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Please select a question:How do I apply? How do I apply?If you are interested in applying for a mortgage/loan with us, please fill out our application form on the Application page by closing this window and clicking on the "Application" link of the previous page. close window | select a new faq How long will it take for my loan to close?In most cases, 14 days after all documentation has been collected. Close window | select a new FAQ Which loan is right for me?Sunset Mortgage Company offers a number of different loans. Please choose a link below to learn more about each of our available loan programs:
close window | select a new FAQ Should I refinance now?Consider refinancing if:
For more information on refinancing, please visit our "Reasons to Refinance" page by closing this window and clicking on the "Reasons to Refinance" link below our logo on the previous page. Close window | select a new FAQ Should I pay point(s) for a lower rate?Check back soon for answer. Close window | select a new FAQ Will my credit report affect my chances of obtaining a loan?Be on the offensive if you're buying or selling. Your credit is the key to unlocking many doors on your way to a new residence. Understanding your credit -- and how it affects your present and future -- is important. Once you learn about your credit and its influence on important aspects of your life, you'll be better prepared to use it to your advantage. When purchasing a home, your credit is a major factor in your mortgage loan. First, you should consider getting pre-approved for a loan. This formal process includes having your credit checked and verification of your down payment funds and employment. Next, you can get an approval for a specific amount of money at a certain interest rate. Once you are pre-approved for a loan, your bargaining power with sellers is increased -- meaning you have a better chance of getting the home you want. Ensure that the hunt for your new residence is a successful one. With a little time and preparation, you can use your credit knowledge as a powerful negotiation tool. You'll get the home of your dreams! close window | select a new FAQ Can I correct my credit?Sunset Mortgage Company offers a wide variety of loans, including loans for people with less than perfect credit ratings. It IS possible to correct your credit if you take the initiative. Consider consolidating your high interest credit cards and debts so you pay one monthly payment at a lowered interest rate. This way, the regular monthly payment that you make now towards these bills could go further into paying off the principal, as opposed to being eaten up by hefty interest charges. Call us for tips on cleaning up your credit! We can help! We specialize in troubled and problem credit. Contact us today toll-free at (800) 507-5155. Close window | select a new FAQ What are credit grades and fico scores?Credit grading or scoring is a statistical means of assessing how likely a borrower is to pay back a loan. A credit grade is based on some or all of the data available in the borrowers' credit report, good, bad, or indifferent. It is not a measure of a borrower's income or assets, although those and lenders and investors still consider other factors. Fair, Isaac Credit Bureau Scores, also know as FICO Scores, range from approximately 375 to 900 points. It is based only on the information available in one credit repository, Equifax (formerly CBI), TransUnion, and Experian (formerly know as TRW). It is not based on two or more repositories and Fair, Isaac is not able to access a borrower's information, make corrections, or calculate a score. Fair, Isaac used credit information for millions of consumers to develop "Score Cards" to identify credit patterns that correspond to a likelihood that a consumer will make their loan payments as agreed in the future. Close window | select a new FAQ
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