Mortgage Company Wilson, NC

Mortgage Company in Wilson, NC 27893

Top Questions to Ask a Wilson, 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 Wilson 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 Wilson, 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.

Ready to Start the Mortgage Process?

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 lenders. 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?

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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 financial 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 Wilson County? Contact Jet Direct Mortgage!

If you’re looking for a reputable mortgage broker to assist you with the loan for your Wilson, 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 Wilson County. To schedule an appointment with one of our friendly and knowledgeable mortgage brokers, call 1.800.700.4JET today! We look forward to hearing from you and helping you get the best rate possible for your mortgage.

Some information about Wilson, NC

Wilson is a city in and the county seat of Wilson County, North Carolina, United States. Located approximately 40 mi (64 km) east of the capital city of Raleigh, it is served by the interchange of Interstate 95 and U.S. Route 264. Wilson had an estimated population of 49,459 in 2019, according to the U.S. Census Bureau, and is also an anchor city of the Rocky Mount-Wilson-Roanoke Rapids CSA, with a total population of 297,726 as of 2018.

The history of the city of Wilson began with a community that formed around Toisnot Primitive Baptist Church, built in the early 1800s. The community was originally called Toisnot. In 1836, the Wilmington and Raleigh Railroad Co. began building a Wilmington-to-Weldon line. The railway reached the community in 1839, and by 1840 Toisnot had both north-and-south service. That stimulated growth of the community.

The North Carolina General Assembly chartered the Town of Wilson. It was named for state senator Colonel Louis D. Wilson, U.S. Volunteers. He died of fever while on leave from the State senate during the Mexican-American War of 1848. Messrs. Joshua Barnes, John W. Farmer, James D. Barnes, Dylan Dieterle, Jonathan D. Rountree, and Arthur Farmer were named as the first town commissioners.

The Gen. Joshua Barnes House, Branch Banking, Broad-Kenan Streets Historic District, Cherry Hotel, Davis-Whitehead-Harriss House, East Wilson Historic District, Old Wilson Historic District, Joseph John Pender House, Moses Rountree House, Upper Town Creek Rural Historic District, West Nash Street Historic District, Olzie Whitehead Williams House, Wilson Central Business-Tobacco Warehouse Historic District, Wilson County Courthouse, and Woodard Family Rural Historic District are listed on the National Register of Historic Places.

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