Frequently Asked Questions
What is a mortgage broker? A mortgage broker is a professional who helps you find the best home loan for your needs. They work with various lenders to get you a good deal on a mortgage.
Why should I use a mortgage broker instead of going directly to a bank? A broker has access to a wide range of loan products and can compare different options to find the one that suits you best. They often get better rates than what you might get directly from a bank.
How does the mortgage application process work? First, we discuss your needs and financial situation. Then, we will find suitable loan options and help you with the application. We guide you through the process, from application to approval.
How much can I borrow? The amount you can borrow depends on several factors, including your income, debts, credit history, and the property's value. Click the link to get pre-qualified now.
Do I need a down payment? Yes, most mortgages require a down payment. The amount varies, but we can help you understand how much you'll need for different loan options.
What is the difference between fixed-rate and adjustable-rate mortgages? A fixed-rate mortgage keeps the same interest rate for the entire loan term, while an adjustable-rate mortgage may change the interest rate at certain points in time. We can help you decide which is best for you.
How long does it take to get a mortgage approved? It varies, but it generally takes a few weeks. The exact time depends on the lender and your specific circumstances. We work to make the process as fast as possible.
Can I get a mortgage if I have a bad credit history? Yes, there are options for people with less-than-perfect credit. We can discuss these options and find a solution that works for you.
What are the costs involved in getting a mortgage? Costs can include loan application fees, valuation fees, legal fees, and possibly mortgage insurance, depending on your down payment. We'll provide a detailed breakdown of all costs.
© 1992-2023 AMS Mortgage Services, Inc. All rights reserved.
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Licensed by PA Department of Banking as a Mortgage Broker, licensed by NJDOBI as correspondent residential mortgage lender (AMS acts a mortgage broker and as such can not issue a mortgage loan commitment nor can we fund any loans under any advertised program. Also as a mortgage broker in NJ AMS arranges mortgage loans through third party affiliates). This site is not authorized by the New York State Department of Financial Services. No mortgage loan applications for properties located in New York will be accepted through this site. Licensed under California Department of Business Oversight, Broker's License under California Finance lenders law. NMLS #20843
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This material is not from HUD or FHA and has not been approved by HUD or any government agency.