1. Who Are We?
2. Can I Get Pre-Approved Before I Find My Property?
3. How Long Will It Take for Pre-Approval After I Apply?
4. How Will My Credit Scores Affect My Loan Application?
5. What is Point?
6. How Many Points Should I Pay?
7. What Is APR (Annual Percentage Rate)

Who We Are:
Mortgageclose.Com is a mortgage & loan company. We lend primarily in real estate related transactions. We offer a wide range of financing options for your needs. Here are some samples of our loan programs:

Purchase & Refinance. FHA, Conventional and Jumbo up to $3,000,000. 2nd Trust Deeds and Home Equity Line Of Credit (HELOC). Construction Loan (1 time close.) No Income Verification Program. Credit Challenged Program.

Mortgageclose.Com is proud to offer you the utmost customer support from both online as well as offline. With us, you will find that our intuitive website offers the most up to date information about your loan progress. Of course, our customer service staffs are always available from 8:00 AM to 7:00 PM PST to answer any questions you may have.

Can I Get Pre-Approved Before I Find My Property?
It is often a mistake for buyers to seek out their dream home before applying for a loan. Professional Real Estate Agents will tell you that applying for a home loan before house hunting is preferred. By doing so, you have these clear advantages:

Know exactly how much to buy! Your Pre-Approval gives you more negotiating power with the sellers. Faster close – Since your loan has already started, we can close your loan usually within 10 days after your offer is accepted. Beware! While other lenders may give you a Pre-Qualification, Mortgageclose.Com will give you an actual Approval that we stand by. A Pre-Qualification IS NOT an Approval.

How Long Will It Take for Pre-Approval After I Apply?

At Mortgageclose.Com, our motto is “First In Service.” Therefore, your Pre-Approval is usually completed the same day you apply. Some of our customers have received their Pre-Approval in as fast as 30 minutes. Now, that is what we called service!.

How will my credit scores affect my loan application?  

Most lenders use credit scores as a guideline for lending. The most common use of credit scores by lenders is to use the middle score as one of the factors to decide on your loan qualification. The current acceptable credit score for most real estate loans is 620. If your credit scores fall below 620, the lender will consider your loan as sub-prime.
At Mortgageclose.Com, we believe in a more liberal lending guideline. Although we use credit score as a tool, it is not our bible. We often grant loans to applicants with scores under 600. Call us now to find out more.

What Is Point?
Point in a real estate loan refers to the Origination Fee your lender charges you. A point is equal to 1% of your loan. Example, 1 point of a $150,000 loan equals $1,500.

How Many Points Should I Pay?
Points and Rates are inversely proportionate to each other. Which means that the higher you pay in Points, the lower your Interest Rate will be. Generally, the decision to pay points to reduce interest rate should be evaluated carefully. Please contact our Loan Specialist for more information.

What Is APR (Annual Percentage Rate)?
APR is an interest rate that is different from the note rate. The Federal Truth-In-Lending law requires the use of APR by lenders to show consumers the true cost of your loan – amortized over the term of the loan. IT DOES NOT AFFECT THE PAYMENT OF YOUR LOAN.