[et_pb_section fullwidth=”on” specialty=”off” inner_shadow=”off” parallax=”off” background_color=”#9c9f84″ transparent_background=”off” allow_player_pause=”off” parallax_method=”off” background_image=”https:\/\/cdn.wallindermortgage.com\/wp-content\/uploads\/2015\/03\/logo-box-only.jpg”][et_pb_fullwidth_header admin_label=”Fullwidth Header” title=”Wallinder Mortgage Loan Basics” background_layout=”dark” text_orientation=”center” subhead=”Your Home Town Mortgage Store\u00ae” \/][\/et_pb_section][et_pb_section fullwidth=”off” specialty=”off”][et_pb_row][et_pb_column type=”1_2″][et_pb_text admin_label=”Text” background_layout=”light” text_orientation=”left”]<\/p>\n
Almost all home loans are now first approved by an underwriting automated system. These systems give you your credit report and approval, at the same time…you can be credit approved at application! But, if you don’t fit into the lending “box”…been in your job over 2 years, have cash in the bank, have perfect credit, and are not buying the perfect home, the automated system may not like what it sees and deny your loan. This does not mean you can’t get a home loan!<\/strong><\/p>\n We advise all future Home Buyers to get Pre-approved for your home purchase …even if you can’t buy today<\/strong>… find out what you need to do, so you can buy! Pre-approvals are good for 120 days. If you need to save money, find out how much you need. If you have credit problems, find out what you need to “fix”. \u00a0 Fill out an application today so we can get started!<\/p>\n Get your FREE credit report at\u00a0annualcreditreport.com<\/a><\/strong><\/p>\n Here’s how to contact three major credit bureaus:<\/p>\n Atlanta, GA 30374-0241<\/p>\n 800-685-1111<\/p>\n www.equifax.com<\/a><\/div>\n\t\t\t\t<\/div> Allen, TX 75013-0949<\/p>\n 800-682-7654<\/p>\n www.experian.com<\/a><\/div>\n\t\t\t\t<\/div> Springfield, PA 19064-0390<\/span><\/p>\n 800-888-4213<\/span><\/p>\n www.tuc.com<\/a><\/div>\n\t\t\t\t<\/div><\/span><\/span><\/p>\n Why your credit report is so important<\/strong><\/p>\n Lenders evaluate your request for a mortgage in light of the risk they take by funding your mortgage. In particular, lenders look at these aspects of your credit record:<\/p>\n Other factors considered by a lender<\/strong><\/p>\n The stability of your job and the price of the house are major factors in the equation. Your ability to make your down payment and cover closing costs also is evaluated. If your credit score and other aspects of your file meet or exceed what the lender expects, loan approval can be almost automatic, considerably speeding up the closing process. That is one reason why credit scores are so important in the mortgage industry — the more they process can be objective, the faster and more efficient the process becomes. Ultimately, that translates into less cost to you, the consumer.<\/p>\n We have answers for all your questions! We would be delighted to advise you about questions concerning your personal financial situation so you can buy the home of your dreams. Contact Wallinder Mortgage Brokers today<\/a> \u00a0— we’ll respond quickly and professionally to help you protect your best interests right through closing!<\/p>\n [\/et_pb_text][\/et_pb_column][et_pb_column type=”1_2″][et_pb_cta admin_label=”Call To Action” title=”Get an Interest Rate Quote” button_url=”http:\/\/wallindermortgage.com\/get-rate-quote\/” button_text=”Get a Quote” use_background_color=”on” background_color=”#801a41″ background_layout=”dark” text_orientation=”center”]<\/p>\n Click here to\u00a0get an Interest Rate Quote!<\/p>\n [\/et_pb_cta][et_pb_text admin_label=”Text” background_layout=”light” text_orientation=”left”]Equifax<\/span><\/span><\/h3>\n\t\t\t\t\t
Experian<\/span><\/span><\/h3>\n\t\t\t\t\t
Trans Union Corp.<\/span><\/span><\/h3>\n\t\t\t\t\t
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Mortgage Calculator<\/h3>\n