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FAQs
What types of affordable housing assistance programs are available to me?
How long does the home loan mortgage process take?
Our loan officers can tell you about the affordable housing assistance programs in which New Priority Lending participates. With an eligible loan, these assistance programs can help qualified home buyers achieve successful ownership.
Every home loan situation is different. Some factors that affect the timeline are the type and terms of the home loan you are requesting, the type of documents required in order to secure the loan, and the time you take to provide us with those documents. Your New Priority Lending Loan Officer will work with you diligently to help you to meet these deadlines.
Easy ways to improve your credit score
When refinancing my mortgage, can I get extra money at closing so I can pay other debt?
Yes. Assuming you have sufficient equity, a cash-out refinance enables you to pay off your existing mortgage(s) and may also allow you to take out some of your home equity in a lump-sum cash payment at closing.
Top reasons to Cash-Out: Home Improvements projects, paying other Debt, buying an Investment Property and more!
- Make sure you pay all your bills on time.
-Keep your balance low, less that 30 percent of your available credit.
-Don't close old accounts.
-Think carefully about opening new lines of credit when you are applying for your mortgage.
-Check your credit report and promptly correct any errors. Visit AnnualCreditreport.com to get a free copy of your report.