Winona Mortgage | Frequent Asked Questions

Winona Mortgage specializes in situations where a borrower’s credit is less than perfect. Even if you have experienced a foreclosure, a bankruptcy, judgments or collections we still can help you.

• Is there a way to pull money out of my home to make home improvements
or buy a car or even a camper?

Yes, it is called a Cash-Out Refinance and the interest you will pay is tax deductible.

Zero Down Mortgages are what we excel in. We can work with your situation, when other lenders cannot.

At Winona Mortgage we not only want to team together to close your initial loan, but to make such a lasting impression that you will never go anywhere else for a loan again….ever.

Good question! There are never any fees to see if you can become approved for a loan. So click on the link below to start your way to home ownership.
<<apply online>>

• I have LOTS of questions, can I count on you to help?

Yes, you can always rely on us to share our mortgage experience as well as real estate experience with you. One member of our team is actually a former real estate agent. We are here to help you every step of the way.

• Should you talk to a mortgage professional before house hunting?

Absolutely! Even if you haven't so much as picked out houses to visit yet, it's important to see your mortgage professional first. Why? What can we do for you if you haven't negotiated a price, or don't know yet how much you want to borrow?

When we pre-qualify you, we help you determine the monthly mortgage payment you can afford, and the amount we can loan you. We do this by considering your income and debts, your employment and residence situations, your available funds for downpayment and yor required reserves. It's short and to the point, and we keep the paperwork to a minimum!

Once you qualify, you receive a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), which says that we are working with you to find the best loan to meet your needs and that we're confident you'll qualify for a specified loan amount.

When you find a house that catches your eye, and you decide to make an offer, being pre-qualified for a mortgage will do several things. First, it lets you know how much you can offer. Your real estate agent will help you decide on an appropriate offer, but being pre-qualified gives you the confidence to know you can follow through.

More importantly, to a home seller, being pre-qualified is as if you walked into their home with a suitcase full of cash to make the deal! They won't have to wonder if they're wasting their time. You have the clout of a buyer ready to make the deal right now!




				FAQ: • If I have bad credit, can I still get a loan? • Is there a way to pull money out of my home to make home improvements or buy a car or even a camper? • Can I get into a home without a down payment? • How is Winona Mortgage different than any other lender? • Is there any cost to apply? • I have LOTS of questions, can I count on you to help? • Should you talk to a mortgage professional before house hunting? Answers: • If I have bad credit, can I still get a loan? Winona Mortgage specializes in situations where a borrower’s credit is less than perfect. Even if you have experienced a foreclosure, a bankruptcy, judgments or collections we still can help you. • Is there a way to pull money out of my home to make home improvements or buy a car or even a camper? Yes, it is called a Cash-Out Refinance and the interest you will pay is tax deductible. • Can I get into a home without a down payment? Zero Down Mortgages are what we excel in. We can work with your situation, when other lenders cannot. • How is Winona Mortgage different than any other lender? At Winona Mortgage we not only want to team together to close your initial loan, but to make such a lasting impression that you will never go anywhere else for a loan again….ever. • Is there any cost to apply? Good question! There are never any fees to see if you can become approved for a loan. So click on the link below to start your way to home ownership. <<apply online>> • I have LOTS of questions, can I count on you to help? Yes, you can always rely on us to share our mortgage experience as well as real estate experience with you. One member of our team is actually a former real estate agent. We are here to help you every step of the way. • Should you talk to a mortgage professional before house hunting? Absolutely! Even if you haven't so much as picked out houses to visit yet, it's important to see your mortgage professional first. Why? What can we do for you if you haven't negotiated a price, or don't know yet how much you want to borrow? When we pre-qualify you, we help you determine the monthly mortgage payment you can afford, and the amount we can loan you. We do this by considering your income and debts, your employment and residence situations, your available funds for downpayment and yor required reserves. It's short and to the point, and we keep the paperwork to a minimum! Once you qualify, you receive a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), which says that we are working with you to find the best loan to meet your needs and that we're confident you'll qualify for a specified loan amount. When you find a house that catches your eye, and you decide to make an offer, being pre-qualified for a mortgage will do several things. First, it lets you know how much you can offer. Your real estate agent will help you decide on an appropriate offer, but being pre-qualified gives you the confidence to know you can follow through. More importantly, to a home seller, being pre-qualified is as if you walked into their home with a suitcase full of cash to make the deal! They won't have to wonder if they're wasting their time. You have the clout of a buyer ready to make the deal right now! .
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		577 Huff Street \| Winona, MN