How do I get a mortgage?
Step One: Pre-Approval The first step towards homeownership is to talk to a lender for a Pre-Approval. RMN offers many options to best work with you and your schedule: in-person appointment with a lender, online, or via phone/email. A lender will help you determine which loan program will best suit you and your situation. In…Read More
We are a Banker NOT a Broker – So, What’s the Difference?
Residential Mortgage Network is a mortgage banker, not a broker. There are very distinct “operational” differences which impact the time it takes to obtain a loan approval, making it an important consideration to our customers and business partners. Bankers vs. Brokers A mortgage banking company “makes the loan decision” and is burdened with the risk. A mortgage broker…Read More
Closing: How Does RMN Get It Done in Less Than 4 Weeks?
Residential Mortgage Network, Inc. is a locally owned mortgage bank. What separates us from other lenders is our ability to close your loan in just 4 weeks. How do we do it? We are able to meet quick financing deadlines because we control the process! From pre-approval to loan application to processing to underwriting to closing – it’s…Read More
What FICO version are you using, anyway?
The credit scoring industry is a billion (at least!) dollar industry. Soft pull credit information is what you get when accessing credit score data from Credit Karma, Equifax, Experian, TransUnion, My FICO, the score your credit card or bank gives you, etc. A hard pull is when a lender is actually pulling a credit score…Read More
Don’t Settle for an ARM, Get Fixed Rate Condo Financing!
Financing for a condo is different than financing for a single family home or a zero lot line. For example, some lenders will only offer an adjustable rate mortgage (ARM) if you’re purchasing a condominium – which could cost you more in the long run! Discover why RMN believes in offering fixed rate mortgage for…Read More
Why Choose RMN When the Market is Hot
Why choose RMN when the market is hot?! Plain and simple: You don’t have to do our job! We are efficient, organized, experienced and we care about deadlines. From pre-approval to closing and beyond, we are here for our clients and business partners! Pre-approvals We issue pre-approvals that are solid! We require documentation up front…Read More
The Average Cost to Buy a Home in Cedar Rapids
Are you moving to the Cedar Rapids area and entering the market to find your dream home? Here at Residential Mortgage Network, we have been offering residents of Cedar Rapids home loans since 1987, and are ready to lend some guidance! A Little Background on Cedar Rapids Living Cedar Rapids is the second-largest community in…Read More
Cedar Rapids Home Loans
Residential Mortgage Network has been offering the residents of Cedar Rapids home loans since 1987. We can finance properties anywhere in Iowa and have offices located in Iowa City and Cedar Rapids. Our owner, Rick House, started the company to offer all loan options to buyers in the Cedar Rapids market. Home loan types RMN…Read More
Iowa City Home Loans
Residential Mortgage Network has been offering Iowa City home loans since 1987. We can finance properties anywhere in Iowa and have offices located in Iowa City and Cedar Rapids. Our owner, Rick House, started the company to offer all loan options to buyers in the Iowa City market. We are currently building a new office out…Read More
What to Expect at Your Closing
Once you’ve submitted a bid on a home – and had it accepted! – the hardest part of buying your new home is done. The process will take just a few weeks and we will help! But what does that mean? Your home closing is a meeting that takes place once all negotiations, paperwork, and…Read More