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We will review your loan file to determine which lenders to shop with and find the best terms for your loan. After shopping for your loan with our lenders, we'll present your different loan options, and you will determine which one benefits you the most.
The letter of interest will be issued by the lender confirming the loan terms. This is not an approval; it's an official term sheet often containing a rate lock clause.
The rate lock is usually good for 60 – 90 days and requires a deposit, as well as a deposit for appraisal and environmental and structural inspections. The Letter of Interest can be considered a conditional approval depending on what it's subject to. This is where we use our experience to advocate on your behalf with the lender. We confirm their commitment level, so there are no incorrect assumptions before paying for appraisal or other inspections.
This is often known as the final approval. At this point, the lender has completed the review of the borrower and the property and determined that all requirements of the lender are satisfied. In commercial lending, the loan commitment can take around 30 to 90 days to obtain.
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We want to give you 10% discount for your first order,
Use discount code at checkout
We want to give you 10% discount for your first order,
Use discount code at checkout