Nations Choice Mortgage wants to help our customers better understand some of the common questions that may arise when choosing a Mortgage Lender. Please review our lists of Frequently Asked Questions for information about the Nationís leading mortgage lender.
We've built the most convenient home loan service ever! Here's how it works:
The application will ask you questions about the home and your finances and takes less than 20 minutes to complete. As soon as you've finished the application we'll review your request for approval. If your application is approved online we'll ask you for an application fee to cover the cost of the appraisal on your home and other upfront third party costs so that we can begin to process your request immediately.
After your application is completed, a Loan Advisor will contact you to introduce themselves and to answer any questions you may have. Your Loan Advisor is a mortgage expert and will provide help and guidance along the way. If your request wasn't approved online, they'll ask you for any information required to make a decision about your loan.
If you are purchasing a new home, the Loan Advisor will also contact the real estate broker or the seller so that they'll know who to contact with questions.
The application package will be sent to you and will contain papers for you to sign and a list of items we'll need to verify the information you provided about your finances during the online application.
We will order the appraisal from a licensed appraiser who is familiar with home values in your area. Depending on your finances and the loan amount requested, different types of appraisals are used. Sometimes the appraiser will need to view the home; sometimes they are able to do their evaluation from the street; sometimes the appraisal is waived entirely.
Title insurance will be necessary. If you are purchasing a home, we'll work with the real estate broker or seller to ensure the title work is ordered as soon as possible. If you are refinancing we'll take care of ordering the title work for you. We'll use the title insurance policy to confirm the legal status of your property and to prepare the closing documents.
After we receive your application package, the appraisal, and the title work, we'll contact you to schedule your loan closing. If you are purchasing a home, we'll also schedule the closing with the real estate broker and the seller.
The closing will take place at your home or office. If you are purchasing a new home closing will take place at the office of a title company in your area. A few days before closing your Loan Advisor will contact you to walk through the final information.
That's all there is to it! Apply Now and you will be on your way to the most convenient home loan ever!
Instant Mortgage Rate Help
Loan Amount: How much do you want to borrow? Example: 150,000 (You can borrow up to 100% of the purchase price of your home. You will find better interest rates at 95%, 90%, and 80% progressively.)
Property Value: This is the purchase price of your property or your best estimate of the appraised value of the property. Example: 175,000.
Loan Type: Selecting Refinance WITH CASH OUT may increase your rate. If you want some extra cash to pay the closing costs on your new loan, this would NOT be considered receiving extra cash.
Escrow/Impounds: Allows you to pay 1/12 of your annual property taxes and homeowners insurance with your mortgage payment each month. Escrowing your taxes and insurance will lower your points by .25%
Property State: Specify the State where the property is located
Property County: Specify the County where the property is located
Todays Rates: These rates are based on the following criteria..