LOAN OVERVIEW

Types of Real Estate Loans Credit Problems? No Problem! Why Bob Forrest?

Here are the steps of the process:

        1. See how much you can borrow, and prequalify for your loan.

Application

        2. Your loan officer contacts you promptly at the time you've indicated, and begins looking for the loan that best meets your special needs. Sometimes the best loan for you means the lowest interest rate, but often there are other factors. A higher rate can get you a lower monthly payment. There are advantages and disadvantages to larger or smaller down payments, to fixed or variable rates, to balloon payments, to 15 year or 30 year mortgages. We walk you through all the options. Your loan officer pilots your application through the process, ordering the property appraisal when needed, and so on. You'll always be in ready communication.

        3. Yes! When your loan is approved: We'll do all the coordinating to close your loan fast, and you'll sign the final papers at the escrow office.

        We will assist you in getting lower loan rates, selecting from hundreds of lenders. Lower rates can save you thousands of dollars over the years. We have no upfront fees. (As the loan advances, you will be asked to pay the credit bureau for your credit report, usually $8. After your loan has actually been approved by a lender, you'll need to pay an independent appraiser to appraise your property. But you will not pay our fee at all until the loan actually closes.) Make sure you're prequalified for your loan as soon as possible. In purchasing, your being prequalified can influence sellers to accept your offer over others. We'll update you frequently about the progress of your loan. And you can always phone or e-mail your loan officer. You'll be happy with the speed, resourcefulness and caring quality of our work.

Our Guarantee: We'll offer your loan to more lender and investor sources than anyone else! We provide written proof of our performance. We have hundreds of loan sources, both private investors in our region, and institutions nationwide.

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