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| When
it comes to finance it is easy to get confused. We have
listed some of the more common questions that most people
ask. If your question isn't answered below please call us
or send an e-mail
and one of our team members will contact you within 24
hours. APPLY
HERE!
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| Why
should I use the Home Team? |
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Because
we have helped thousands of Carolinians just like you
with first and second mortgages, commercial loans, debt consolidation,
and refinancing. We also provides our clients with one
on one consultation. |
| How
do I know which mortgage loan is right for me? |
| That's
what the personal service at Home Team Mortgage is all
about...helping you make the best loan choice for your
specific needs. Our Loan Consultants are experienced,
knowledgeable professionals that can offer a wide range
of home loan programs available. Each consultant
considers the specific financial goals of the customer
and can explain the advantages of appropriate loan
programs. |
| What
if my credit is less than perfect? |
| Home
Team Mortgage 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
repairing your credit standing. |
| What
is the difference between a fixed rate and adjustable
rate mortgage? |
| A
fixed rate mortgage provides a rate of interest which
remains the same for the life of the loan. An adjustable
(or variable) rate mortgage (ARM) has an interest rate
that adjusts periodically on the basis of changes in a
specified financial index. Typically, adjustable rate
mortgages start out at somewhat lower rates than do
fixed rate mortgages. They can fluctuate up, raising the
monthly payment, or down, lowering the monthly payment,
depending on the activity of the index to which they are
tied. One of our Team Members can discuss the advantages
of both types of mortgages to help you decide which may
be best for you. |
| Does
it make sense to refinance again if I recently obtained
a mortgage loan? |
| It
very well might! Given today's favorable interest rates,
a lower rate than you're currently paying may be
available, representing substantial savings every month.
By consolidating your existing first and second
mortgages...as well as outstanding credit card balances
and other debt into a single mortgage loan payment, you
might also be able to save a considerable amount. You
can also benefit from the convenience of one single
monthly payment. Your Home Team Loan Consultant
can help you determine if this option works to your best
advantage! |
| How
much can I afford in mortgage payments? |
How
much you can afford depends entirely on your specific
personal financial situation. Your Home Team Loan
Consultant can help you find out exactly what that
amount may be. For a quick estimate, use the Loan
Calculator you'll find conveniently located on our
website.
| What
is an APR? |
| These
three letters stand for Annual Percentage
Rate...which is the total cost on a yearly basis
in interest as a percentage of the loan amount.
This figure includes such items as the base
interest rate, primary mortgage insurance and
the loan origination fee (points). |
| How
quickly will Home Team Mortgage fund my loan? |
| Your
Team makes borrowing as simple and convenient as
possible for you. With our streamlined
operations, advanced technology, and emphasis on
personal service, funds can be available in as
few as three (3) days from the time we receive
your signed and completed loan documents. |
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