Mortgage Broker Long Island, Local Mortgage Bankers - Interstate Home Loan

Mortgage Broker Long Island

Mortgage Broker Long Island2022-06-23T12:12:37+00:00

Need to get a mortgage on Long Island?

When looking to purchase a home, one of the most important things to do is to get the necessary paperwork done so that you can get a mortgage. If you need financing options on a home, or other real estate, Interstate Home Loan Center is a premier choice for home buyers on Long Island. If you’re looking to get a mortgage on Long Island, you’ve come to the right place. We make the process to get a mortgage on Long Island is easy as possible. Our team wants to ensure that you can get the home of your dreams at the most affordable price! The process of choosing a purchase loan product at the best rate and that matches your long term goals doesn’t have to be stressful. Let us help you!

Our team of experts at Interstate Home Loan Center make the home loan process as easy as possible. The process to get a mortgage on Long Island has never been easier! We will help you with the paperwork to get a mortgage pre-approval on Long Island. We will help you compare mortgage interest rates and terms and show you how those rates fit in your budget. Being able to clearly see the differences between home loan programs will allow you to choose the best one for your unique financial situation. Whether you are a first time home buyer or a seasoned real estate investor, our team has the tools and experience to get the job done.


What to know when looking to get a mortgage on Long Island?

A good credit score plays a major role in your ability to get a mortgage on Long Island. Having a high credit score tells lenders that you make your payments on time and that you don’t have a history of borrowing too much money. A low credit score makes you a riskier borrower, because it tells lenders you may have a history of mismanaging your money.

Having a higher credit score can give you access to more lender options and lower interest rates. If you don’t have as good of a credit score as you would like, don’t think that is a deterrent. At Interstate Home Loan Center, we can help you secure the home of your dreams! Another important fact to consider is your debt to income ratio. This is often referred to as DTI. An individual’s DTI is calculated by taking the total of your minimum monthly debt payments and dividing it by your gross monthly income. Lenders will also factor in your assets like savings accounts, retirement accounts and any taxable investments.

At Interstate Home Loan Center, we want our clients to have a full understanding of their financial situation. We won’t just help you get a mortgage on Long Island, we will help you secure the home of your dreams you can afford and enjoy for years to come! Any loan you agree to should align with your overall financial standing. Taking on a high monthly payment can stretch your resources and jeopardize your financial future! When you contact Interstate Home Loan Center, you can trust that you and your financial future are in good hands! Call us today and let us help you investigate your mortgage options!

Looking for a Mortgage Banker on Long Island?

Unsure if a Long Island Mortgage Banker is the best option for you? At Interstate Home Loan Center, we take pride in education our clients on their options. We are confident that after doing so, potential home buyers will want to work with a Long Island Mortgage Banker. Long Island Mortgage Bankers are knowledgeable about the industry and have the experience you need in navigating the mortgage process on Long Island. Interstate Home Loan Center is a leading Mortgage Banker on Long Island. We take pride in helping our clients secure the home of the dream on Long Island. Our love and knowledge of the neighborhood matched with our financial expertise, make us a natural choice when looking to either refinance your current loan or to obtain a new loan! We believe the knowledge is power and we want our clients armed with the information they need to make the best decision possible. Buying a home is a big financial decision. When you work with us, you will be given a Long Island Mortgage Banker that will help you every step of the way!

Mortgage Broker Vs Mortgage Banker

While either a mortgage broker or a mortgage banker can help you secure mortgage loan; there are a number of benefits of choosing a mortgage banker instead of a mortgage broker on Long Island. A Long Island Mortgage Broker can help you secure a mortgage, but it might not be a great fit. A Mortgage Broker on Long Island usually facilitates originations for other institutions. A Long Island Mortgage Broker doesn’t use their own funds. A Mortgage Broker on Long Island will often represent multiple financial institutions. A Mortgage Broker on Long Island acts as intermediaries for different financial institutions. Long Island Mortgage Brokers are paid through either a flat fee or through commission that comes from a percentage of the home loan’s value.

A Mortgage Banker on Long Island is someone who works for a lending institution. The Mortgage Banker works for the place that is funding the loan. There are number of benefits of working with a Mortgage Banker. Mortgage Bankers on Long Island have access to valuable long-term relationships. Mortgage Bankers have extensive experience with a variety of lenders, loan scenarios and payment structures. Having a mortgage banker on Long Island you can trust is essential. Mortgage Bankers are employed by a lending institution. A Long Island Mortgage Banker is paid through a salary. A Long Island Mortgage Banker will also have more control over the transaction than a broker would be able to have.

Interstate Home Loan Center is a trusted Mortgage Banker on Long Island. Getting a loan doesn’t have to be a stressful process. When you work with Interstate you are getting a trusted, well experienced team of mortgage bankers on Long Island. We have the financial experts you need. The knowledge and services we provide to every single one of our clients makes all the difference in being able to close a loan. We have the knowledge you need about the market and will guide you in each step of the process. Contact us today and let’s get the work started to make your dream of owning a home a reality!

