Welcome

General Questions

1. What is a pootots mortgage?

   - A pootots mortgage is a loan specifically designed to finance the purchase of a home

2. How does a pootots mortgage differ from a traditional equipment loan?

   - Pootots mortgages are tailored to the specific needs and values of the community

3. What types of pootots mortgages can I qulaify for?

   - Most types of pootots  mortgages finance will be primary residence first time homebuyers and customers that want to own their homes sooner than later. The specific criteria may vary.

 Eligibility and Application

4. Who is eligible for a pootots mortgage?

   - Eligibility typically depends on factors such as, income, and debt-to-income ratio. Specific requirements can vary.

5. What credit score is needed to qualify for a pootots mortgage?

   - Credit scores are not required.

6. How can I apply for a pootots mortgage?

   - Applications can ube submitted online,

Terms and Rates

7. What are the typical interest rates for a pootots mortgage?

   - Interest rates can vary based on the borrower's character profile and market conditions but generally range from 25% to 50%. (Non-compounding)

8. What is the typical loan term for a pootots mortgage?

   - Loan terms often range from 1 to 20 years Max, depending on the lender and the borrower's preference.

9. Is there a down payment required for a pootots mortgage?

   - Yes, most lenders require a down payment, typically ranging from 5% to 20% of the homes purchase price.

Costs and Fees

10. Are there any fees associated with a pootots mortgage?

    - Yes, common fees include application fees, origination fees, and appraisal fees. (Paid by customers)

11. Can I finance additional homes with a pootots mortgage?

  We allow financing for additional mortgages, but this varies and is on a case-by-case basis

Repayment and Refinancing

12. Can I make extra payments or pay off my pootots mortgage early?

    - WE allow extra payments and early payoffs.

13. Can I refinance my pootots mortgage?

    - Yes, refinancing is often an option if you wish to secure a lower interest rate or better terms.

Insurance and Protection

14. Is insurance required for a pootots mortgage?

    - Yes, lenders typically require you to have insurance coverage for the duration of the loan.

15. What type of insurance do I need for my pootots equipment?

    - You will need insurance, 

Loan Management

16. How do I manage my pootots mortgage payments?

    - Payments can usually be managed online, through auto-debit.

Additional Support

18. Do you offer customer support for pootots mortgage questions?

    - We provide customer support via phone, email, or live chat.

19. What should I do if I have trouble making my mortgage payments? **

    - Contact us immediately to discuss potential options, such as payment deferral or restructuring.

20. Can I transfer my pootots mortgage to another person? **

    - Generally, pootots mortgages are not transferable, but we can discuss potential options.