Free Mortgage Approval Letter

Free Mortgage Approval Letter
You'll receive a loan decision for free if approved. We will outline details of your loan. Your free mortgage approval letter is good for 90 days. You may choose to obtain a mortgage with us at the same time. Here is why you should choose us:

• No upfront fees or deposit
• No "junk fees"
• We put everything in writing
• We are looking to benefit you in the long term
• We have many lenders to bid on your loan
• Your information is secure and private - we do not sell your information
• We can close your loan in as fast as 10 days
• We can do about any type of program and loan on the market today
• We are always here to help you with any questions or concerns
• List of documents needed. Borrower Information request form

Phone No. #: (616) 301-1811 Fax No. #:(616) 301-2447

E-mail: Rommie.Bailey@Inter-Lake-Lending.com

We run your basic information through our underwriting automated system for instant approval, interest rate, loan amount, and conditions. We have been in business for the past 19 years dealing with every type of loan possible. We specialize in creative financing (we find a way to help you benefit from the loan, at the same time, support lenders as if we were funding the loan).

Pre-qualifying is the very first step in finding a home. Pre-qualifying simply means that you have disclosed to the lender your gross income information as well as your current debts and authorization to pull your credit report. The lender can estimate what price range you can afford (See qualify calculator worksheet).

Most lenders require you to have a debt-to-income (DTI) ratio of 28%(total housing expense) / 36% (total monthly debt load), with 20% down payment, and a FICO scores 640 or higher. Today that is no longer true.

The second step is to get a pre-approval for a mortgage (rates) loan. Before looking for a home you should receive in writing a pre-approval letter. There are many ways your lender can help you structure a loan for you before you approach a realtor or seller of a home. Having a pre-approval letter can help you to negotiate a better price, seller to help with costs, or do a seller second (help with down-payment). See Michigan Mortgage Rates

We find the best interest rates on the market with the lowest costs. We are mortgage people not sales people who are trying to talk you into an interest rate and closing costs. We believe in getting the best rates from our lenders not to sell the rate to you. We pride ourselves in giving you the best possible quote over the phone or internet, that is the rate you will receive at closing, but we don't just stop there, we will keep trying to get a better rate from our other lenders.

Calculate your affordable price range and monthly mortgage payment before you look for a home. See high and low estimates of the home you can finance and find loan options that extend your affordable range. You may also call us at 616-534-3104 for assistance in determining your price range for your new home.