1. Does my home have to be paid for to borrow money?

No. We can pay off your 1st mortgage, and 2nd mortgage plus any bills you may have and give you one monthly payment.

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2. Can I get cash out on my loan if I pay off my mortgage and bills?

Yes. And you can borrow up to 100 % of your equity in your home.

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3. Does my credit have to be perfect to borrow money on my home ?

No. We make loans for customers with A+ credit to being in bankruptcy.

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4. Can you pay someone out of Chapter 13 Bankruptcy?

Yes. It depends on the equity in your home. Your home cannot be included in the Chapter 13. It must be paid outside the plan to qualify.

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5. If my bankruptcy has been discharged recently, or in the past, can I still borrow money on my home?

Yes. It depends on many factors, but, in most cases, you can still borrow up to 80 % of the value of your home.

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6. What counties of Georgia and Florida do you make loans in?

We make loans in all counties of Georgia and Florida .

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7. What types of property do you mortgage?

We make loans on brick, frame, and double wide mobile homes with land.

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8. Do you make land loans?

Yes, but, we make loans on farms and acreage tracts. We do not make loans on small lots, etc.

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9. Do you make commercial loans?

Yes, We have funds available for strip malls and certain types of properties. Certain restrictions apply on these type loans. Call us for more information.

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10.. Do you do construction loans?

Yes, we do constructions loans, only in Bibb County in the State of Georgia. .

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11. Do you lend to senior citizens?

Definitely. We do not discriminate due to age, race, color, gender, or national origin.

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12. Can I borrow money to improve my home?

Yes. We have home improvement loans for just about anything you want to do to your home.

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13. What determines the rate on my loan?

Credit, income, and job stability. In many cases, FICA or Beacon scores will determine a direction.

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14. What does it take for me to get started?

About 5 to 10 minutes maximum for an application. Once the application is taken, we can give you an answer in less than 15 minutes in most cases.

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15. Who supervises Concord Mortgage Inc. for meeting strict lending guidelines?

The Georgia & Florida Departments of Banking..

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16. Do you make log home loans?

Yes. As long as the appraiser can find comparable sales of log homes in the same area the subject home being financed is located .

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17. What determines what rate Concord Mortgage will charge on my loan?

When a person deals with their bank, they get that banks rate, and that banks rate only. When someone calls Concord Mortgage for a loan, we have a minimum of 5 top investors that deal in real estate loans nationwide, thereby giving you the absolute best chance to obtain a fair rate on the market.

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18. Should I pay off my credit cards and use the equity in my home to do so?

Definitely. If you do some simple math on how long it takes to pay off a credit card balance, paying the minimum payment, it will shock you. Using a $3000.00 credit card balance at 12 % interest with a minimum of $50.00 per month payment, it will take you at least 7.67 years to pay it in full. How long would it take to pay off a balance of $10,000.00?

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19. Does it cost me anything to apply to Concord Mortgage for a loan?

No. Only the time it takes us to take an application. There are no up front fees on our loans

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20. What is the length of time it takes for Concord Mortgage to process and close my loan?

In most cases about 15 days. This depends on the appraiser and attorney.

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