Why Finance through Ark Mortgage?
At Ark, our Home Mortgage Advisors are not salespeople, they are advocates. Instead of hard-selling you with the benefits of a particular program, we’ll take the time to ask you important questions about your financial strategies and goals before recommending a particular product. We want to know about what payment is most comfortable for you and fits into your budget. We will ask about the amount of cash you need now for various projects. We will work to help you maximize your tax benefits while ensuring the term of your loan coincides with your preferred date to become debt-free. We know that without probing questions, there is no way to custom-fit our program to your needs.
Several other benefits of financing through Ark:
Home Buyer FAQs
It all starts with you contacting one of our Ark Mortgage Advisors who will walk you through the home buying process, such as:
- Reviewing credit
- Obtaining income information
- Information on the funds that will be used to purchase the home
There are many different loan programs designed to help people in various financial situations. The best thing to do is obtain an Ark Certified Pre-Approval to determine your Purchase Power and the terms that best fit your needs.
It depends on your income compared to your other financial obligations. How much you qualify for can be determined by using Ark’s Home Affordability Calculator. This will take into consideration your monthly income, housing expense (rent), liabilities reported on your credit report (car payments, credit cards, etc.,) and the amount of funds available to purchase (savings, gifts, etc.)
Typically, it can take 45 days or more. With the Ark Express Mortgage, you can go from Application to Close in as little as 21 days. Having your required income documents ready, like W2s, pay stubs, and tax statements, can help expedite the process.
Absolutely, but it does create some risk. For example, if you buy a home before you sell your home, you could find yourself overextended financially. If you sell your home before you buy a new home, you might need to rent for a period of time before finding your new home. However, there is a way to do both simultaneously:
Instate a “sale contingency” in your contract. This means you only agree to buy a home if you can sell the one you’re in. Sellers don’t always accept this contingency because they run the run the risk of your current property not selling and their home being “off the market”. Call an Ark Mortgage Advisor for more information.
What’s Your Home Buying Goal?
Real quotes from real clients:
Spring Valley, NY
Toms River, NJ