The main reason most real estate transactions don’t close is because buyers had problems getting approved for a mortgage. Contact Interstate Home Loan Center, Long Island Mortgage broker today and let us help you secure the home of your dreams!

Still have questions? Call us today at 1-888-624-1414

Quick Quote

Interest Rates

At Interstate Home Loan Center, we take pride in offering our clients the lowest interest rates possible. Whether you are looking to purchase or refinance, the team at Interstate is ready to help you secure the best rate possible! Contact Interstate today for more details.

20-YR FIXED

5.625%

5.78% APR

Lender Fees – $995
Points – $0

30-YR FIXED

5.625%

5.76% APR

Lender Fees – $995
Points – $0

15-YR FIXED

4.875%

5.04% APR

Lender Fees – $995
Points – $0

**Disclaimer This is not a commitment to lend. Terms and conditions apply. Interest rate and annual percentage rate (APR) are for informational purposes only. Rate and APR are based on single family, owner-occupied, primary residence purchase of conforming loan sizes with 60% loan-to-value and assumes 780 FICO score. Rates are prevailing and subject to change. Call for today’s live rate.

Our Process

Securing a mortgage doesn’t have to be stressful or time consuming. We believe in full transparency, and getting your loan approved FAST! You will be able to track the status at all times while we are working to move forward on our end. Any hold up can cause you to lose out on a home you’ve put an offer in on! At Interstate, our process is seamless and best of all, quick!

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Average number of DAYS to get a loan commitment from Interstate Home Loan Center
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Average Number of DAYS to close your loan.
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Average number of MINUTES it takes to complete our loan application.

FAQs

If I have a bad credit score, can I still get a mortgage on Long Island?2022-06-23T12:13:59+00:00

The truth is that it depends on how low your credit score is. If you think your credit score may cause an issue in obtaining a loan, please reach out to our office. The team at Interstate Home Loan Center has experience is working with individuals with lower credit scores and helping them get a loan to purchase a home. Our experts can also advise you on immediate steps you can take to bring your credit score back up!

What does a Mortgage Banker on Long Island do?2022-06-23T12:09:36+00:00

Mortgage Bankers work for a financial institution and help individuals obtain a mortgage loan. Their years of experience in the industry and relationships with lenders can provide either first time home buyers or seasoned real estate investors with the tools they need to secure a loan that fits their financial goals. Contact the team at Interstate Home Loan Center to find out how our Mortgage bankers can help you in the home buying or refinancing process!

What is the best way to get a mortgage on Long Island?2022-06-23T12:07:46+00:00

It is a good idea to do some research on mortgage programs and rates. You can do most of your research on-line or by phone. Organize the necessary financial paperwork and contact the team at Interstate Home Loan Center. We can help you navigate the process of getting a mortgage on Long Island. When making mortgage comparisons, you must be sure you are comparing mortgages of similar terms, i.e. a 30 year vs. a 5 year, do the mortgages you are comparing have prepayment penalties and do they have similar rate lock durations? There is a lot of difficult jargon when it comes to getting a mortgage. Let our experts help you select the best option for you and your financial goals.

Refinance

Subtan got us a fantastic deal! He is very professional. Kept us informed the whole way through. The interest rate and the closing cost were better than expected. I would definitely recommend Subtan to friends and family members.

angelicagormandy from NY

worked with Subtan Mughal

Mario is the best of the best!

I am so glad I met Mario, he goes above and beyond to make the customer happy. He will be there from beginning to end. Any question or any problem you have he is always there to help. He made my first home buying process so easy and smooth. If you want to buy a home with no headaches and actually gets the job done fast he is your man!

shaolintiger1 from NY

worked with Mario Gonzalez

Truly amazing.

In my special situation, especially with being a first time buyer Chris, made this process the quickest and smoothest it could’ve have went. The customer service that I received was nothing less than excellent. I’m so thankful that I got to work with this lender and that this first experience for me was such a pleasant one.

abigail mcvay1134 from NY

worked with Christopher Morabito

Amazing service

After having some trouble with the first company Hunter and Interstate turned around the mortgage so fast. They answered all our questions and gave great guidance, this process was fast and painless.

Britney Forbes from NY

worked with Hunter Fields

Interstate and Hunter 10/10 – Highly Reccomend

I would recommend Interstate to anyone looking for the best rates as well as best service. Hunter was a pleasure to work with. He was always quick to respond, and whenever I was nervous about something he would always reassure me that everything would be taken care of and he was exactly right. The closing and everything from Interstate’s end went extremely smooth. We had a phenomenal rate and made the process seamless for us. I would definitely recommend interstate home loan center and ask to work with Hunter. Hunter really was the best to work with and gets the job done!! Thank you Interstate and Hunter for my amazing rate on my new home!!

Matt L from NY

worked with Hunter Fields

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