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Citizens One is a large company that offers many kinds of financial products, including home loans. Their loan options include fixed rates, adjustable rates, jumbo mortgages, FHA loans, VA loans, doctor loan programs and construction to permanent loans. Each has its own characteristics but they are all subject to evaluation in relation to your own financial situation. When a lender makes a decision about a mortgage application, they consider many basic factors: all based on your ability to repay the loan.

Navigating a Complicated Process

To ensure your loan is truly affordable, a lender will verify your employment and income. Your monthly Debt to Income ratio – your total income, minus monthly credit payments and other debts — will also be considered. However, in assessing your acceptability as a loan candidate they provide lots of educational resources to help you assess your own chances. The Citizens One Mortgage Resource Center is very helpful in both educating and informing loan seekers. There the buyer can find all sorts of useful information that describes every step of the process.

Well Designed Website

More importantly, the website is well designed to be easy to navigate. The Resource Center provides descriptions of what the borrower must provide to justify a loan. But beyond that, the website explains what the relevant factors are that the lender considers beyond the individual’s financial situation. They help their customers by providing many tools to assess your loan potential. However, the specifics are necessary to assess your actual loan potential. Even though the APR is designed to present the actual cost of obtaining financing, by requiring that some but not all closing fees are included in the APR calculation, it is important to assess the difference between upfront money and the overall cost of the loan. Comparing APRs across loan companies cannot tell you which loan to acquire without considering these factors.