Q. Does Mortgage
World work with both conforming (perfect credit) and non-conforming
(slow credit) customers?
A. Yes. Mortgage World does ALL types of mortgage loans regarding
new purchases and refinancing. Self-employed individuals, divorce
deed payoffs, bankruptcy, collection or civil actions, etc. For
a free consultation, contact a Mortgage World loan officer today!
Q. How long will
it take to close my loan?
A. Mortgage World has a commitment to close a residential
mortgage loan in 20 days or less. In the past, the company has closed
a new purchase loan in as little as three (3) days.
Q. What if I filed
Bankruptcy in the past or am currently in Chapter 13?
A. Your loan will be approved on mainly two factors: loan
to value (LTV)
and your credit history. Mortgage World has paid homeowners out
of Chapter 13 Bankruptcy. Our experienced loan officers can assist
those homeowners with a free consultation to see if we can help
you!
Q. What is the
2/28 ARM and will it really help me clean up my credit?
A. The 2/28 ARM means your payment is FIXED for 2 years,
usually with a 2 year pre-payment penalty and begins to adjust at
the end of the 2nd year of the mortgage. Credit rebuilding is the
responsibility of the borrower listed on the application. Your loan
officer can only recommend preferred courses of action so you can
personally work on your credit during the two year period. For a
free consultation, contact a Mortgage World loan officer today!
Q. What sets your
company apart from all the rest I may be considering?
A. Mortgage World loan officers rely on your referrals for
repeat business. Our loan officers can assist you in understanding;
how to payoff a mortgage early by saving years of interest expense,
what program would best suit YOUR needs. Call a Mortgage World loan
officer for a free consultation today!
