| |
My
question wasn’t answered here. How can I contact QwikLoans?
top of page |
| You can reach
us at any time by submitting our contact
form, and we'll have someone phone you. |
|
| Is
QwikLoans entirely an electronic firm? top
of page |
| Our participating
mortgage companies have closed over 3 billion dollars of home loans.
They are a brick and mortar companies which have diversified to an
electronic format to better service the needs of their customers.
|
|
| Who
Are Your Participating Mortgage Companies? top of page |
| One
of them is a mortgage banker which is licensed in over 40 states.
As mortgage bankers, they are able to offer the most competitive rates
in the industry. They customize loans specifically to fit your needs
and offer both conforming and non-conforming loans. |
|
| How
much of a downpayment do I need? top
of page |
| There is no
set amount you need to put down. There are conforming programs that
require as little as 3% down or non-conforming programs that require
no downpayment at all. The amount you put down could affect your interest
rate. |
|
| What if
I do not have any established credit? top
of page |
| Our participating
mortgage companies will work with you to obtain alternative credit
such as using rental histories, utility bills and phone bills as reference.
They will find a loan for you based on the information you are able
to provide. |
|
| What
if I had past credit problems like a bankruptcy or foreclosure?
top of page |
| Past credit
problems do affect the amount of money you can borrow. If you have
re-established your credit after a bankruptcy or foreclosure, you
can qualify for a conforming loan or a non-conforming loan. If your
bankruptcy has been recently discharged, our participating mortgage
companies have various programs to fit your needs. |
|
| How
much of a loan can I qualify for? top
of page |
| The amount
of money you can borrow is dependent on the your income, assets, debts
and credit history. To help you determine the approximate amount you
can borrow, fill out an application. This will give you a guideline
on how much financing you can obtain. |
|
| How
do I get started? top of page |
| It’s simple.
Complete our online Quick Application
form and submit it, and a representative of one of our participating
mortgage companies will contact you. If you need help, you can reach
us at any time by submitting our contact
form, and we'll have someone phone you. |
|
| Can
I lock in a program and interest rate online? top
of page |
| Yes. You can
request a rate lock after your application has been reviewed, including
your loan package documentation and credit information. One of our
participating mortgage companies will notify you via e-mail or telephone
when you are able to request a lock. |
|
| How
quickly will my loan be approved? top
of page |
| You will receive
a response from one of our participating mortgage companies immediately
after your application is submitted. Once your application is received,
you can expect to receive an answer within 24 hours. The time required
to process your application will be related to the completeness of
your application. |
|
| What
is the cost to submit a loan application? top of page |
| Absolutely
free to you, of course, you will be responsible for paying the loan
processing and closing costs and any other fees to the lender at the
time of closing. |
|
| After I
am approved for a loan what should I expect? top
of page |
| Once
your loan application is approved, whether you applied online or by
mail, you will get notification from one of our participating mortgage
companiess that your loan is processing. Within 2 business days you
will receive a loan package via U.S. mail with a set of loan documents
for your signature. This mailing will also include a list of documents
we will need to complete your loan. |
|
| What
kind of documentation will I need to provide to QwikLoans for verification?
top of page |
| There is no
single list of documents needed for all applicants but you should
be prepared to provide copies of bank statements, W-2's or any other
pertinent document necessary to provide to our participating mortgage
companies. There are also programs that allow you to obtain a loan
without any income verification. |
|
| Where
do I close? top of page |
| The closing
normally takes place within 30 minutes of your home. The closing is
usually at an attorney’s office or at a title company’s office depending
on where you live. |
|
| When
will I be ready to close my loan? top
of page |
| Closing will
be done once one of our participating mortgage companies has received
the required documentation and our underwriter has signed off on the
conditions. This usually takes approximately 2-3 weeks. |
|
| Can
I apply for a purchase loan before I’ve found my home? top of page |
| Yes. When
you apply for a purchase pre-approval you simply assume a maximum
purchase price, loan amount, and loan program. Once your loan has
been approved you can change any of these variables to match the specifics
of the house you have in mind. Please note that our participating
mortgage companies cannot lock in a loan until a property address
has been specified. |
|
| What
advantages are there to refinancing? top
of page |
| Refinancing
your existing mortgage can help to lower your monthly payments, shorten
the term of your mortgage, or get cash back for any reason. |
|
| Can
I borrow all of the equity in my home? top of page |
| Yes,
you can borrow up to 100% of the equity in your home. You can use
this money to pay off debts, for home improvements, or anything you
need. |
|
| Is
it safe to shop for a mortgage online? top
of page |
| Yes.
Our participating mortgage companies use the latest in encryption
technology to ensure that your information is sent confidentially
and securely over the Internet, please see our security information
page for more details. |
|
| Does
QwikLoans share client information with other companies? top of page |
| Since
one of our participating mortgage companies is a lender and does all
of their processing in-house, there is no need for anyone other than
us to see or use your information. Your personal privacy and the security
of your personal data are a primary concern of ours. QwikLoans believes
that you should be aware of who our participating mortgage companies
are, the types of information they may collect on our web site, and
what they do with your personal information. Our overall philosophy
is straightforward. Under no circumstances will QwikLoans or any of
our participating mortgage companies sell or share any personal information
about you to or with any person or organization except to our authorized
agents, or as may be required by law or court order. |
Over
60,000 American families in 40 states and Washington, D.C.,
have turned to our participating mortgage companies to:
 Buy
a new home.
Refinance
a high–interest–rate mortgage.
Get
rid of nagging credit–card debt.
Pay
for home improvements or repairs.
Pay
for education, medical expenses, and much more. |
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Drive, Suite 520, Pleasanton CA 94588
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