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FHA & VA Approved


Licensed by the

Pennsylvania

Department of Banking

 

 

 

Clarks Summit

 

 Office

 

251 East Grove Street

Clarks Green, PA 18411

 

570-586-3122

 

 

Hawley

 

 Office

 

2415 St. Rt. 6 Suite 102

Hawley, PA 18428

 

570-226-9685

 

 

LA MORTGAGE SERVICES

 

 

Q. How do I get started buying a home?


A: The first step is to obtain a pre-approval from LA Mortgage Services. Next we will show you a simplified step-by-step guide to buying a home. Our pre-approval process and guidance has saved thousands of dollars for our customers in comparison to those proceeding with our good advice. We will help you analyze your finances and identify a program that best fits your personal needs.

 

Q. What should I do if I get turned down for a loan?


A: Increasing numbers of loan applications are finding ways to buy their own home despite past credit problems, a lack of a credit history or debt-to-income ratios that fall outside of traditionally acceptable ranges. Ask the lender for a full explanation, and then appeal the decision in writing.

 

Q. How can I improve my credit?


A: There is no easy way to fix your credit rating. Any delinquencies may remain on your report between 7-10 years. The first step is to request a copy of your credit report and review it carefully. If you feel that there are any charges on there that are not yours, and then dispute them by calling one of the agencies listed above. If you have any outstanding accounts, we recommend you clear them up first.

 

Q. When is the best time to refinance?


A:
When rates are lower than your original loan. if you would like to use the equity that has built up in your home, if you wish to decrease your mortgage payment period, or you have an adjustable rate and you want to convert it to a fixed rate.

 

Q. What is the difference between a mortgage broker and a mortgage banker?

 

A: A mortgage broker is the middleman who helps match borrowers with lenders based on corresponding needs and standards. Mortgage brokers arrange more the 80% of all transactions between borrowers and lenders, yet mortgage bankers actually finance and distribute the largest portion of home loans compared to all other lenders.

 

Q. What does APR mean?


A: Annual Percentage Rate ( APR ) is the percentage used to figure out the total cost of your cash advance loan by taking into account all fees charged by your lender in addition to your loan principle and interest.

 

 

 

OUR FAVORITE WEBSITES

 

 

LA COMMERCIAL SERVICES:

http://www.lacommercialservices.com/

 

LA FINANCE COMPANY:

http://www.lafinancecompany.com/

 

USDA:

http://www.rurdev.usda.gov/rhs/

 

FHA:

http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/fhahistory

 

VA:

http://www.va.gov/

 

US DEPARTMENT OF BANKING:

http://www.banking.state.pa.us/portal/server.pt/community/banking_home/14319