Other Services
New Start Finance
understands that this might be stressful time in your life. Whether
it is a past bankruptcy, overwhelming dept, divorce, or a first time
home purchase, we care and we want to help.
We are pros at making the whole process as stress free as
possible! And we have the perfect Home Saver Program for you.
It's Easy!
Apply Today!
Credit decisions are based on four main criterion:
- Your income
- Your credit report score
- Length of time on present job
- How large your down payment is or the amount of equity in your house.
"Remember, Nobody's doing loans for free out there and most banks have a minimum 1% origination." "If you're not paying the 1% origination as a closing cost, rest assured, it's hidden in a higher interest rate."
It is noted brokers go a step further when they market "no cost loans." Every loan has costs and fees, for things such as a credit report, appraisal and notary, that if not itemized in the closing costs are hidden in a higher interest rate. A loan can get marked up so high so as to result in 2 percent or even 3 percent rebate after the loan closes, "so don't get fooled ... it's just a marketing gimmick."
