|
Q: What kind of information will I have to provide?
A:Since the lender is going to assess their risk of loaning
you money, the lender will need to discover and document everything they can about you and the property. Be prepared to provide
employment information, current loan information (If you are re-financing), bank statements, payroll stubs, tax returns and
property information, including the sales contract. (Purchase) Vina Mortgage can gather most of your credit information
for you and we will tell you exactly what we need to make things quickly and smoothly. We're on you side and we want to help
you qulaify any way we can. Most people are surprised at how easy it actually is when the proper information is provided in
a timely manner.
Q: Why is my credit score so important?
A: This is a way for the lender to determine credit risk and the ability for the borrower to make the
loan payments on time. The company called Fair-Isaacs has standardized the credit scoring for the lending industry in the
ever-important FICO Score.
Q: My credit isn't so good- can I still
get a loan?
A: Absolutely, there is a loan for every borrower,
unless an extraneous circumstance exists. (Like a recent bankruptcy or divorce) Although you might not get the best rate advertised,
it is most likely that Vina Mortgage can solve
your current loan request.
|
