We’ll help you figure it out. The price of a home you can afford will depend on a number of factors, including your income, employment, assets, credit history, and more.

That’s our specialty! You can absolutely purchase a home with less than perfect credit, and we will ensure that you receive the best possible mortgage rate for your situation. We will look at your current finances and ability to pay, not just your accumulated credit report.

This will not impact your current credit and as such, will not be taken into account when assessing your mortgage options. We pride ourselves in going the extra mile to assist clients with complicated credit histories.

This all depends on the type of mortgage you are applying for. While traditional loans often ask for 5-10% down, some loans require as little as 3.5%. We’ll look at your unique situation and decide together what works best for you.

Yes! It’s quick and 100% free. Pre-qualifying will simplify your house-hunt by determining your ideal price range. Pre-qualification also lets sellers know that you are a serious shopper, rather than simply a browser, and that your interest should be strongly considered.

We’ll explore traditional as well as government insured FHA and VA loans to ensure you are set up with the right plan for your situation. We will take into account your current financial situation as well as how long you plan to live in your home. There are many different types of mortgages to choose from, and we’ll help you decide what best fits your needs.

Your credit score will affect your mortgage rate, but it is not the only factor taken into consideration. At Simple Fast Mortgage, we are committed to providing the most competitive mortgage rates on the market for every credit level.

Closing costs are a group of fees charged by your lender and any third parties involved in funding your loan. Every home purchase will include closing costs, but we are committed to keeping them as low as possible for our clients.

You’ll have the option to choose between a fixed rate mortgage, in which your rate will not change, or an adjustable rate mortgage, in which the rate will change after a set period (generally 5 or 7 years).

Yes. You can lock your interest rate by opting for a fixed rate mortgage. An adjustable rate mortgage can also be locked mid-term, should you choose to refinance your mortgage at any point.

In most cases, we will ask for your social security number, tax documents, bank statements, and any information regarding current debt. If you’re missing pieces, don’t worry. We will work with you to secure a fair and competitive loan regardless of your situation.

Many homeowners choose to pay their mortgage either monthly through their online payment portal, or by having the amount automatically deducted from their checking/savings account on a fixed date each month.

Your mortgage cannot be paid with a credit card, but it can be deducted from the account to which your card is linked.

Absolutely. The more you contribute, the faster your balance will decrease. While a typical mortgage is generally set for either 15 or 30 years, many homeowners choose to refinance and are able to pay their balance in full years earlier than expected by over-contributing.

Escrow is a separate account that that holds associated monies (down payment, property taxes, and homeowners insurance) until a sale is closed. After purchase, your lender will use the escrow account to pay monthly property taxes and insurance payments on your behalf.

Your property taxes and interest paid on your home loan will be tax deductible. After refinancing, variables may change, but we will assess your particular situation to help you determine what will and will not be taxed.

We are committed to closing each sale as quickly and painlessly as possible. It generally takes anywhere from 30-45 days to close on a purchase, and up to 60 days to close on a refinance. We know that your time is valuable, and we will make the process as fast as possible.

While it is always a good idea to do your own research, we will work with you every step of the way. We know that this can be a complicated process. Simple Fast Mortgage seeks to foster a level of transparency and understanding that is often glossed over in an attempt to close quickly. We will explain every step and answer any questions you might have about your unique situation and the purchase or refinance process.

Give us a call today at 1-212-461-4406 or email us at info@simplefastmortgage.com.  You can also reach us via our website Contact Page.