{"id":1939,"date":"2023-12-22T15:17:46","date_gmt":"2023-12-22T15:17:46","guid":{"rendered":"https:\/\/rqloans.com\/?page_id=1939"},"modified":"2024-12-03T18:05:21","modified_gmt":"2024-12-03T18:05:21","slug":"faq","status":"publish","type":"page","link":"https:\/\/rqloans.com\/en\/faq","title":{"rendered":"FAQ"},"content":{"rendered":"
<\/div><\/div>\n\n\n\n
\n

FAQ<\/strong><\/h1><\/div>\n\n\n\n

Frequent questions<\/strong><\/h2><\/div>\n\n\n\n
\n
\t\t\t\n\t\t\t\t\t\t\t\t<\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t<\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\tWhat happens if I don\u2019t\nhave three lines of credit?<\/span><\/div>

You can speak\nwith a friend, relative or an acquaintance who can add an authorized card. We\nmanage certain programs where if you\u2019ve owned an active telephone line for over\none year, you can add it to the credit.<\/p><\/div><\/div>

\t\t\t\n\t\t\t\t\t\t\t\t<\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t<\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\tIf I have\nCollections Accounts, can they be removed from my credit line?<\/span><\/div>

Of\ncourse! We would begin a revision and analysis process to help you remove those\naccounts. We also have programs like LIP which allows first time home ownership\neven if you have collections accounts.<\/p><\/div><\/div>

\t\t\t\n\t\t\t\t\t\t\t\t<\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t<\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\tCan I apply for a mortgage loan if my work permit has expired?<\/span><\/div>

You can apply as long as you have the documents to prove that your work\npermit renewal is currently being processed. We also have programs where a work\npermit is not required.
trabajo<\/p><\/div><\/div>

\t\t\t\n\t\t\t\t\t\t\t\t<\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t<\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\tIf my current income is insufficient to buy the house that I want, what can I\ndo?<\/span><\/div>

You can seek the support of family or\nFriends who do have good income and can be your co-signer and\/or adjust your\nincome.<\/p><\/div><\/div>

\t\t\t\n\t\t\t\t\t\t\t\t<\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t<\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\tEvery time I\ncheck my credit, does my credit score get lowered?<\/span><\/div>

If you are constantly checking your credit\nit does happen. It is recommended that this be done only every 120 days to avoid\naffecting your score.<\/p><\/div><\/div>

\t\t\t\n\t\t\t\t\t\t\t\t<\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t<\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\tCan\nmy part-time income also be taken into consideration to qualify?<\/span><\/div>

Yes, but only if you have been working in the same part-time job\nfor over two years.<\/p><\/div><\/div>

\t\t\t\n\t\t\t\t\t\t\t\t<\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t<\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\tWhat is the m\u00e1ximum time that I\ncan be unemployed without affecting my qualifications for buying a home?<\/span><\/div>

One\nmonth is the maximum time. However, you can also apply during this time as selfemployed.\nWe can guide you through the process step by step.<\/p><\/div><\/div>

\t\t\t\n\t\t\t\t\t\t\t\t<\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t<\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\tIf I have changed\nmy employment, does that somehow affect the process?<\/span><\/div>

If\nyou changed your employment for better income, rather than affecting you it is\nviewed favorably.<\/p><\/div><\/div>

\t\t\t\n\t\t\t\t\t\t\t\t<\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t<\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\tCan\nI add persons to the title deed even if they\u2019re not in the process with me?<\/span><\/div>

Yes you may and there is no specific limit to the members who can be registered\non the title deed.<\/p><\/div><\/div>

\t\t\t\n\t\t\t\t\t\t\t\t<\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t<\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\tAfter how many years is it\nrecommended to refinance? Are there any penalties for doing so? What is the\npurpose of refinancing?<\/span><\/div>

We\nrecommend five years after taking the loan. It is necessary to check the specific\nterms of the loan, whether there are any penalties and for what percentage.<\/p><\/div><\/div>

\t\t\t\n\t\t\t\t\t\t\t\t<\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t<\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\tCan I buy another\nhome and for it to be considered as my primary one?<\/span><\/div>

You certainly can. We just\nneed to demonstrate why this new home is going to be your primary residence,\nsuch as the benefits that it brings to you and your family.
primaria, que beneficios le trae a usted y su familia.<\/p><\/div><\/div>

\t\t\t\n\t\t\t\t\t\t\t\t<\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t<\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\tI used to have a Tax ID and now I have my Social\nSecurity. Can I buy a home with my Social Security?<\/span><\/div>

