FAQ right frame

1. Is there a cost to apply? [ return to top ]
No. Bell Home Loans does not require an up-front fee to apply for a loan AND there's no obligation.

2. How do I find out what my interest rate will be? [ return to top ]
After completing an application, a loan consultant obtains your credit report and assesses your information, determining the products and interest rates available to you. Interest rates are determined by a number of factors including credit, equity, and income.

3. Is interest tax deductible? [ return to top ]
Mortgage interest is tax-deductible up to $1,000,000, plus $100,000 of home equity indebtedness, up to 100% of your home's value.Always consult a tax advisor regarding your particular situation.

4. How do I know if Bell Home Loans will save me money?: [ return to top ]
After reviewing your online application, a loan consultant compares what you pay now to your consolidated payment on a new loan.

5. How does the loan process work?: [ return to top ]
A loan consultant works with you to determine the products and interest rates available. After reviewing your credit report, you receivea list of documentation required to complete your loan. Once your loan is approved, we arrange for a signing agent to come to your home and have final papers signed.

6. Who should I contact once my loan is in process?: [ return to top ]
A personal loan consultant is assigned to guide you through the process.

7. Who do I contact for general information and questions on using Bell Home Loan's services?: [ return to top ]
If you have inquiries prior to filing an application, please call 1-800-BELL-YES. Our hours are Monday through Friday, 6am to 6pm PST.

8. Who is Bell Home Loans?: [ return to top ]
We've built a strong reputation as an outstanding mortgage brokerage, serving the lending needs of real estate professionals, builders, and individual homebuyers throughout the industry. Our experienced staff offers expertise in every area of lending... purchase, refinance, construction, consolidation, and home improvement.

9. How do I know that my personal information is secure?: [ return to top ]
Our web site uses Secure Sockets Layer (SSL) technology to encrypt and send personal information between your computer and our web servers. When you begin the application process, your browser is automatically set to SSL mode. In fact, you'll see a picture of a padlock near the bottom of your browser window when you click "Apply Now." The padlock tells you your connection is secure.

10. Why would I refinance my current mortgage?: [ return to top ]
Refinancing may reduce monthly payments and interest rates, and offer tax-deductibility (consult your tax advisor).

11. How much can I borrow?: [ return to top ]
In many cases, up to 125% of your home's value.

12. How much will my monthly payments be?: [ return to top ]
Use our Payment Calculator to calculate various payments.

13. In what states does Bell Home Loans do business?: [ return to top ]
You can receive a Bell Home Loan in Arizona, California, Idaho, Nevada, Oregon, and Washington.

14. What is the difference between a closed-end loan and a revolving line of credit? : [ return to top ]
Closed-end loans are best if you want a predictable, fixed rate. A revolving loan makes sense for customers who need the flexibility to borrow, without paying interest when they don't.

15. Why would I take out a Home Equity Loan?: [ return to top ]
Home improvement, debt consolidation, and/or a simple "safety net" are the most common reasons people open home equity loans or lines of credit.

16. How much equity do I have?: [ return to top ]
Use our Estimated Equity Calculator to find out.

17. What property types are eligible? : [ return to top ]
We offer home equity loans for single-family homes, condominiums, town homes, planned urban developments (PUDs), modular, mobile and manufactured homes, rural and mixed-use property. Based on your property type, certain restrictions may apply. Your loan consultant can provide details.