NMLS #2072896
185 Wythe Ave, Suite A2
Brooklyn, NY 11249
FAQ
Have questions? We've got answers. Get the clarity you need to move forward with confidence.
Frequently Asked Questions
Have questions? you're not alone.
Buying or refinancing a home is a big step — and it’s normal to have questions along the way. I’ve gathered the most common questions my clients ask to help you feel more informed, more confident, and more prepared. If you don’t see your question here, I’m always just a call or message away.
What’s the difference between a mortgage broker and a bank?
A mortgage broker, like myself, works with multiple lenders to offer you a wider range of loan products and interest rates. Unlike a bank that only offers its own programs, I shop for the best loan tailored to your financial goals, making the process more flexible and competitive.
How much do I need for a down payment?
That depends on the loan type and your situation. Conventional loans can require as little as 3% down, while FHA loans need just 3.5%. VA and USDA loans offer 0% down options for those who qualify. I’ll help you determine what works best for you — and what assistance may be available.
What credit score do I need to qualify for a mortgage?
It depends on the loan program.
VA loans technically have no minimum credit score
set by the VA, though some lenders look for 580 or higher.
FHA loans allow scores as low as 500
with a 10% down payment, or 580 with just 3.5% down. Conventional loans typically require a score of at least 620. I’ll review your full financial picture to find the best fit — even if your credit isn’t perfect.
Can I still get a loan if I’m self-employed?
Yes! I specialize in helping self-employed clients qualify using bank statements, 1099s, or other alternative documentation. You don’t need traditional W-2s to get approved — just a smart loan tailored to how you really earn.
How long does the mortgage process take?
On average, it takes 21–30 days from application to closing, though some loans can close faster. I’ll keep you updated every step of the way, so there are no surprises and everything moves forward smoothly.
Should I get pre-approved before shopping for a home?
Absolutely. A pre-approval gives you a clear budget, shows sellers you're a serious buyer, and can give you a competitive edge in today’s market. I can typically issue pre-approvals within 24 hours once I have your documents.
Can I refinance if I already have a mortgage?
Yes. Refinancing can help you lower your interest rate, reduce your monthly payment, tap into your home’s equity, or switch loan types. I’ll evaluate your current loan and help you decide if refinancing makes sense for you now.
What if I’ve had a bankruptcy or foreclosure in the past?
You still have options. Many loan programs offer opportunities to buy again after a waiting period, and I also offer non-QM and second-chance loans that consider your full story, not just your credit score. Let’s talk about a fresh start.