Mortgage Rates

World Mortgage Corp offer customized solutions for every residential mortgage financing situation, for all credit grade borrowers.

15 yr fixed -- 4.25
30 yr fixed -- 5.06
5/1 ARM -- 3.38

Pay Day Loan

If you are dealing with a monetary emergency, financial opportunity that cannot wait, or need for cash right now we have a solution for you.
Common Questions

Common Questions

What is the difference between pre-approval and pre-qualification?

The pre-approval process is much more complete than pre-qualification. For pre-qualification, the loan officer asks you a few questions and provides you with a pre-qual letter. Pre-approval includes all the steps of a full underwriting approval, except for the appraisal and title search. Both can put you in a better negotiating position, much like a cash buyer.

When does it make sense to refinance?

Usually people refinance to save money, either by obtaining a lower interest rate or by reducing the term of the loan. Refinancing is also a way to convert an adjustable loan to a fixed loan or to consolidate debts. The decision to refinance can be difficult, since there are several reasons to refinance. However, if you are looking to save money, try this calculation:

1. Calculate the total cost of the refinance
2. Calculate the monthly savings
3. Divide the total cost of the refinance

(#1) by the monthly savings.
(#2) This is the "break even" time. If you own the house longer than this, you will save money by refinancing.



Since refinancing is a complex topic, consult a mortgage professional.

What is a rate lock?

A rate lock is a contractual agreement between the lender and buyer. There are four components to a rate lock: loan program, interest rate, points, and the length of the lock.

We work to get you the best loan possible. Our qualification process is simple and fast!

 
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