You can if we can show how in\nprevious years you made your corresponding declarations using your Tax ID.
declaraci\u00f3n correspondiente con su TAX ID.<\/p><\/div><\/div><\/div>\n\n\n

\"\"<\/figure><\/div>\n<\/div>\n\n\n\n
\n
\"\"<\/figure><\/div>\n\n\n\n
<\/div>\n\n\n
\t\t\t\n\t\t\t\t\t\t\t\t<\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t<\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\tWhat does debt renegotiation entail?<\/span><\/div>

Renegotiating debt consists of an agreement between the debtor and creditor to\nmodify the payment terms, with the main objective of extending the terms and relieve the current\nfinancial pressures.<\/p><\/div><\/div>

\t\t\t\n\t\t\t\t\t\t\t\t<\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t<\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\tWhat are the advantages of debt\nrenegotiation?<\/span><\/div>

Our company represents our clients interests before creditors, seeking\nto reduce the debt from 40-45%. The advantages include: improving the financial history,\navoiding abuses and consolidating debts into unique monthly payments.<\/p><\/div><\/div>

\t\t\t\n\t\t\t\t\t\t\t\t<\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t<\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\tWhen should I consider the option of\ndeclaring bankrupty?<\/span><\/div>

Declaring\nbankruptcy should always be the last resort. Although it may provide temporary relief, it adversely\naffects the client\u2019s financial report. It is crucial to explore other alternatives before resorting to\ndeclaring bankruptcy.<\/p><\/div><\/div>

\t\t\t\n\t\t\t\t\t\t\t\t<\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t<\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\tWhat are the benefits of debt\nrenegotiations?<\/span><\/div>

Benefits include reducing the debt, differing the monthly payments, legal representation,\ncomplete financial analysis, advice for improving your financial well being and protecting your\ninterests against any abusive intentions.<\/p><\/div><\/div>

\t\t\t\n\t\t\t\t\t\t\t\t<\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t<\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\tHow should I prepare myself for\nthe program of debt renegotiation?<\/span><\/div>

Keep a separate checking account, refrain from using credit cards after initiating the program\nand make sure that the first payment can be debited seven days after the signing of the contract.<\/p><\/div><\/div>

\t\t\t\n\t\t\t\t\t\t\t\t<\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t<\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\tHow can I get more information or clear any doubts I have about the debt renegotiation program?<\/span><\/div>

Any concerns can be directed to info@rqhelp.com<\/a> Any inquiry can be sent directly to info@rqhelp.com. Avoid listening to comments from\nother people who are not properly informed about the program and trust in the information\nprovided by our team.<\/p><\/div><\/div>

\t\t\t\n\t\t\t\t\t\t\t\t<\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t<\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\tWhat are the risks associated with\ndebt management?<\/span><\/div>

During the process, creditors may sue,\nthereby increasing the debt amount. It is crucial to carefully choose a debt management company.\nSome of them do not clearly reveal the way their program works before signing the contrac.<\/p><\/div><\/div>

\t\t\t\n\t\t\t\t\t\t\t\t<\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t<\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\tHow to avoid problems\nwhen choosing a debt management company?<\/span><\/div>

Careful selection is key. Thouroughly research the\ncompany\u2019s transparency and practices before signing a contract. Make sure you completely\nunderstand the program and how transactions will be handled.<\/p><\/div><\/div>

\t\t\t\n\t\t\t\t\t\t\t\t<\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t<\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\tWhat is the risk of facing a greater debt after hiring a debt management\ncompany?<\/span><\/div>

During the time that money is handled by the debt management company, interest and rates can\ncontinue to increase. A lawsuit by creditors could result in a larger debt. That\u2019s wh y it\u2019s essential\nto take precautions when choosing the company to avoid unpleasant surprises.<\/p><\/div><\/div><\/div><\/div>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n

\n

Glossary of terms<\/strong><\/h2><\/div>\n\n\n\n
\n
\n

Mortgage Foreclosure <\/strong><\/strong><\/h2><\/div>\n\n\n\n

The foreclosure of a mortgage is a legal procedure through which a\nbank\/lender repossesses a real estate property due to the borrower\u2019s failure\nto make payments. This process is commonly known as foreclosure of a\nhome.<\/p>\n\n\n\n

Amortization Schedule <\/strong><\/strong><\/strong><\/h2><\/div>\n\n\n\n

A plan for paying off a mortgage that shows the amount of each payment\napplied to: interest, principal, and the remaining balance.<\/p>\n\n\n\n

