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At Sterling Lending Group, Inc. our philosophy is to not only build loans but build relationships, and help guide you through the steps necessary to achieve a successful Loan Transaction”
Steps to Purchasing or Refinancing a Home.
Step 1: Organize Your Finances
Your credit reports are an ongoing look at how you manage your finances. You must know exactly what your credit reports say about your financial history before you apply for a mortgage, because the reports play an important role in the mortgage approval process and in determining the interest rate and other loan terms that a lender offers you.
If you haven't looked at your credit reports, you might be surprised at their contents, because errors are common.
Step 2: Become Familiar with the Mortgage Choices
Finding the right loan is crucial to your home buying or Refinance success. Sterling Lending Group, Inc. can help you understand what is available to suit your needs. Their guidance and expertise will help you make an informed decision and they will guide you throughout the entire process.
Step 3: Get Pre-Approved for a Mortgage
Do you know how much house you can afford?
Our Pre-approval gives you that competitive edge over other house hunters. Consider this scenario. A home seller gets two similar offers. One is accompanied by a letter from Sterling Lending Group, Inc. that states he/she is pre-approved for a mortgage in the amount of the offer. The other has no supporting documents. Which offer do you think the seller will consider first?
Step 4: Determine Your Wants and Needs
Buying a home or Refinancing, isn't as difficult as you might think, even if you're short on funds, but the process will go a lot smoother if you let Sterling Lending Group, Inc. help you Prioritize your wants and needs. And If you are wanting to refinance, Sterling Lending Group, Inc. will walk you through the process, step by step.
Step 5: For new home purchase; Learn to Work with Real Estate Agents
Real estate agents represent buyers, sellers, or both--and in some states they can work as neutral facilitators for either party. It's essential to understand agent duties and loyalties before you make that first phone call.
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