What is Simplist?
Simplist is the mortgage marketplace that finds mortgages as unique as today’s homeowners. We've developed advanced technology that searches well beyond the confines of most lenders to find mortgage options perfectly suited to you. The best part? You'll only enter your information once and get rates from a list of great lenders. Simplist is everything you need, in one place.
Why choose Simplist?
Will Simplist service my mortgage?
Does Simplist offer mortgages in my state?
Is Simplist free to use?
How can I speak with a Simplist loan advisor?
How Simplist Works
How does Simplist work?
With our advanced technology, you’ll enter your information once and get rates from a list of great lenders. Then, you'll select a loan to move forward with, track your application progress, and close on your mortgage — all in one place.
Will using Simplist affect my credit score?
What do I need to apply?
Can I get a mortgage online without talking to a human?
What if I want to talk to someone for advice?
Who can use Simplist
Who is Simplist for?
Simplist is for anyone who is considering buying or refinancing a home, and who wants the process to be much simpler. Whether you're a straightforward borrower or have a more complicated story, we pride ourselves in helping you get the best loan.
Can I use Simplist if I have bad credit?
Can I use Simplist if I am self-employed?
Can I use Simplist if I am not a US citizen?
Types of Loans
What types of loans does Simplist offer?
Simplist currently offers a variety of both adjustable and fixed rate loans for single-family homes (this includes condos, townhouses, and planned unit development) and multi family homes (up to 4 units). We offer both purchase and refinance loans.
Do you offer loans for investment properties?
Do you offer FHA loans or VA loans?
Do you offer construction loans?
Do you offer commercial loans?
Do you offer Second Mortgages or Home Equity Lines of Credit (HELOCs)?
Do you offer loans for the purchase of foreclosure or bank-owned properties
Do you refinance homes that are held in LLCs?
How does Simplist help me get the lowest rates?
There isn't a perfect lender for everyone. We recognize that you're an individual with your own unique story, and we search high and low to find you the best lender. We use technology to keep our costs drastically lower than traditional mortgage companies, and then pass on those savings to you. Our mission is to help you get the best possible mortgage at the best possible rate.
Will I get the same rate I was quoted?
How does Simplist determine my mortgage rate?
What is included in the monthly payment?
What is a 30-year fixed rate mortgage?
What is an adjustable-rate mortgage?
What is an interest-only mortgage?
What does "locking" your rate mean?
When you lock your rate, we guarantee your rate won't change for a certain period of time no matter what happens in the market. This gives you peace of mind while we work to gather all of your information and get you to the finish line.
Can I choose a different product after I lock my loan?
What happens if rates go up after I lock my loan?
What happens if my lock expires before my loan closes?
Do you recommend locking my rate?
Buying a home with Simplist
Can Simplist tell me how much home I can afford?
Yes! At Simplist, we want to help you navigate this complicated process. If you're ready to get pre-approved to buy a home, we can help you understand how much you can afford.
How much money do I need to buy a home with Simplist?
Can I use Simplist if I already have a purchase agreement?
Can I use Simplist to buy a mobile or manufactured home?
Can I use Simplist to buy a condo?
Can I use Simplist to buy a second home or investment property?
How much will it cost me to buy a home?
When will I need to pay these costs?
What are third-party fees?
Which third party fees do I need to pay?
Which third party fees does the seller pay?
Refinancing with Simplist
What kind of refinance loans can I get with Simplist?
Simplist offers two types of refinance loans: Rate & Term and Cash Out. In a Rate & Term refinance transaction, the borrower seeks to lower their monthly payment and/or change the term of their existing loan. A Cash Out refinance allows you to increase the size of your loan, and extract equity out of your home which you can then use for other purposes.
Can I get a home equity line of credit (HELOC) with Simplist?
Can I use Simplist to refinance a mobile or manufactured home?
Can I use Simplist to refinance a condo?
Can I use Simplist to refinance a second home or investment property?
How much will my closing costs total?
When will I pay fees?
What is the payoff amount of my current mortgage?
What is a pre-approval letter?
A pre-approval letter is a document Simplist provides stating the exact loan amount you're eligible to borrow based on the information you provide in your application. A pre-approval letter is always contingent on the future confirmation of your financial standing, an appraisal, and a title report. Obtaining a pre-approval letter will allow you to determine the price of the house you can afford and help you narrow your search. It can also be used to signal you're a serious buyer to a potential seller or real estate agent.
How do I get a pre-approval letter with Simplist?
How long does it take to get a pre-approval letter?
How much does it cost to get a pre-approval letter?
Is a hard credit pull required to get a verified pre-approval letter?
Why would my verified income be different to my stated income?
Why would my verified assets be different to my stated assets?
Is my data secure?
Will I have a point of contact at Simplist?
Am I committing to anything by getting pre-approved?
What do I need to do to lock my rate?
How quickly can I close my loan?
What is an escrow account?
Do I need to have an escrow account?
Can I transfer my current escrow account?
How does my credit score affect my mortgage?
All other things equal, lenders are willing to lend at a lower rate when you have a higher credit score. That said, if your credit score is lower than you thought or hoped, we're here to help you find the best possible loan for your particular circumstances.
How can I get a copy of my credit report?
What is a soft credit check?
What is a hard credit check?
What if I think my score is incorrect?
What if I don't recognize something on my credit report?
How do multiple credit checks work?
How does Simplist choose which credit score to use?
What if I am applying with a co-borrower?
Is my credit score too low to apply?
What is an appraisal?
An appraisal is an expert opinion of the value of a property based its location, condition, and specific attributes. Appraisals are conducted by independent real estate professionals, and are used to establish the current market value of the property.
Why do I need to get an appraisal?
Can I use or transfer a recent appraisal?
Can I use an appraisal company of my choice?
How long does an appraisal inspection take?
What is the difference between a home inspection and an appraisal?
How does the appraiser determine the value of my home?
If the appraised value of my home increases, will this affect my taxes?
Will I receive a copy of my appraisal?
Which home improvements add value to a home?
How will my loan be serviced after closing?
The lender will send you instructions on how to make your monthly payments within 30 days of closing, with ample time before any payment is due.
How do I make my first payment?
Can I set up automatic payments with Simplist?
Will Simplist help me if there are any concerns with my transfer?