APR \u2013 Annual Percentage Rate<\/strong><\/strong><\/strong><\/h2><\/div>\n\n\n\n

The total annual cost of the mortgage is declared as a percentage of the\nquantity of the loan; it includes among others: the basic interest rate, basic\nmortgage insurance and the cost for generating the loan (points).<\/p>\n<\/div>\n\n\n\n

\n

Points<\/strong><\/strong><\/strong><\/strong><\/h2><\/div>\n\n\n\n

A one-time fee imposed by the lender to increase the profitability of the loan;\nOne point represents 1 percent of the loan amount.<\/p>\n\n\n\n

<\/div>\n\n\n\n

Refinancing<\/strong><\/strong><\/strong><\/h2><\/div>\n\n\n\n

The process of repaying an existing loan with proceeds from a new loan\nsecured by the same property.<\/p>\n\n\n\n

Title company<\/strong><\/strong><\/strong><\/strong><\/h2><\/div>\n\n\n\n

A company that specializes in insuring property titles.<\/p>\n<\/div>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n

\n
\n
\n

Joint Ownership<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/h2><\/div>\n\n\n\n

A form of co-ownership that gives each owner equal interest and rights in\nthe property, including the right of survivorship.<\/p>\n\n\n\n

Mortgage refinancing <\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/h2><\/div>\n\n\n\n

It consists of increasing the principal owed on the mortgage including all\ndebts and extending the amortization period to reduce the monthly payment.<\/p>\n\n\n\n

Short Refinancing<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/h2><\/div>\n\n\n\n

It is a transaction whereby the lender agrees to accept less than the total\namount owed. It allows the owner to retain ownership of the property while\nat the same time avoiding foreclosure or having to declare bankruptcy.<\/p>\n<\/div>\n\n\n\n

\n

Informal Payment Plan <\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/h2><\/div>\n\n\n\n

It is usually a short-term plan and is based on the borrower's ability to make\npayments. This program is often used when the loan is in the initial stage of\ndelinquency (30 to 60 days) and can last for 90 to 120 days. This plan can be\ndone through a verbal or a written agreement.<\/p>\n\n\n\n

Formal Payment Plan<\/strong><\/strong><\/strong><\/strong><\/strong><\/h2><\/div>\n\n\n\n

An analysis of the borrower's financial situation is made and based on the\nborrower's ability to catch up with his or her arrears, a payment plan is\nestablished to correct the delinquency. Counseling is usually offered to the\nborrower. A Formal Payment Plan is always done in writing and can have a\nmuch longer term than the informal plan. Based on the borrower's excess of\nincome over expenses, formal plans usually result in a monthly payment.<\/p>\n<\/div>\n<\/div><\/div>\n<\/div><\/div>","protected":false},"excerpt":{"rendered":"

FAQ Preguntas frecuentes Glosario de T\u00e9rminos Embargo de hipoteca La ejecuci\u00f3n de una hipoteca es el procedimiento legal mediante el […]<\/p>","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"no-sidebar","site-content-layout":"plain-container","ast-site-content-layout":"normal-width-container","site-content-style":"unboxed","site-sidebar-style":"unboxed","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"enabled","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"_joinchat":[],"footnotes":""},"class_list":["post-1939","page","type-page","status-publish","hentry"],"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false,"trp-custom-language-flag":false},"uagb_author_info":{"display_name":"admin","author_link":"https:\/\/rqloans.com\/en\/archivos\/author\/admin"},"uagb_comment_info":0,"uagb_excerpt":"FAQ Preguntas frecuentes Glosario de T\u00e9rminos Embargo de hipoteca La ejecuci\u00f3n de una hipoteca es el procedimiento legal mediante el […]","_links":{"self":[{"href":"https:\/\/rqloans.com\/en\/wp-json\/wp\/v2\/pages\/1939","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rqloans.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/rqloans.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/rqloans.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rqloans.com\/en\/wp-json\/wp\/v2\/comments?post=1939"}],"version-history":[{"count":25,"href":"https:\/\/rqloans.com\/en\/wp-json\/wp\/v2\/pages\/1939\/revisions"}],"predecessor-version":[{"id":2434,"href":"https:\/\/rqloans.com\/en\/wp-json\/wp\/v2\/pages\/1939\/revisions\/2434"}],"wp:attachment":[{"href":"https:\/\/rqloans.com\/en\/wp-json\/wp\/v2\/media?parent=1939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}