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Mortgage Services FAQs

AAFMAA Mortgage Services

You may consider refinancing to possibly lower your interest rate and/or reduce the length of your loan. Also, you may want to refinance if you currently have an adjustable rate mortgage and want to switch to a fixed rate mortgage if you’re concerned about your current interest rate increasing. Additionally, you may refinance in order to get cash out to consolidate debts or get money for home improvements. Call (844)-422-3622 or contact us to find out more.

On a refinance, funds are normally disbursed on the fourth business day after you sign your loan documents. The entire refinancing process, from application to loan closing, may be completed in only a couple of weeks. It all depends on your specific situation. We’ll guide you through the entire process. Call (844)-422-3622 or contact us to find out more.

The first step is to complete the loan application. After completion, one of our dedicated, licensed mortgage experts will use your credit and financial information to determine which loan program is right for you. You may be eligible for a VA Cash Out loan at up to 100% of your home’s appraised value.

There may be many benefits of owning your own home. Many people enjoy the flexibility and ability to decorate and remodel the home to their tastes and needs. You have a more permanent home than renting, and you can take advantage of potentially better schools for your children. There may also be tax advantages such as being able to deduct the interest on your mortgage – but be sure to check with your tax advisor. Instead of paying monthly rent, you pay down your mortgage balance over time to create equity in your home.

Yes, you can. After you apply, your information is reviewed and a decision is then made as to whether you qualify for a mortgage to buy a home and how much you can borrow. Once you get preapproved, you can look for a new home with confidence and sellers and real estate professionals will feel more comfortable and confident when working with you. Call (844)-422-3622 or Contact Us.

To get started, Social Security Numbers for all borrowers are needed along with proof of income such as recent paystubs, W-2’s, pension statement, and/or recent annual tax returns. In addition, you will need to provide information on checking, savings, and investment accounts in addition to all of your existing debts such as credit cards and loans. For more information, please call (844)-422-3622 or contact us.

AAFMAA Mortgage Services may not be available in all states. AAFMAA Mortgage Services LLC is only available for the financing of residential property in the states of Alabama, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Michigan, Minnesota, Nebraska, North Carolina, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, and Virginia. However, we are expanding to additional states, so be sure to check back with us soon.