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General Questions


Will you give me an instructions after I apply for a Loan?
Once your loan application is received, whether you apply online or by mail, you will get notification from UriBank.com that your loan is in process. Within 2 business days you will receive a loan package via U.S. mail with a set of loan documents for your signature. This mailing will also include a list of documents we will need to complete your loan application.
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What is the advantage of using Internet Mortgage?
This is a quick, effective place on the Internet where you can shop for a rate and a mortgage package from a number of lenders, find out who will qualify you at what rate, and apply for a mortgage online.
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Who do I contact for my loan information?
Once we have received your signed package and supporting documentation, you will be assigned to a single loan consultant. If you have any questions prior to returning your loan documents, please call us at (888) Uri-Bank(874-2265) between the hours of 7am and 7pm Pacific Standard Time. Please note that our loan consultants can not quote interest rates over the telephone due to state licensing requirements.
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Is it safe to shop for a mortgage over the Internet?
Applying for a mortgage is one of the most sensitive, and most personal, financial activities you'll engage in. At UriBank.com, we are dedicated to safeguarding your data. All data sent through UriBank.com are protected with state of the art technology.
We use:
* Secure Socket Layer (SSL): The UriBank.com Web server supports the Secure Socket Layer (SSL) transaction security protocol originally developed by Netscape and now largely accepted as an industry standard. This encryption protocol safeguards your data when it is passed back and forth between you and the lender.
* 128-Bit Domestic Grade Strong Encryption: UriBank.com using 128-Bit Domestic Grade Strong Encryption, the most powerful encryption commercially available for Internet products. (However, be aware that if you are using a 40-bit browser, your encryption level, while secure, is not the highest level available. United States and Canadian citizens can download free 128-bit browsers from Netscape or Microsoft.)
Any information that you provide in response to an interview question will only be sent to the lender of your choice at your request. Such lender will use this information only as directed by you.
* However, Intuit will gather registration information and usage information for UriBank.com-such as the number of consumers visiting the UriBank.com web-site and the loans that are most popular with consumers.
* While Intuit may make such generic site use data available to third parties from time to time, Intuit will not make your name and personal information available to third parties.
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Does UriBank.com share client information with other companies?
UriBank.com is committed to your right to privacy. For this reason, we do not use cookies and we ask only the minimal information necessary to quote you products with accuracy. We do not share your personal data with anyone, unless you request us to do so. Once your application is in process, you can be guaranteed that all client information will be protected. Other than those individuals who require access in order to approve your loan, you are the only person to view your data.
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Why are UriBank.com rates different from those in the newspaper?
If you compare UriBank.com loan rates to those in newspapers and other print publications, please bear in mind that the rates in these publications may have been reported one or more days ago (sometimes a week ago with a Sunday paper), and may no longer be available. * Rates on the UriBank.com web-site are compiled from national leading lenders and are constantly updated. Consumers that have loan shopped extensively have told us that we offer some of the most competitive rates around-both on and off the Web. * Note that the rates resulting from the UriBank.com pre-qualification interview are personalized according to answers given in the interview. Newspaper rates are not tailored to your individual needs and circumstances. * In any case, our rates provide a good benchmark to help you search for your best mortgage loan.
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Are the rates up to date?
Yes, the rates at Online Mortgage Explorer are updated at the same time they are announced.
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Do I need to be ready to apply for a loan now?
* No. Though UriBank.com designed to let you step easily through the process of finding your home loan in one sitting, feel free to use this site in the ways that best fit your present situation.
* At any point, you can contact one of our recommended lenders to request more information, or you can obtain and print a free, no-obligation pre-qualification letter based on the information from your loan interview.
* Although we hope you will choose to apply for a loan with one of the lenders on UriBank.com, you are under no obligation to do so. Use of UriBank.com does not prevent you from using other mortgage brokers or computerized loan origination systems in your search for a mortgage loan.
* Because your information and selection criteria will be stored with your password in our database, you can return to this site at your leisure to continue the process of obtaining your home loan.
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Can I get a loan if I live outside the United States?
Yes, as long as the property you are buying is in the United States.
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Can I lock in an interest rate online?
Yes. For a full description of UriBank.com's lock policy, please click here.
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Can I apply for a purchase loan before I've found my property?
When you apply for a purchase pre-approval you simply assume a maximum purchase price, loan amount, and loan program. Once your loan has been approved you can change any of these variables to match the specifics of your purchase transaction. Please note that we cannot lock in a loan until a property address has been specified.
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Will anyone know if I get turned down?
No, all of the calculations in the pre-qualify section are done in the privacy of your own computer. You can use this tool as often as you wish.
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On a purchase loan, will you work with my Realtor?
Yes. Since each loan is assigned to one loan consultant who works with you until you close, he or she will be able to assist you or your Realtor at any time.
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What is an Annual Percentage Rate (APR)?
The yearly interest percentage of a loan, as expressed by the actual rate of interest paid. For example: 6% add-on interest would be much more than 6% simple interest, even though both would say 6%. The A.P.R. is disclosed as a requirement of federal truth in lending statutes and should include all finance charges.
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Negatively Amortized Loans
This is a deferred interest loan that is very powerful and the most misunderstood program because of its many options. Basically, the lender allows the borrower to make monthly payments that are less than the accruing interest. Therefore, if the borrower chooses to make the minimum monthly payment, the loan balance will increase by the amount of interest not paid on the loan. The power is in the borrower's ability to choose either making the full loan payment, the minimum payment, or any amount in between. If a borrower's income varies throughout the year (commissions, bonuses, etc.), the borrower can make the lesser payment during the "lean times", and make the higher payment when funds are readily available.
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