| Q. |
Why should I apply for a mortgage with Direct Commercial Lenders? |
| A. |
Direct Commercial Lenders opens up a wide range of lending opportunities not specific to just one set of guidelines. |
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| Q. |
How much of my time will the process require? |
| A. |
In most cases an initial meeting to determine your objectives and gather information is all you need to do until you and your loan specialist analyze your approvals. |
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| Q. |
Do I have to bring mounds of paperwork just to obtain pre-approval? |
| A. |
No. A minimal amount of information is required for the initial meeting and all supporting documentation can be obtained after your pre-approval status. Accountants and office staff can provide supporting documentation to your loan specialist with your permission. |
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| Q. |
Do I have to wait 4 to 6 weeks just to find out the loan I’m seeking never had a chance? |
| A. |
Absolutely not. Direct Commercial Lenders will do a pre-screen of your loan scenario and in most cases within 1 week let you know if we can proceed to a pre-qualification approval. |
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| Q. |
How much will it cost me to obtain pre-approval? |
| A. |
A $300 application fee that will be credited back to you at closing. No other fees are incurred until a contingent approval is issued and accepted. |
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| Q. |
How is Direct Commercial Lenders different from my bank? |
| A. |
At Direct Commercial Lenders our two main goals in any transaction are 1) to create a competitive environment that forces capital sources to compete for the borrower’s loan; and 2) to manage the transaction work flow so borrowers can focus on executing their business plans. |
