FAQ

The Superior Mortgage TEAM Frequently Asked Questions Is the rate the same for ZERO Down loans as it is for loans that have a down payment? Most ZERO Down loan rates are about .25% higher than if you had a down payment. Can I apply On-Line? Yes, goto www.SuperiorMortgage-NM.com and click on the loan application. It is a secure web page. You may also acces my other web page for a simple application at www.Moore4YourMoney.com We can also take your application over the phone at 505-275-0200, but you must speak with Wes Moore. What kind of documentation do I need to furnish? For most borrowers, we simply need 1 years w-2's, 1 month's bank statements, and 1 month's paystubs. How Much Does it Cost To Be Pre Approved? Your Credit report ic purchased from NCO. They charge us between $18 and $65 dollars depending upon how much work they have to do to it. We pass that cost onto you. We typically receive a fee of 1% of your total loan amount, at your closing. For example, if you borrow $100,000 then our fee is 1,000. We only receive a fee if your loan closes. Many times this fee may be paid by the seller, or even financed.