We are providing our clients home loans with low rates and excellent service. We are specialized in more than 500+ loan programs to help people in need of mortgage loans, refinancing, and home equity lines of credit with perfect and imperfect situations. Whether you're a first time buyer looking for the most affordable option or a veteran homeowner looking to reduce your monthly payment, we provide professional consultation and free loan analysis with a guarantee to lower your payments.
Our friendly and experienced loan analysts will respond to your home loan inquiries and provide you with the best and most suitable loan option according to your home loan needs. We always call our clients right away! We understand the complexity of your needs and urgency of your loan situation and therefore we don't waste any time in quoting and presenting you with a loan situation. An experienced and congenial loan representative will call you within 1 hour of submitting your initial online application provided you apply during prime business hours.
Need to close quickly? Require a definitive loan closing date? Not a problem. We have developed a unique system to close your loan plan in the shortest time possible and we offer a complete application with disclosure forms for you to download or e-mail us in the shortest time possible. In most cases it takes just a few days to close a loan. However, we do need your commitment to provide us with all the necessary information and documentation to complete the process at lighting speed.
Occasionally, when refinancing a first trust, a borrower wants to obtain cash. They are able to do that by obtaining equity from their home. This means that a borrower can actually receive a check for an amount of money that meets those conditions. Cashing-Out is normally not limited to any type of loan program. If the value of the property is greater than the original loan, then cash may be obtained for the approximate difference. This approximate difference is the Cash Out Refinance amount.
This type of transaction is used to improve the terms of a specific mortgage; it could be to lower the rate, secure a longer fixed term, reduce the term of a loan, save money on a monthly payment or interest, eliminate escrow accounts, eliminate Mortgage insurance and many other possible reasons.
When you apply for a mortgage, we must access your credit report to know how credit worthy (or risky) you are as a borrower. Borrowers with high credit score are more likely to qualify for a larger loan, better loan options, and/or a more favorable interest rate . We’ll need your Social Security number and date of birth.
To make sure that you are able to make your mortgage payments, we need to see proof that you have a source of income. Following documents are usually required:
If self-employed or receive commission or bonus, interest/dividends, or rental income:
To qualify for a mortgage, you need to be able to show that you have some money for the closing costs. Acceptable sources of funds may come from:
The earnest money deposit is a deposit made by a buyer towards the down payment in evidence of good faith when the purchase agreement is signed. You may be asked to provide a copy of the earnest money deposit.
Homeowner’s insurance is used to verify that you’ll have sufficient coverage on the property when getting a mortgage. It covers any damages that may affect the home’s value.
Once you've begun the loan process, our loan expert will let you know exactly what documentation you'll need to get approved. If you would like to learn more about the process of getting a home loan, contact us at (786) 220-1100. We look forward to working with you soon.
Lending Bankers Mortgage LLC is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.