Q: If I am going to be buying soon, when should I start the mortgage process?

A: Immediately! To increase your buying power and leverage with the seller, get approved BEFORE you even select a Realtor. This is explained in the next question. By doing so, you know exactly what you will be approved for. When you write a contract, if you are already approved, your sellers can find comfort in the fact that the deal will not fall through because of financing, which will be to your advantage.


Q: If I am going to be buying soon, how should I start the mortgage process?

A: Once you have selected HDS Mortgage, LLC to obtain your home loan, you'll be amazed at how quickly and simple the loan process moves. Before you know it, you'll have a mortgage that suits your lifestyle and saves you money.

Throughout the loan application process, we provide you with regular updates. You can also email us with questions or new information. If you want assistance, your mortgage expert is just a phone call away.

Here is an overview of the loan application process:

  STEP ONE- APPLY NOW!!! Getting started is easy.

When you've decided to refinance or if you are THINKING of buying a home, the next step is to complete your loan application, which can be started through our website. Click on Apply For A Loan to start. At the right time, we will order your appraisal for you.


STEP TWO-Your loan is approved and funded!

If you are refinancing, we will set up a closing that is convenient to you where you will sign all the loan documents. If you are buying, we will work with your agent to schedule everything.

Simple, Strait-forward, Cost Effective and Fast!!!

What is a no-cost loan?

We do these loans quite frequently. It is a loan where you will not have any fees to pay at all! We will pay all of your closing costs for you. This type of loan makes the decision process easy ... If you can lower your rate, even by 1.5% do it. You are not paying any fees, so all you are doing is SAVING MONEY!!!



Q: Why should I consider an adjustable rate?

A: Most homeowners will either move or refinance their loan within 3-5 years. Why lock into a 30 year rate if you will only have the loan for a few years? You can save thousands of dollars in paying a lower rate that you can obtain with an adjustable mortgage. If you know you will be in your home for over 5 years and are comfortable with the fixed rate, then the 30 or 15 year fixed rate may be your best option. We will help you decide by showing you the difference.


Q: What is the difference between a conventional loan and an FHA loan?

A: Better call or email for this answer. We can go into detail about the differences and why you would benefit from one or the other.


Q: What is FSBO?

A: For Sale By Owner. Some homeowners will elect to sell the home themselves to save on Realtor commissions. As a buyer, you can save also because when a home is listed with Realtors, the seller will just add the fees to the price of the home, passing the fees to you. FSBO will have little or no fees to pass along, saving you money. ***IMPORTANT*** This is another reason to get approved with us FIRST. This gives you the best option to buy a FSBO. Once you sign a contract with a Realtor, they will earn their commissions whether you buy a listed home or a FSBO, meaning, you may have to pay the fees yourself, just to buy a home.



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