Q. How long will it take to close my loan?
A. Generally it takes between two and five weeks from start to finish closing any loan or refinancing.
Q. What is an ARM?
A. ARM stands for Adjustable Rate Mortgage. It means that at some point during your loan your rate will change. ARM programs can be a very good option for many people. Make sure you fully understand the start rate, the margin, and the ceiling of the ARM before you decide that it is for you.
Q. Why choose Ateev Mortgage?
A. Ateev Mortgage is a mortgage broker. This means that we can get you quotes from many of the top wholesale lenders in the country. We then help you choose which lender can offer the program that best fits your needs. We are experienced and want to get you the best rate and lowest payment.
Q. What documents will I need to provide?
A. It varies from case to case, but most often you need to provide W2’s or tax returns, and recent pay stubs. The loan officers at Ateev are trained on how to get most of the documents that are needed, speeding up the closing process.
Q. What is a wholesale lender?
A. A wholesale lender is a lender who offers wholesale rates, generally 1/4% to 1/2% lower than banks. Wholesale lenders are large lending institutions that generally only loan money for mortgages.
Q. Can you help me with a mortgage outside of California?
A. Ateev Inc is licensed in California. That means we are able to help you with all of your mortgage needs in California. If you need a residential mortgage in a different state that requires residential mortgage brokers to have a license we will not be able to help you. Some states do not have this requirement. Most states have no licensing requirements for commercial loan brokers, and we would be happy to work with you. Call Chhaya at 510-661-2747 for information on commercial loans.