A mortgage loan is a type of loan specifically used to purchase real estate, where the property itself serves as collateral.
Eligibility criteria may vary, but generally, you need a stable income, good credit score, and a down payment.
Typically, you'll need proof of income, credit history, and personal identification, among other documents.
The process can take anywhere from a few days to a few weeks, depending on various factors including documentation and verification.
Mortgage insurance protects the lender in case the borrower fails to make the required payments.
We offer various types including fixed-rate, adjustable-rate, and more specialized loan options.
Yes, we offer loans specifically designed for purchasing second homes or investment properties.
The interest rate is the cost of borrowing the principal loan amount, while APR includes the interest rate plus other loan costs.
Yes, we have specific loan options for property renovation and improvement.
You can reach us via phone, email, or through the 'Contact Us' section on our website.
Payments can be made online, by phone, or by mailing a check to our payment center.
Payments are generally due on the first day of each month.
Missing a payment can result in late fees and negatively impact your credit score.
Yes, extra payments can be made and are usually applied directly to the principal.
Prepayment policies vary, so it's best to consult your loan agreement for details.
Automatic payments can be set up through your online account or by contacting customer support.
Contact us immediately to discuss options like loan modification or forbearance.
Yes, changing your due date is possible but may require approval.
You will receive a confirmation via email or can check your account status online.
We accept payments via bank transfer, credit/debit cards, and checks.