FAQs

How long must I wait until I hear from a mortgage broker/lender?

If you do not hear from the recommended mortgage professional within one business day, please contact the professional directly.
My credit record is not too good. Is there any hope of getting a mortgage with reasonable rates?

Yes you can! Ohiomortgagedepo.com specializes in helping consumers with all types of credit - good and bad, find a mortgage loan to meet their needs. We search our nationwide network of mortgage professionals and put you in contact with the one best suited to help you find the right type of home financing. Having bad credit is not a problem. And you need not pay the highest rates. The Ohiomortgagedepo.com professionals will help you work through your credit problems and help you buy a home.
What do you charge for this service?

Absolutely nothing to you! There are no fees associated with the service, nor are your obligated to work with the recommended Ohiomortgagedepo.com member; however, we encourage you to review the offer carefully. Our match is the result of an extensive search of thousands of loan programs in your area and throughout the United States.
Who are your members?

Ohiomortgagedepo.com 's nationwide network includes many of the most well-respected mortgage brokers and lenders in the United States. Each member is pre-screened to ensure that they possess the necessary licenses and credentials, and are committed to delivering the utmost in value and customer service.
Is my personal information secure on Ohiomortgagedepo.com ?

Absolutely! Since specific information is required in order to utilize Ohiomortgagedepo.com 's search capabilities, securing your privacy is our first priority. Only you, Ohiomortgagedepo.com and our participating lenders - upon your authorization - can access the information you submit.
Can you help if I cannot afford a home?

Shopping around for home financing will help you get the best deal. The best place to start is with a Ohiomortgagedepo.com recommended broker / lender. It's free, there's no obligation, and a mortgage broker / lender can help you explore all the options of homeownership. If you feel you can't afford a home, think again. Homeownership is just as affordable as renting - in some cases even more affordable. A mortgage is a product, and the price and terms are always negotiable. Shop, compare the costs, and negotiate for the best deal right here!
How do I know how much house I can afford?

You can purchase a home with a value of two or three times your annual household income, depending on your savings and debts. However, if you are buying a home for the first time, you may be able to take advantage of special loan programs for first time buyers.
What types of institutions offer home mortgages?

Several types of lenders offer home loans to consumers. These include thrift institutions, commercial banks, mortgage companies, and credit unions. As prices differ from lender to lender, it pays to contact several lenders to make sure that you are getting the best price. Contact our lenders right now!
How can your service help me find the best interest rate?

Mortgage brokers work with many different lenders. They may also have access to lenders that do not have an office in your state, but are licensed to lend money there. However, while mortgage brokers research many lending sources, it would be nearly impossible for them to access every single lender and every mortgage product, simply because there are thousands out there. This is where we can help. Our large network of mortgage professionals overcomes this problem. This means you get the best offer possible.
Will I have to pay more for my loan if I get it through a broker?

Not necessarily, though the broker does perform a service for which he or she receives a fee. When a broker processes the paperwork on a loan, it costs less for the lender to make the loan. Therefore, lenders often discount loans to brokers. The borrower pays no additional cost and benefits from the broker's service.

Frequently Asked Questions