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 particular state.
At First Mortgage Corp, what you see is what you get. Our rates are true and honest rates for the current marketplace. We ALWAYS show the number of points and options available. We keep our closing costs low and free of hidden fees that other lenders add on to their rate at closing. The fact is, First Mortgage Corp provides great rates,great service.
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 First Mortgage Corp web site by using our online application to determine your savings on buying a home vs. renting. You may obtain a quick prequalification certificate or simply calculate your monthly payment.
Question: I have had some credit problems in the past. Can I still apply for a mortgage?
Answer: Yes! First Mortgage Corp has many, many different mortgage programs available for borrowers with past (or present) credit issues. We specialize in securing financing for individuals that may have been turned down elsewhere. You may still apply online.
Question: All of my down payment money is a gift. Is this acceptable?
Answer: First Mortgage Corp has access to several programs that DO allow for your entire down payment to be in the form of a gift. Contact your First Mortgage Corp mortgage expert for more information.
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