rate or monthly payment |
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Q: Can I get a car loan?
A: Yes, I can approve you for any loan amount over $15,000 |
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Q: What is an Interest Only Loan (I.O.)?
A: People get Interest Only Loans if they plan on refinancing in less
than three years or plan on moving out of their house in less than three years.
Your monthly payment includes your loan amount and interest on that loan amount.
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Q: What does 3/1 ARM, 5/1 ARM, 10/1 ARM mean?
A: An ARM is an Adjustable Rate Mortgage. A 3/1
ARM is fixed for the first three years and can then be adjusted to a higher or
lower interest rate. Likewise, a 5/1 ARM has a fixed rate for five years and
can go to a higher or lower interest rate.
People choose Adjustable Rate Mortgages if they plan to
refinance or sell their home in less than five years, or refinance before the
rate on the ARM goes to a higher rate.
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