|
Click on any of the frequently asked mortgage questions.
Features and Benefits
The Process
Features and Benefits
How can I benefit by using mwbankers.com by
Mortgage World Bankers, Inc.?
Our site is for anyone who knows what type of loan they want and
who is looking for a low cost loan with fast and easy approval.
Check out the rates on the other web sites, and then come to us
for a low cost efficient loan on the web! It's fast and it's easy.
Why are rates on this web site different from
those in the newspaper or branch office?
Rates on this site are discounted due to the streamlined process
we have for online approvals. If you need to talk to a loan officer
about a loan, the rates quoted may be different. Rates listed
and quoted on this site are only available to those individuals
who apply and are approved for a mortgage loan through this site.
In which states do you lend?
Mortgage World Bankers, Inc. offers mortgage loans for any property in
New York State, New Jersey State, Connecticut State and Florida State.
The Process
How much must I have for a down payment?
We require at least 10% of the lesser of the purchase price or
appraised value of the property as a down payment amount.
What happens after I apply with Mortgage World Bankers, Inc.
on this web site?
You will be contacted after the submission of your
application and will be informed of the steps to be taken to complete your loan.
You will also receive application disclosure documents in the
U.S. mail within 3 business days of your loan submission. You
will be asked to review, sign and return those documents to us.
What happens after I receive a loan approval?
You will be instructed to return to Mortgage World Bankers, Inc.
to complete the following steps:
- Pay a Good Faith Deposit of $300 (which will be credited
back to you at closing).
- Provide additional processing information.
- Lock your interest rate and One Fee.
- Schedule your closing.
When can I lock in an interest rate and One
Fee for my mortgage?
You can lock in your interest rate and One Fee after:
- You have been approved.
- You have paid your Good Faith Deposit.
- You have provided us with the required additional processing
information.
What if I need help after regular business
hours?
Our regular hours of business are Monday - Friday 8 A.M. - 10
P.M., Saturday 9 A.M. - 5 P.M. EST. If you need help after regular
business hours, please send us an e-mail at info@mwbankers.com.
You will then be contacted by an Mortgage World Bankers, Inc. representative
the next business day.
What if I receive an e-mail or am notified
by the site that I will be contacted within 1 hour during regular
business hours and the current time is not during your regular
business hours?
You will be contacted by an Mortgage World Bankers, Inc. representative the
next business day.
Why am I asked to complete a survey when
I didn't apply with mwbankers.com by Mortgage World Bankers, Inc.?
To help improve our service to you. The information we collect
through our survey will only be used by Mortgage World Bankers, Inc.. This
information will NOT be shared with a third party. |
