Pre-Approval and Your Application

Maybe. If the reason is lack of stabilized income, high percentage of tenants vacating or the property is dark, property is obsolescent, borrower(s) has certain ‘issues’ or due to the areas [...]

To start the process, you are required to acknowledge that you provided us a loan application. You’ll get an email asking that you reply back to us confirming that the application is valid. That [...]

The file is electronically uploaded into a spreadsheet where we can look over the property’s cash flow and expenses to establish debt to income ratios. Next we look at property type, condition [...]

For us to quote accurate rates, we need to see the whole picture. Candidly, borrowers with poor credit, spotty tax returns and low monetary reserves are a higher risk for lenders. This may be [...]

No. The loan application is a pre-application and simply allows us to review information. We never ask for fees or supporting documentation at this juncture. Only after we review the application [...]

The pre-approval is based on the accuracy of the information you give. If the supporting documentation does not concur with the application, we may need to adjust our position. It is critical to [...]

No. Its not realistic to quote a rate without knowing all the details of a transaction, and chances are it wouldn’t be accurate without a submitted application from you. We don’t publish [...]