Advantages of Getting Prequalified
Outstanding Benefits Of Getting Pre-Qualified
When you’re planning to buy a house, the starting point before having a loan is getting prequalified – before you start looking for a house. Prequalification begins with the credit procedure. You’ll carry your credit, earnings, resources and financial obligations so The Lending Group Company can give you a quotation of the dimension and actual amount of loan which you are able to repay in that estimated period of time. There is never an actual cost to get prequalified with Lending Group Company.
How Do You Know That You’re Prequalified For A House Loan
- You will save your time and money by only looking at homes that suits your budget.
- An ideal offer can be made on the same day to find your perfect home.
- The house seller can anticipate less setbacks or delays with your house offer, making your house ownership deal more powerful and attractive.
- Sellers are likely to offer you best possible house deals available in the town and allowing you with an outstanding purchase and negotiating power
- A property owner or a real estate broker will shift faster understanding you are pre-qualified and are willing to purchase that home
What’s The Major Distinction between Prequalification And Conventional Approval
Prequalification is depending on a “review” of your earnings, credit and debts details. A conventional approval merged after all your provided details and information is “verified” and “approved.” It usually requires more time to acquire, but it’s a phase better than prequalification. The biggest level of actual approval you can have, it gives you even higher negotiating energy because suppliers know your purchasing offer will likely to close near without problems or wait. When you are already prepared to buy that home, you’ll have less documentation and your loan will be approval in short time as compared with other procedures.
What’s The Lending Group Company Flat Rate Feasible Option
When you get an approved accepted mortgage loan, basically the terms are based on specific, agreed-upon terms and at a specific interest rate. In most of the accepted loan agreements, this amount is “locked up,” means that it won’t change even if the market prices go higher or lower. If they go down, which could save you a lot of money, you have the potential and have the right to not accept the loan. But that can mean starting over with another mortgage lenders group, potentially losing the house at which you have made an offer at.
The lending group company’s flat house loan choice is a way to get a minimum and reduced amount of interest if the prices go lower after you lock your actual amount. There’s all the possible ways and estimated fees attached to this choice, but it can be a wise idea if you plan in advance to get prequalified and not to make any purchase immediately.
Finding the best mortgage loans; we can help you out.
Nature Of Business and services : We specialize in: PURCHASE – REFINANCE – CASH OUT -DEBT CONSOLIDATION – HOME EQUITY LINEs OF CREDIT.
We are a full service Direct Mortgage Lender. We lend on Residential and Commercial Real Estate. (we *do not* do personal loans) we specialize in Fast Closings, Low Down Payments, Unique Loan Programs, High Loan To Value Cash Outs and the Lowest Rates on the Market Guaranteed! We cater to First Time Home Buyers, Realtors, Real Estate Investors, Refinance Customers (Example: Lower you Monthly Payment and Interest Rate). Debt Consolidation for Existing home owners.
*Product Types*: Conventional Mortgages, Home Equity Loans and Lines of Credit, FHA Home Loans (Including 203k), USDA Home Loans, VA Home Loans(for Veterans Only), No Income Loans, Sub Prime and Less Than Perfect Credit Loans, Commercial Loans, Construction Loans, Fix & Flip Loans. Lending Group Company was established In 2013 with a combined group experience of over 60 years. The Lending Group Company ®, Home & mortgage Loans ®, Mortgage Loans refinancing ® all of these are registered trademarks, or service marks of “THE LENDING GROUP COMPANY ® ” You may not use, display or recreate them without the prior written approval of THE LENDING GROUP COMPANY. You may not remove, modify , or otherwise change any trademark, signature, privacy or other exclusive privileges rights shown on, included in, or otherwise showing in any Content provided by, considered on, or obtained through this site. All other images recognized and included herein are the property of their specific owners and their use herein doesn’t mean support or approval of their products or services.