2. Do I have to own a home to get a loan?

3. What states do you do business in?

4. After I apply for a loan, what should I expect?

5. Can I get a Personal Loan from your company?

6. Are the interest rates at New York Mortgage Loan really that low?

7. Has New York Mortgage Loan provided a secure environment for applying online?

8. I've had past credit problems, will I qualify for a loan?

9. Should I apply online or by phone?

10. Why is it that New York Mortgage Loan is not concerned with my credit history?

11. Does New York Mortgage Loan share client information with other companies?

12. Is there a cost to submitting a loan application?

13. How is applying online different from a regular application?

14. Will I have to pay up front fees?

15. Do I need to go to your offices and fill out lengthy paperwork to get my loan?

16. Can I use cash from the home equity loan for any purpose?

17. Can I receive a home equity, refinance or debt consolidation loan if I currently have a mortgage(s)?

18. Can I qualify if I'm self-employed and do not show a lot of income on my tax returns?

19. Is the interest on my loan tax deductible?

20. Once my online application is approved, how long before I actually receive my money.

Answers to common questions

1. Who do I contact for general information and questions before I submit my online application?

A. If you have any questions prior to submitting your online application, you may always call us, however, we recommend that you first review all the questions and answers contained within this page. More than likely, you will find the answers to your questions here. If you are still unable to find the answer to your specific question, you may simply include your question in the "comments box" provided on our easy 2 minute secure online application This is the fastest way to get your answer and get pre-qualified at the same time.

2. Do I have to own a home to get a loan?

A. Yes and No. If you are seeking a Home Equity, Debt Consolidation or Refinance loan, then home ownership is definitely a requirement. However, if you are looking to buy a home and would like to qualify for our Purchase / First Mortgage loan, you do not currently have to own a home to do so.

3. What states do you do business in?

A. New York Mortgage Loan can help customers in all 50 states!

4. After I apply for a loan, what should I expect?

A. Once your secure online application has been received, you will get notification from New York Mortgage Loan that your loan application is being reviewed, and we will have an answer for you in as little as thirty minutes.

5. Can I get a Personal Loan, from your company?

A. No. Unfortunately we currently do not offer personal loans as an option.

6. Are the interest rates at New York Mortgage Loan really that low?

A. Yes, they are! Your specific low interest rate depends on factors such as the type of loan you desire, the amount of equity in your home, and your credit report. To find out the low interest rate you will receive, apply online right now to receive your pre-approval by email within as little as thirty minutes. Or, call our friendly loan professionals toll-free at New York Mortgage Loan to receive pre-approval by phone in as little as 30 minutes!

7. Has New York Mortgage Loan provided a secure environment for applying online?

A. Yes, New York Mortgage Loan provides SSL encryption on our online application. However, if you prefer to leave out any personal information while filling out the online application, please feel free to do so. There is sufficient time to obtain account details once your application is in process.

8. I've had past credit problems, will I qualify for a loan?

A. Yes! We have loan programs to fit almost any situation regardless of past credit problems. Bankruptcies, judgements and tax liens...etc, will not prevent our loan experts from helping you obtain approval for the low interest loan that you deserve. Even if you are in foreclosure, there is a good chance that we can help you.

9. Should I apply online or by phone?

A. Whether you apply online or by phone, both are simple and free! Our website offers you the convenience of submitting your application online at your own pace. Please note: applying online does not mean that you won't have the opportunity to speak directly to one of our trained loan specialists. In fact, submitting an online application will actually assist in expediting the loan process. Necessary information will already be available to the loan specialist handling your request, that would otherwise have to be taken via telephone.

10. Why is it that New York Mortgage Loan is not concerned with my credit history?

A. New York Mortgage Loan bases loan applicant approval on the available equity in your home, not your credit history.

11. Does New York Mortgage Loan share client information with other companies?

A. New York Mortgage Loan is committed to your right to privacy. We do not share your personal data with anyone, unless you request us to do so. Once your application is in process you can be guaranteed that all client information will be protected so that you are the only person to view your data, along with only those individuals requiring the information to approve your loan.

12. Is there a cost to submitting a loan application?

A. Please be assured that you will not incur any charges by submitting a loan application. The process is 100% free.

13. How is applying online different from a regular application?

A. Applying online with New York Mortgage Loan gives you the convenience and comfort of transacting your business wherever you are and at your own pace.

14. Will I have to pay up front fees?

A. No. There are absolutely no upfront fees at New York Mortgage Loan. We even give you a free monthly savings analysis to help show how much you'll save, and we provide a free credit check to get your approval started.

15. Do I need to go to your offices and fill out lengthy paperwork to get my loan?

A. No. Your application, your approval, and signing of final documents are all done from the comfort of your own home. It's simple and free!

16. Can I use cash from the home equity loan for any purpose?

A. Yes, in most cases you can use your loan for any purpose. Consolidate your bills, make home improvements, take a vacation, buy a car or boat, start a new business... it's up to you!

17. Can I receive a home equity loan, refinance loan or debt consolidation if I currently have a first and/or second mortgage on my home?

A. Yes. New York Mortgage Loan can offer all three types of loans, even if you currently have an existing first and/or second mortgage.

18. Can I qualify if I'm self-employed and do not show a lot of income on my tax returns?

A. Yes. We have several loan programs where your income does not require verification.

19. Is the interest on my loan tax deductible?

A. Yes, in most cases. However, we advise you to speak to a tax consultant regarding your specific situation.

20. Once my online application is approved, how long before I actually receive my money?

A. In most cases New York Mortgage Loan can provide the money you need within 5 business days, or even in as little as 48 hours when possible.