1 / 12

Home Loan FAQS | Nova Home Loans

Find out why you should use a real estate agent with these are frequently asked questions about home loans. Nova Home Loans shares the answers to these questions while providing extra insight. Learn more about home loans and loan programs at http://www.novahomeloans.com/faqs/.

NovaHomeLoans
Télécharger la présentation

Home Loan FAQS | Nova Home Loans

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Home Loan FAQS

  2. How Does NOVA Protect Your Privacy? Prior to taking an application for any home loan program, NOVA encourages its clients to opt-out of credit bureau solicitations. As you embark on what could be the largest financial transaction of your life, it's important to have a professional mortgage specialist on your team who has your best interests at heart. See more at www.novahomeloans.com

  3. Do I Need To Be Pre-QualifiedWith A Lender? One of the most disheartening experiences a homebuyer can undergo is to find the property of their dreams, only to have their mortgage application denied! The easiest way to avoid this pitfall is to obtain pre-qualification from Nova Home Loans See more at www.novahomeloans.com

  4. What is NOVA Home Loans NMLS? Nova Home Loans NMLS# 3087 See more at www.novahomeloans.com

  5. What is NMLS? Nationwide Mortgage Licensing System: The SAFE ACT requires each mortgage loan originator to obtain a unique identifier to facilitate the electronic tracking of loan originators, and the uniform identification of, and public access to, the employment history and publicly adjudicated disciplinary and enforcement actions against a mortgage loan originator. See more at www.novahomeloans.com

  6. What is NMLS? In order to effectuate this requirement, a mortgage loan originator and the employing institution must ensure that the consumer has access to the originator’s unique identifier. This access must be made available early enough in the relationship with the originator to enable the consumer to access the Registry before the consumer commits to the mortgage loan transaction. See more at www.novahomeloans.com

  7. Should I Use A Real Estate Agent? How a Realtor® can help you sell your home: A good agent knows the market, can prepare your property for sale, market it and get it sold for top dollar. A good agent will educate you, giving you enough information to make clear, informed decisions. They will not make these decisions for you. A good agent works full time, voluntarily restrict themselves by geographic location and property type and will tell you when they think adding other experts (lawyers, inspectors, etc.) to your team is advisable. See more at www.novahomeloans.com

  8. Should I Use A Real Estate Agent? A Realtor® can research your housing needs through a Multiple Listing Service (MLS), even if you are relocating from another city. This enables them to show you only those homes best suited to your needs. They will take into consideration such factors as size, features, location, style, and accessibility to schools, transportation, shopping, and so forth. They can suggest simple, imaginative changes that make a home more suitable for you and improve its utility and value. See more at www.novahomeloans.com

  9. Is There An Organization That Offers Down Payment Assistance? If you are considering buying a home but are concerned about the down payment, there are several organizations that provide down payment assistance. Consult your NOVA Loan Officer to find out if you are eligible for these programs. See more at www.novahomeloans.com

  10. Can I Buy A Home Without Paying Closing Costs? Closing costs are the fees associated with buying and selling a home. There are some options for keeping these costs to a minimum. One option is to roll the majority of these costs into your final loan amount in order to minimize your "out of pocket" costs. See more at www.novahomeloans.com

  11. What Do I Need To Know About Purchasing a Luxury Home? When considering the purchase of a luxury home, it is important to consult your financial advisor to see if it is more advantageous for you to pay cash for the property or to secure a mortgage. If it is in your best interests to secure a mortgage, you should work with a lender who is an expert in financing luxury homes. See more at www.novahomeloans.com

  12. Can I Buy A New Home Without Selling My Existing Home? One way your Loan Officer can structure the financing on your new home is to set up two separate loans for the purchase. 1. The first loan would typically be set up to be the mortgage you want to end up with. 2. Meanwhile, the second loan amount is based upon the expected net of the sale of your existing home. See more at www.novahomeloans.com

More Related