Question:I see large differences in mortgage
rates advertised by different lenders. Why is that so?
Answer: Many lenders often advertise low
“teaser” rates designed to generate phone calls. These rates
may have additional points and fees added on to the rate prior
to closing, or these programs are out of reach for all but a
select few individuals with perfect credit and large down
payments. In addition, if you are viewing rates posted by
national lenders on their web sites, the rates advertised may
not be available in your area.
At Loansnap.com, what
you see is what you get. Loansnap.com's rates are true
and honest rates for the New England marketplace. Loansnap.com
discloses the number of points and options available. Keeping
closing costs low and free of hidden fees that other lenders
may add on to their rate at closing is one of the things that
makes Loansnap.com different. You'll find that Loansnap.com
provides great rates AND great service.
Question:The
last time that I applied for a mortgage, it seemed as if the
bank wanted my life history, and it still took them six weeks
to give me an answer.... Give me a break!
Answer: Loansnap.com, gives you a
break by using the latest automated underwriting technology to
evaluate your loan request. Most often, this means REDUCED
paperwork and a lightning fast answer on your loan… many times
within minutes after completing your application with a
Mortgage Advisor or online. To get a free preapproval, fill in
Loansnap's online
application. This will allow you to get accurate
mortgage qualification numbers without any obligation on your
part whatsoever. A knowledgeable Loansnap.com Mortgage Advisor
is always happy to answer your questions, and provide the most
hassle free mortgage experience possible.
Question:I am
a first time homebuyer and am just getting started. Where do I
begin?
Answer: Congratulations on a wise
decision to buy a home. You should start right here at the
HomeSnap.com web site by using our "Buying" information
resources.
We also suggest that you view HomeSnap.com's
First Time Buyer Mortgage
Programs to find out more about specialty
mortgage options available only to first time homebuyers.
Then apply
online or call a Mortgage Advisor to get a no
obligation preapproval for your mortgage. They'll take
the time to explain all the different options that they know
you have as a first time buyer.
HomeSnap.com wants to
make your complete home buying experience a smooth one, so we
provide links to the companies that we have evaluated &
trust to assist you. We recommend that you conduct your own
custom home
search and use HomeSnap.com's Agent
Search to locate a real estate professional to assist
you in buying a home in your local market. There's a
complete list of both buyer and seller's agents for you to
choose from in the HomeSnap.com Agent Search Directory.
Question:I
have had some credit problems in the past. Can I still apply
for a mortgage?
Answer: Yes!
Loansnap.com has many different mortgage programs
available for borrowers with past (or present) credit issues.
Loansnap.com specialize in securing financing for individuals
that may have been turned down elsewhere. And if explaining
your situation makes you uncomfortable, you can
simply apply online.
Question:When is the best time to refinance?
Answer: That depends on several factors,
including your outstanding balance, your current interest rate
and any outstanding debt that you may have. Even if you
currently have a low rate on your mortgage, it may save you
money to refinance and pay off your high interest credit cards
and home equity loans. Visit Loansnap.com for more
information, or call 1-888-839-9990 to get expert
advice on your specific needs from one of our Mortgage
Advisors.
Question:I saw that I could put 10% down and NOT pay
PMI. Is this an option with Loansnap.com?
Answer: Yes. Loansnap.com has several
“NO PMI” programs available, including 100% financing.
However, it makes sense to speak with a Loansnap.com Mortgage
Advisor to get the specifics on program that's right for you.
Often, avoiding PMI is not the least expensive route. Your
Loansnap.com Mortgage Advisor can assist you in selecting the
RIGHT mortgage choice for you.
Question:All
of my down payment money is a gift. Is this acceptable?
Answer: Loansnap.com has access to
several programs that DO allow for your entire down payment to
be in the form of a gift. Contact your Loansnap.com Mortgage
Advisor for more information.
For immediate
service, apply
online for a free preapproval or call Loansnap.com
toll free at: 888-839-9990
