WHO WE ARE
Total Choice Corporation is a six year old, non-traditional private lending source for your real estate needs, residential and commercial. Total Choice is focused on providing high-quality service
and customer satisfaction – we strive to go beyond your
expectations. We are a team of consultants working directly with private
investors, aspiring investors and perspective home owners.
Our program is not based on credit or credit scores like traditional banks. It does not matter if you recently had a foreclosure or some other challenges, late payments, charge offs, collections. Total Choice does not charge the excess fees that traditional loans incur. We will assist you in increasing your credit score for your new financial future. We have less than ten requirements to be considered for participation in our program. We keep it simple.
Most of our partners have a background in the mortgage business, banking and sales with greater than 15 years of experience. We haven’t had any foreclosures because our loans are assumable, rates are fixed,we only allow you to buy what you can afford. We would welcome the opportunity to earn your trust and deliver you the best service in the industry.
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Our program is not based on credit or credit scores like traditional banks. It does not matter if you recently had a foreclosure or some other challenges, late payments, charge offs, collections. Total Choice does not charge the excess fees that traditional loans incur. We will assist you in increasing your credit score for your new financial future. We have less than ten requirements to be considered for participation in our program. We keep it simple.
Most of our partners have a background in the mortgage business, banking and sales with greater than 15 years of experience. We haven’t had any foreclosures because our loans are assumable, rates are fixed,we only allow you to buy what you can afford. We would welcome the opportunity to earn your trust and deliver you the best service in the industry.
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Frequently Asked Questions
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WHAT IS A MORTGAGE? A mortgage is a loan obtained to purchase real estate. The “mortgage” itself is a lien (a legal claim) on the home or property that secures the promise to pay the debt. All mortgages have two features in common: principal and interest. _
What does my mortgage cover?
Answer: Most loans are comprised of four components
WHAT RESPONSIBILITIES DO I HAVE DURING THE LENDING PROCESS?
To ensure you won’t fall victim to loan fraud, be sure to follow all of these steps as you apply for a loan:
WHAT IS A MORTGAGE? A mortgage is a loan obtained to purchase real estate. The “mortgage” itself is a lien (a legal claim) on the home or property that secures the promise to pay the debt. All mortgages have two features in common: principal and interest. _
What does my mortgage cover?
Answer: Most loans are comprised of four components
- Principal- the repayment of the amount you actually borrowed
- Interest- payment to the lender for the money you’ve borrowed
- Homeowners insurance- a monthly amount to insure the property against loss from fire, smoke, theft, and other hazards required by most lenders
- Property taxes- the annual city/county taxes assessed on your property, divided by the number of mortgage payments you make in a year. Most loans are for 30 years, although 15 year loans are available, also. During the life of the loan, you’ll pay far more in interest than you will in principal – sometimes two or three times more! Because of the way loans are structured, in the first years you’ll be paying mostly interest in your monthly payments. In the final years, you’ll be paying down principal.
WHAT RESPONSIBILITIES DO I HAVE DURING THE LENDING PROCESS?
To ensure you won’t fall victim to loan fraud, be sure to follow all of these steps as you apply for a loan:
- Be sure to read and understand everything before you sign.
- Refuse to sign any blank documents.
- Do not buy property for someone else.
- Do not overstate your income.
- Do not overstate how long you have been employed.
- Do not overstate your assets.
- Accurately report your debts.
- Do not change your income tax returns for any reason.
- Tell the whole truth about gifts.
- Do not list fake co-borrowers on your loan application.
- Be truthful about your credit problems, past and present.
- Be honest about your intention to occupy the house.
- Do not provide false supporting documents.