Aside from the traditional way of applying for a home loan in brick and mortar establishments of banks and other financing companies, you can now apply for a home loan online.
Are you looking for a way to apply for a home loan?
One possibility is to avail of online home loans. There are no monthly payments and low flexible rates which means additional savings for you. You can look for commercial banks and financing firms which will respond to your application through an online representative. This person will help you by making a computation of the amount that you can borrow and speed up the application process. Majority of mortgage lenders depend on the information that you will disclose through the application form about your financial status.
Guide to Securing a Home Loan
If you want to get a home loan, make sure to declare your real income figures which can be confirmed by the bank or lending company. When revealing information about monthly payments for credit card bills, list down the minimum payments only. A good number of creditors have the tendency to offer more reasonable terms and interest rates to borrowers who live in their homes and do not rent it out to tenants. This information should be divulged to the lender. Refrain from making significant changes in your financial condition after you have applied for loans in New Orleans. As a rule, credit companies’ check on information contained in your application form before any loan is approved. Any changes in your financial conditions can disrupt the process.
Where to Get a Home Loan
The following is a list of banks, credit unions and private lending firms in New Orleans:
AmSouth Bank (New Orleans Metro Area) – This bank provides personal, small business, and commercial banking across the south eastern portion of the U.S.
ARM-A Residential Mortgage Company Metairie – It is based in Louisiana and works with various investors to help locals obtain mortgages. It offers online applications and a full line of mortgage services.
Avenue Mortgage New Orleans – This local company has been in the home loan industry for more than 20 years.
Bourgeois and Associates Mortgage New Orleans Gretna – It is engaged in buying properties, refinancing, mortgage or cash out on home equity. It is one of mortgage companies in NOLA which offers services online.
Chase Bank New Orleans Metro Area – This national bank in New Orleans offers personal banking, mortgage, credit, investment, business, and online services.
Dryades Savings Bank New Orleans – It is a New Orleans-based community bank that offers online services for banking, mortgages, and home loan refinance.
Essential Mortgage Company – Metairie – Essential Mortgage will help you find the right loan with low rates and closing costs. This mortgage company specializes in first-time property buyers, bond loans, traditional loans and refinancing.
Fidelity Homestead New Orleans Metro Area – It offers online banking, services information, and internet specials.
Fifth District Savings and Loan (New Orleans – Westwego – Marrero – Mandeville) offers mortgage loans, mutual funds and competitive rates.
First American Bank and Trust (Metairie and River Parishes) – It is a banking tradition since 1910 and offers online services, locations and information.
First Bank & Trust Online (New Orleans – Metairie – Kenner – Harvey – Chalmette) – It is a full service New Orleans area bank that provides outstanding service and products to the small business community.
First National Bank USA (Metairie – La Place – Norco – Hammond) – The First National Bank is a New Orleans areas banks with branches in the metro area. It is a full-service bank that offers online services.