Frequently Asked Questions.
Where are you located?
A. We are located in Oklahoma.
How do I know that Advantage One Mortgage has the lowest rates?
A. We know that everyone wants the best rate possible, we encourage all our borrowers to shop around and then you will see that you are in fact getting the best rate. However, do your shopping in a concentrated time frame for the best comparison as rates can change daily or quicker.
Q. Do any of your loans have prepayment penalties?
A. All our posted rates do NOT have prepayment penalties.
Q. What is the usual time frame for a loan to close?
A. Most loans close within 30 days or less. Usually we will have the loan approved in 24-48 hours.
Q. Is there any up front fees to lock in or apply for a loan?
A. There are no upfront fees to lock in a loan.
Q. How do you get paid with a 0 origination fee, 0 discount point loan?
A. When you take a 0 origination fee, 0 discount point loan you are taking a slightly higher interest rate than a loan with origination fees & discount points. Advantage One Mortgage then gets paid through the secondary market.
Q. Can I submit my loan application online?
Q. Do you know if rates are going up or down?
A. There is no way to accurately predict interest rates. Trying to predict rates is very similar to playing the stock market.
Q. Do I need an appraisal if my property was recently assessed by the county?
A. Yes, we still would need an appraisal.
Q. Where will I sign the final loan papers?
A. We arrange for you to sign locally at a title or closing company.