Q. How do I get started buying a home?
A: The first step is to obtain a pre-approval from WF &K Mortgage, Inc. 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 without 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, then appeal the decision in writing.

Q. How can I improve my credit?
A. There is no way easy way to fix your credit rating. Any delinquincies may remain on your report between 7-10 years. The first step is to request of copy of your credit report and review it carefully. If you feel that there are any charges on there that are not yours, 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. What type of mortgage best fits my financial status?
A: Depending on your yearly income is the only way you can determine your minimum monthly payments. There are ratio guidelines that analyze your expenses and those ratios can range anywhere between 28-55%

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.