Article provided by: The Elite Team Supreme Lending – Branch 614
Purchasing a house is a dream come true for most people. Having a job and a steady paycheck comes with the desire to invest, and one such way is by buying a house. However, your paycheck may not be enough to facilitate such a huge purchase. That’s why the majority of those wanting to own homes resort to financing through mortgage loans.
When considering a mortgage loan, the first question that comes to mind is, which is the ideal lending institution that will make you the best offer? Here in Colleyville, we pride ourselves in making some of the best mortgage loan offers in Colleyville, Arlington, Bastrop, Flower Mound, Greenville, McKinney, Plano, and Sulphur Springs.
Are you looking for a Colleyville mortgage loan? At Supreme Lending, we will make your loan application process as simple as possible, and even enjoyable.
How Long Does A Mortgage Transaction Take?
Usually, a mortgage transaction takes anywhere from 14 to 21 business days to complete. At Supreme Lending, we understand that the mortgage application process might be a daunting task, which is why we’ll assist you in navigating the mortgage requirements. To advice you on the best Colleyville mortgage loan, our ELITE team performs an affordability check by looking at your basic salary, subsidiary income, bills, credit cards, and loans.
Our team highly values transparency and communication throughout the process. With in-house processing and underwriting, our application process is prompt, smooth, and friendly. To all our clients, we offer a high level of accessibility to information, helping them make sound financial decisions.
Can You Get a Mortgage Loan with a Low Credit Score?
It’s possible to get a mortgage even with a low credit score. However, you need to understand what it means to buy a home with a sub-par credit score, and the extra steps you’ll have to take to ink the deal.
At Supreme Lending, we do not discriminate against customers based on their credit score or repayment abilities. Due to the complexities involved in acquiring a mortgage loan, we encourage borrowers to ask as many questions as possible to avoid surprises along the way.
Among the things that need be clarified include the total cost of the mortgage, additional charges, fees, or penalties. As a customer, you must keep your eyes peeled for APRC (Annual Percentage Rate of Charge) which is the yearly cost of the mortgage expressed as a percentage of the total loan. If you need a mortgage loan, at Supreme Lending, our ELITE team will advise you on the best option, free of charge.
Getting A Mortgage Loan Against Your Paycheck
A regular paycheck is one of the best assurances to take a loan against. We are flexible with the terms of repayment, and we offer a variety of loan programs and options. Our interest rates are competitive, and the premiums are friendly to your paycheck.
Are you worried about the pre-cost qualification? We do not require that, neither do we ask for organization points to gauge your ability to afford a mortgage. If you want an interest-only mortgage loan, all you need is a credible repayment method in place, and you qualify for a mortgage.
Make Your Dream A Reality
Do you need a Colleyville mortgage loan? Get in touch with our ELITE team on 469.246.1100-North, or 817.424.5995-South and begin a journey towards owning the home of your dreams.