How do I see
what I qualify for with Gulf American Mortgage?
There are 3 simple ways to contact us: You can
APPLY
ONLINE, a process which only takes 5 minutes; you
can EMAIL US and we will contact
you at your convenience; or you can call our office
toll free at 877-GULF-LOAN (866-696-5359).
Am I required
to pay all of my closing costs out of pocket?
Usually the appraisal is the only out of pocket expense.
All other closing costs are typically included in the
payments we quote.
How much does
it cost to apply?
NOTHING. Gulf American has no application,
so it costs nothing to apply.
Is it difficult
to get a loan if I have credit problems?
With over 200 Programs, we can help just about anyone
with their mortgage transaction. Whether you are looking
to Purchase a New Home, Refinance and Existing Home,
or need Cash for just about any reason, we can help.
We look for reasons to APPROVE each and every loan,
not reasons to turn you down.
How long does
the mortgage process take?
The typical refinance, debt consolidation or home equity
loan takes 7-10 business days. The average purchase
loan can take from 2-4 weeks, depending upon you and
the sellers timeline.
What is the
process of getting a mortgage loan?
The first step is to APPLY
ONLINE or contact us at 502-292-1115. After we receive
your application or phone call, we will be in touch
to discuss all the options that are available to you,
and help you in deciding the best mortgage for you and
your family. Our next step is to meet with you either
at your home or in our office. During this meeting we
complete the full application, provide you a Good Faith
Estimate and other disclosures, and collect some documentation
from you such as W-2’s and paystubs to verify
what you told us on the application. From this point,
we will order an appraisal and title search on your
property. This takes 3-5 days. Once we receive both
the appraisal and title search, and it confirms the
information on your application, we submit your loan
to our underwriters for final approval. Underwriting
normally takes 48-72 hours. Once we receive the final
approval, we will immediately contact you to schedule
a closing at a place that is convenient for you.
Do you offer
pre-approvals to your customers?
Sure we do. This is especially important on a purchase
transaction to provide the seller confirmation that
you qualify to buy their home.
How long does
it take to get a pre-approval?
In nearly all instances, we can have an approval for
you in the same day you apply. In some cases, we can
have it to you within hours of application.
Will I be working
with several people or just one person throughout the
process?
To better serve our customers, we work in teams of two.
This way we are always available to our customers. While
one member of the team is out meeting with you to review
programs, the other member is getting the necessary
paper work and required documentation together, and
working with the underwriters to make sure your loan
is approved in a timely manner.
I’m
looking to buy a home; how much can I afford?
The old standard is your payment should be no more than
28% of your monthly gross income. But, each situation
is different. APPLY
ONLINE and let us put together a pre-approval that
will not only tell you what you qualify for, but will
make the home shopping process that much easier.
I have really
bad credit, is there anything you can do for me?
Normally bad credit is the result of a bad situation.
We will listen to your needs, and then formulate a plan
to correct the situation. Sometimes it’s a loan
to consolidate debts, or lower your monthly outgo. Sometimes
it’s free advice on how to better position you
to qualify for a loan in the future. The first step
is to APPLY
ONLINE and to let us begin working for you today.
I have really
good credit, why should I choose you over the local
banks?
At GAM, we are mortgage professionals and making mortgages
is our only business. Furthermore, we offer wholesale
interest rates which can be from a quarter to one percent
lower than what the banks are offering today. Finally,
we have over 200 products to fit your exact needs, not
just a few cookie cutter programs. If you need a checking
or savings account, go to your bank, but if your looking
for the best mortgage, choose and experienced mortgage
professional such as Gulf American Mortgage.
I
can’t find the information I am looking for on
this website. How can I get additional questions answered?
One of the unique things we at Gulf American Mortgage
offer is FREE FINANCIAL ADVICE. If you have any type
of question related to mortgages, home or personal finances
feel free to contact us either by phone at 877-GULF-LOAN
or EMAIL US. There is never
a charge to speak with us and obtain advice. We are
interested in building clients for life. |
