Q. How long does it take to get approved?
A. If requested, a credit approval/denial will be provided within 48 hours after receipt of a completed loan application, disclosures and required documents.

Q. Who controls title insurance fees? A. In most states, there is a government agency which requlates the fees charged by title companies (ie. in Texas the Texas Department of Insurance has this responsibility).

Q. Why is the Annual Percentage Rate (APR) on the Truth-In-Lending disclosure different than the rate for which I applied?
A. The APR incorporates both the interest rate on your note and certain closing costs to show you the "total cost" of the borrowed funds. The locked rate will be the same rate on the promissory note.

Q. What do I need to do prior to closing?
A. After providing the completed loan application, disclosures and documentation, you will need to obtain homeowners' or hazard insurance. The policy is usually paid at closing. If refinancing you will be required to show proof of insurance at closing.

Q. When will I know how much to bring to the closing and what kind of funds are acceptable?
A. The closing agent at the title company usually provides the closing figures to you prior to closing. Funds need to be certified (ie. cashier's check).

Q. Would it matter if I purchased a new car or furniture before the closing?
A. Yes. This will change your income to debt ratios and could possibly result in the lender denying your loan application even after an initial credit approval.

Q. Where will the closing take place?
A. Purchases - the closing agent or title company will usually be specified in the sales contract. Refinances - it is recommended that you use the same title company that you used before. If you had a bad experience or the location was inconvenient, we can help you select a different title company.