FAQ's
You have questions? We have answers…
Mortgages can feel like a maze wrapped in paperwork sprinkled with acronyms. Don’t worry—we’re here to simplify the chaos and make it all make sense (with way fewer headaches).
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What types of home loans do you offer?
How do I know which loan is right for me?
We take the time to understand your financial situation and goals, then help you choose the best loan option that fits your needs.
What documents do I need to apply for a mortgage?
Generally, you’ll need proof of income, credit history, tax returns, bank statements, and ID. We’ll guide you through the exact list based on your loan type.
How much do I need for a down payment?
Down payments can vary from 0% (VA loans) to 20% or more, depending on the loan. We help you explore all available options.
How long does the mortgage pre-approval process take?
Faster than you’d think. In many cases, we can have your application reviewed and a pre-approval ready in as little as 24 hours.
What’s the difference between pre-qualification and pre-approval?
Pre-qualification gives you a basic idea of what you can afford. Pre-approval is a more in-depth process and carries more weight with sellers.
Can I still get a loan with a low credit score?
Yes. We work with many borrowers with less-than-perfect credit and can help you find options that suit your situation.
What are closing costs and how much should I expect to pay?
Closing costs typically range from 1½% to 2% of your loan amount. We provide a detailed breakdown early in the process so there are no surprises.
Do I need to use a real estate agent?
It’s highly recommended. A real estate agent helps you navigate home buying, but we can also connect you with trusted local partners if needed.
What types of home loans do you offer?
How do I know which loan is right for me?
We take the time to understand your financial situation and goals, then help you choose the best loan option that fits your needs.
What documents do I need to apply for a mortgage?
Generally, you’ll need proof of income, credit history, tax returns, bank statements, and ID. We’ll guide you through the exact list based on your loan type.
How much do I need for a down payment?
Down payments can vary from 0% (VA loans) to 20% or more, depending on the loan. We help you explore all available options.
How long does the mortgage pre-approval process take?
Faster than you’d think. In many cases, we can have your application reviewed and a pre-approval ready in as little as 24 hours.
What’s the difference between pre-qualification and pre-approval?
Pre-qualification gives you a basic idea of what you can afford. Pre-approval is a more in-depth process and carries more weight with sellers.
Can I still get a loan with a low credit score?
Yes. We work with many borrowers with less-than-perfect credit and can help you find options that suit your situation.
What are closing costs and how much should I expect to pay?
Closing costs typically range from 1½% to 2% of your loan amount. We provide a detailed breakdown early in the process so there are no surprises.
Do I need to use a real estate agent?
It’s highly recommended. A real estate agent helps you navigate home buying, but we can also connect you with trusted local partners if needed.
What is mortgage insurance and do I need it?
Can I pay off my loan early?
Yes! Most of our loan options allow for early payments without penalties. We’ll help you understand the terms clearly.
How is my interest rate determined?
Rates are based on market conditions, your credit score, loan type, and down payment. We shop for competitive rates on your behalf.
What if I’m self-employed? Can I still qualify?
Absolutely. We work with self-employed clients regularly and can help you gather the right financial documents for approval.
Can I refinance my existing mortgage?
Yes. Refinancing can help lower your rate, reduce your monthly payment, or access equity in your home.
What’s the first step to getting started?
Contact us for a quick consultation or fill out our online form to begin the pre-approval process.
Do you work with first-time homebuyers?
Yes! We specialize in helping first-time buyers understand the process and find the right loan programs and incentives.
Will applying for a mortgage affect my credit score?
No credit panic needed. Our initial credit pull is a truesoft pull—so we get the info we need to give you real numbers, without leaving a mark on your score.
Helpful? Yes. Harmful? Nope.
Why should I choose DanRick Lending?
We combine expert advice with a personal, transparent approach to make home financing simple and stress-free.
What is mortgage insurance and do I need it?
Can I pay off my loan early?
Yes! Most of our loan options allow for early payments without penalties. We’ll help you understand the terms clearly.
How is my interest rate determined?
Rates are based on market conditions, your credit score, loan type, and down payment. We shop for competitive rates on your behalf.
What if I’m self-employed? Can I still qualify?
Absolutely. We work with self-employed clients regularly and can help you gather the right financial documents for approval.
Can I refinance my existing mortgage?
Yes. Refinancing can help lower your rate, reduce your monthly payment, or access equity in your home.
What’s the first step to getting started?
Contact us for a quick consultation or fill out our online form to begin the pre-approval process.
Do you work with first-time homebuyers?
Yes! We specialize in helping first-time buyers understand the process and find the right loan programs and incentives.
Will applying for a mortgage affect my credit score?
No credit panic needed. Our initial credit pull is a truesoft pull—so we get the info we need to give you real numbers, without leaving a mark on your score.
Helpful? Yes. Harmful? Nope.
Why should I choose DanRick Lending?
We combine expert advice with a personal, transparent approach to make home financing simple and stress-free.