| How do you keep your fees so low? |
| NPM is competitive because we hold preferred broker status with many lenders across the nation. |
| Are there hidden fees I have to worry about? |
| No, everything is disclosed up front on the Good Faith Estimate so there are no surprises. |
| How do I know I’m getting the best loan for my particular circumstances? |
| NPM chooses from many lenders including sub-prime. Our agents are trained in knowing the products across the industry to best fit each scenario. |
| What does a prepayment penalty mean? |
| Some loans will require a prepayment penalty. If required, most prepayment penalties are “soft” meaning you can still sell your home, but cannot refinance during that time period. |
| How long does it take to get financing? |
| Generally we can complete a loan in less than 30 days. Your NPM agent will tell you what is needed from you up front, therefore making the process smoother for you and the lender. The more complete the package, the faster your loan can be finalized. |
| Signing the final documents is sometimes confusing; how do you help? |
| NPM’s loan agents attend signings at escrow. They know how important it is to understand everything that is being signed. Your agent will also double check all fees/charges before you sign to make sure they are correct. This is another reason to work personally with a loan consultant. |
| Can I write off any of my closing costs on my taxes? |
| If you purchase a home and pay the points out-of-pocket, they are tax deductible. If you refinance and take out equity for home improvements, any points you pay out-of-pocket can be amortized over the life of the loan. Seek the advise of an accountant for more detailed information. |
| What if I’ve had a bankruptcy or have poor credit? |
| NPM is an approved broker with sub-prime lenders that can complete the loan even if you just declared bankruptcy. NPM can help you clean up your credit as well as find the most competitive loan to fit your FICO score. |
| Can I get a Home Equity Line of Credit? |
| Yes, NPM has a diversified product line. |
