Mortgage Company Greenville, NC
Top Questions to Ask a Greenville, NC Mortgage Broker
Whether you already own a home and you’re looking to take out a refinance mortgage or you’re on the market for your first home, if you live in the Pitt County area and you’re looking for mortgage companies near me, make sure you get in touch with Jet Direct Mortgage. As a leading mortgage company that has years of experience, a proven track record of success, and offers a variety of loan options, we can help you secure the best rates on a mortgage that will meet your specific needs.
While there may be a lot of mortgage companies in Greenville, NC, you don’t want to choose the first company you find. It’s important to do your due diligence and choose a lender that is transparent and will meet all of your needs; after all, a mortgage is a significant expense and you want to be sure you’re working with a broker who can help you get a rate that you can comfortably afford.
How can you narrow down all of the different mortgage companies and find a broker that you can feel confident in and comfortable working with? By asking important questions before you make your final decision. Let’s take a look at important questions that you should ask when you’re looking for a mortgage broker. The answers you receive can help steer you in the right direction.
What Type of Rates do I Qualify For?
The interest rates on home loans have a significant impact on the total amount you’ll end up paying. Rates change on a constant basis, so you want to make sure that you’re working with a lender that offers the best rate possible. Do some research and find out what the average rate is in your area. For example, if you’re looking to refinance your current mortgage, check out what the current refinance mortgage rate today is, and when you contact a mortgage broker, ask what rates they’re currently charging. Be leery of a rate that appears to be too low, as more than likely too good to be true. It’s not uncommon for lenders to advertise a much lower rate than they can actually offer as a way to draw prospective clients in. Generally speaking, the rate should be within close range of the going interest rate at the time that you are shopping.
How Much of a Down Payment Do I Need?
A down payment refers to the part of the total price of the property that you’ll be putting down when you complete the purchase. If you’re purchasing a new home, for example, the amount you put down goes straight to the seller and the remaining amount will be added to your mortgage. Therefore, the larger the down payment you make, the lower your loan will be.
While putting down as much as you possibly can is ideal, you may not be able to put down a large sum. Ask a prospective mortgage broker to assist you with mortgage calculations to determine how much of a down payment you’ll need to put down. The minimum amount you’ll have to put down will depend on several factors, such as the type of loans you qualify for and your personal financial situation.
How Much are Closing Fees?
Whether refinancing or taking out your first home loan, there are a lot of fees involved, and many of those fees can be rolled into the mortgage itself. However, with that said, there are some expenses that you will have to pay on your own. Those expenses will have to be paid when you go to closing; hence why these fees are known as “closing costs”. Closing fees vary but can include title searches and issuance, appraisal fees, mortgage origination fees, just to name a few.
The type and amount of fees you’ll have to pay when you go to closing will vary and depend on several different factors. Make sure you ask a prospective mortgage broker what type of closing costs you’ll be expected to pay so that you aren’t taken by surprise and are fully prepared when closing day arrives.
How Long does it Take to Process a Loan?
The amount of time it takes a lender to process a mortgage and fund the loan varies; however, on average, the processing time is between about 21 and 45 days. That’s a rather large difference. The longer the processing time, the longer it’s going to take for you to go to closing. As such, you should definitely find out before you decide on the mortgage broker you’re going to work with what their average processing time is so that you’ll know when you can expect to have the mortgage and closing process completed.
Want to Work with the Best Mortgage Broker in Pitt County? Contact Jet Direct Mortgage!
If you’re looking for a reputable mortgage broker to assist you with the loan for your Greenville, NC home, get in touch with Jet Direct Mortgage. Offering years of experience, numerous programs, affordable rates, and fast approvals, it’s no wonder why we’re considered the leading mortgage company in Pitt County. To schedule an appointment with one of our friendly and knowledgeable mortgage brokers, call 855-553-4732 today! We look forward to hearing from you and helping you get the best rate possible for your mortgage.
Some information about Greenville, NC
Greenville is the county seat of and the most populous city in Pitt County, North Carolina, United States; the principal city of the Greenville metropolitan area; and the 11th-most populous city in North Carolina. Greenville is the health, entertainment, and educational hub of North Carolina’s Tidewater and Coastal Plain. The city’s official population as of the 2020 United States Census was 87,521 residents while the Greenville Metropolitan Area includes 170,243 people. In January 2008 and January 2010, Greenville was named one of the nation’s ‘100 Best Communities for Young People’ by the America’s Promise Alliance. In June 2012, Greenville was ranked in the top ten of the nation’s ‘Best Small Places For Business And Careers’ by Forbes magazine. In 2010, Greenville was ranked twenty-fourth in mid-city business growth and development by Forbes Magazine.
Greenville was founded in 1771 as ‘Martinsborough’, after the Royal Governor Josiah Martin. In 1774 the town was moved to its present location on the south bank of the Tar River, three miles (4.8 km) west of its original site. In 1786, the name was changed to Greenesville in honor of General Nathanael Greene, the American Revolutionary War hero. It was later shortened to Greenville.
During Greenville’s early years, the Tar River was a navigable waterway; and by the 1860s there were several established steamboat lines transporting passengers and goods on the river. Cotton was the leading agricultural crop, and Greenville became a major cotton export center. Before the turn of the century, however, tobacco surpassed cotton and became the leading money crop. Greenville became one of the state’s leading tobacco marketing and warehouse centers.
For over a century, Greenville was recognized only as an important tobacco market and the home of a small state-supported college, charted by the Legislature in March 1907 and named East Carolina Teacher’s Training School, a co-ed institution. By the mid 1960s, East Carolina College had become the third-largest state-supported college, and enrollment approached 8,000 students — twice the 1960 enrollment figure. In 1967, it became East Carolina University. ECU Medical School admitted its first four-year class in 1977. At the turn of the century, enrollment at ECU topped the 18,000 mark, and now exceeds 29,000 students.