This section of the site will hopefully help you understand the mortgage loan process, requirements for obtaining a mortgage loan, and pertinent information required from you, the homebuyer, when attempting to obtain a home mortgage loan. Please browse this area and feel free to contact us with specific questions regarding the mortgage loan process.

The Right Mortgage Company

The choice of the right mortgage company is vital to a homebuyer. The right mortgage company will help you with answers to general financing questions, help put and keep transactions together, shop for the best points, rates and concessions available and submit a "pre-approval" letter to strengthen a buyer's negotiating position.

Mortgages and Credit Reports

Many home buyers are very worried about how their credit report will affect their ability to buy a home. We even heard one story where an applicant was denied a mortgage because he had returned a rented videotape late!

Of course, that could never happen. Most people will not need to worry about the effects of their credit history during the mortgage process. However, you can be prepared if you get a copy of your credit report to review before you apply for a mortgage. That way, if there are any errors you can take steps to correct them before you make your application.

Credit Issues and Alternative Lending Programs

If you have had credit problems, be prepared to discuss them honestly with a mortgage professional and come to your application meeting with a written explanation. Responsible mortgage professionals know there can be legitimate reasons for credit problems, such as unemployment, illness or other financial difficulties. If you had a problem that's been corrected, and your payments are on time for a year or more, your credit may be considered satisfactory.

These are just a few topics concerning the mortgage industry that might be helpful to you when attempting to obtain a mortgage loan. Hampton Roads Relocation only promotes professional loan officers that are proficient in all types of lending and mortgage programs. If you are relocating to our area and would like to obtain more information about a mortgage loan, or just have financial questions, please contact us. We will have a mortgage professional contact you shortly.