NMLS #2608092

The Mortgage Group FAQS

Here to help answer the tough questions.

Using a mortgage broker can significantly simplify the home buying or refinancing process by offering access to a broad network of lenders, expert advice, and personalized mortgage solutions tailored to your financial situation. They handle the legwork, negotiate better rates, and assist with paperwork, often at no additional cost to you. This not only saves you time and effort but also ensures you get the best possible deal on your mortgage.

Eligibility for a mortgage depends on several factors, including your credit score, income, employment history, and debt-to-income ratio. Our brokers can help you assess your financial situation and determine your eligibility.
There are several types of mortgages, including fixed-rate mortgages, adjustable-rate mortgages, FHA loans, VA loans, USDA loans, and more. Each has its own terms and benefits, and our brokers can help you choose the best option for your needs.
During our consultation, we will assess your financial situation, goals, and preferences to recommend the most suitable mortgage options for you.
The required down payment varies depending on the type of loan and the lender’s requirements. Generally, conventional loans require a down payment of 3% to 20%. FHA loans require as little as 3.5%, while VA and USDA loans may offer no down payment options for eligible borrowers.
The pre-approval process involves a lender reviewing your financial information, such as credit score, income, and debt, to determine how much you can borrow. It gives you a clear idea of your budget and shows sellers that you are a serious and qualified buyer.
Yes, there are mortgage options available for individuals with less-than-perfect credit. We can help you explore these options and find the best solution.
Refinancing is an option to lower your interest rate, reduce monthly payments, or change the loan term. We can help you determine if refinancing is right for you.
The mortgage approval process typically takes 30 to 45 days from application to closing. However, this timeline can vary based on factors like the complexity of your financial situation and the efficiency of the lender.
A home equity loan allows you to borrow against the equity in your home, typically at a fixed interest rate. It can be used for home improvements, debt consolidation, or other expenses.

Have More Questions?

Schedule a Consultation or Contact Us Today – We are here to help!