| Answers
to Questions |
| What
information do I need to provide? |
| For
New Purchase: |
- First
and Last Name of Borrower (and Co-Borrower if applying
jointly).
- Address
for the past 2 years.
- Phone
#.
- Date
of Birth.
- Employment
History for the past 2 years (company, position and
salary).
- Social
Security Number (to check your credit score).
- Current
Rent.
|
| For
Refinance: |
- 1-6
above as well as the following:
- Payoff
Amount.
- Appraised
Value of home.
- Current
Mortgage Rate.
- Current
Term (30 Yr Fixed, 3 Yr ARM?)
- Taxes
and Insurance Escrowed into payment?
- Year
Purchased
- Single
Family, 2 Unit, 3 Unit, 4 Unit, Condo?
|
 |
|
| Can
I apply online? |
| Yes!
Simply fill out the online form and a representative will
call you to confirm. That's it! |
 |
| Do
you charge points? |
|
No, not unless you want to buy down
the interest rate to a lower one in order to have
a lower monthly payment. |
| |
|
|
| How
does Platinum Mortgage Group make money if they don't charge
points? |
| The
lenders that we use pay us a percentage for the large
volume of wholesale loans we buy from them. These
lower rate wholesale loans are NOT available to the
general public, only to authorized mortgage brokers.
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