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How long does it take
to get approved?
GCS Mortgage, Inc. offers you the luxury and convenience of shopping for
the right loan for you. Approvals may be as quick as 24 hours, or in
some cases, even the same day.
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Why do mortgage rates change?
In times of economic uncertainties, mortgage rates
tend to fluctuate due to changes in the Long Term Bond Market. For
example, by following the 10-Year Treasury Bond, you will always have a
good indication as to the changes, up or down, of the 30 Year Fixed Rate
Mortgage.
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What information do I need to apply for a loan?
Getting a loan can seem like a difficult task. In
order to make your loan process quick and easy, we've compiled a list
detailing the documentation that you will need if you apply for a loan
with GCS Mortgage, Inc.
- Complete, signed Contract with all addendums
- Copies of your bank statements for all asset accounts (checking, savings, CD's, IRA's, etc.) from the past two months. Copies of your most recent paystub from your employer
- Copies of your last years W-2 Form. Also, complete tax returns if you are self-employed, commissioned, or if you have overtime income
- Copies of your last twelve months of canceled rent checks, if you currently rent
- Check or credit card for $500.00 to be credited towards appraisal and credit report fees
For refinancing we will need:
- Property Deed
- Recent Real Estate Tax Bill
- Homeowners Insurance Policy
- Current Mortgage Statement
Can I get a loan if I
have bad credit?
Needless to say, every application is
evaluated on a case by case basis. Factors such as strong assets,
income, and equity in your home (when refinancing), may compensate for
past credit problems.
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How do I get started?
That's easy. Call us at 212 545-9201
and ask to speak with a Mortgage Specialist. We will be happy to
answer all of your questions and guide you through the loan process.
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I'm thinking of refinancing....
Call us to see if refinancing is right for
you. Lowering your current interest rate, reducing the number of
years remaining on your mortgage, or using the equity in your home to
consolidate debt may be some of the reasons that now is the right time for
you to refinance.
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