Fort Myers Mortgage Broker
Fort Myers Mortgage Broker
Making a decision to buy a home or refinance your existing mortgage is a major financial decision. For many borrowers, the decision to search for a Fort Myers mortgage broker may be one of necessity versus practicality. While it is true that most mortgage brokers have access to a wider variety of programs, there a a number of types of loan needs that are best suited for each borrower. We are dedicated to giving you multiple loan options and letting you choose the best product for your current financial situation.
Contact us today using our online form to inquire about a Fort Myers Mortgage Broker.
You can also call our office at (239) 431-5889 or (855) 554-CORE.
Weaker credit rating
When a borrower has a weak credit rating due to late payments, layoffs or divorce, chances are they are facing less than perfect credit. While some banks are flexible, at Core Mortgage Financial we have access to investors who offer programs for those who are struggling with their credit rating. Don’t think just because you have a few dings on your credit report you can’t obtain a purchase or refinance mortgage. Our current middle credit score requirement is 580 for all purchase and refinance transactions.
The Process: Easy loan process for our Fort Myers borrowers:
When borrowers call our company to discuss Fort Myers home loans, we do a quick question and answer session. Our licensed loan originators will quote a rate on the preliminary discussion over the phone. Next, we will prepare a good faith estimate of all closing costs and quote the current Fort Myers mortgage rates.
If you are happy with the rates and closing costs, we will do a verbal loan application over the phone or set up a personal meeting. Next, we will email or snail mail you the necessary documents for review. Once you sign and get us back the necessary documents. We can lock at anytime during the Fort Myers mortgage process. We will submit to lender for approval and order the appraisal if desired. The entire loan process from the first time we speak until get a mortgage approval can be as soon as three business days!
Please do not hesitate to call us NOW at (855) 554-CORE or (239) 431-5889!
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We will make sure your mortgage loan a SUCCESS !
Helpful Terms Defined:
Mortgage: Collectively, the security instrument, the note, the title evidence, and all other documents and papers that evidence the debt. A Mortgage is a loan secured by a lien on real estate held in fee simple or on an acceptable leasehold estate. A loan made for the purpose of purchasing, building or rehabilitating real property, and secured by that property. A pledge of real property as collateral for payment of debt. The term is also used to describe both the mortgage (security instrument) and the promissory note evidencing the debt, which includes the terms of the debt’s repayment.
Note: The evidence of indebtedness for a mortgage loan. A note is the instrument evidencing the indebtedness secured by a security instrument that sets forth the amount the owner owes the lender and the manner in which the debt is to be satisfied. The note establishes the payment terms, conditions under which prepayments may be made, and the lenders rights in the event of default. A written agreement between the mortgagor and the mortgagee specifying the amount and terms of repayment for a loan.