Deciding to purchase a house or refinance a mortgage is the largest financial decision most people will ever make. Working with an experienced and knowledgeable mortgage company can make all the difference in the process. We take pride in our personal and professional approach to mortgage lending by not just offering you, "any" mortgage loan but the "right" loan" based on your unique financial goals.
Lear Financial Group is a pricing and technology leader within the industry! Simply- we provide the best customer service experience while providing our clients with access to the lowest rates and fees available. We are Texas based, located in Frisco, a suburb of Dallas and have been advising clients for almost 20 years. We have access to over 30 Wholesale Investors and provide just about any loan product in the market!
Even though frustration may come with buying a house, you can also look forward to a huge sense of accomplishment. You didn't decide on a house that was right for anyone else - you chose the home that was right for you!
Lear Financial Group is a pricing and technology leader within the industry! Simply- we provide the best customer service experience while providing our clients with access to the lowest rates and fees available. We are Texas based, located in Frisco, a suburb of Dallas and have been advising clients for almost 20 years. We have access to over 30 Wholesale Investors and provide just about any loan product in the market!
Even though frustration may come with buying a house, you can also look forward to a huge sense of accomplishment. You didn't decide on a house that was right for anyone else - you chose the home that was right for you!
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A new survey shows that 38% of co-signers lost money because the borrower did not make payments (or make them on time).
28% experienced a decrease in their credit score.
And 26% said that their relationship with the borrower disintegrated.
In addition, credit bureaus will add the debt (of the co-signed loan) to your credit report and, in some instances, will count the debt against you if you are applying for a mortgage, a refinance or other types of loans.
Co-signing on a car loan.
Think about helping your child or relatives with a larger down payment instead of co-signing for a loan.
28% experienced a decrease in their credit score.
And 26% said that their relationship with the borrower disintegrated.
In addition, credit bureaus will add the debt (of the co-signed loan) to your credit report and, in some instances, will count the debt against you if you are applying for a mortgage, a refinance or other types of loans.
Co-signing on a car loan.
Think about helping your child or relatives with a larger down payment instead of co-signing for a loan.
Compare Rates - See how changes in your rate affect your payment for a given principal and term.
Balloon Payment - A balloon mortgage can reduce your monthly payments but may require refinancing at the end of the term.
Interest Only - Compare monthly payment amounts for an interest-only mortgage and a principal-interest mortgage.
Adjustable Rate Mortgages - Determine monthly payments and the effective interest rate (APR) for an ARM.
Mortgage Qualifier - Find out if you qualify for a given mortgage and just much you can afford, then create an amortization schedule.
Balloon Payment - A balloon mortgage can reduce your monthly payments but may require refinancing at the end of the term.
Interest Only - Compare monthly payment amounts for an interest-only mortgage and a principal-interest mortgage.
Adjustable Rate Mortgages - Determine monthly payments and the effective interest rate (APR) for an ARM.
Mortgage Qualifier - Find out if you qualify for a given mortgage and just much you can afford, then create an amortization schedule.
Compare variations on the principal, rate and term of up to four loans.
Use this calculator to see the effects of purchasing points or changing your down payment.
This calculator and others on this site are provided without warranty regarding their accuracy or applicability to your individual circumstance.
They are for your personal use and are not intended to replace professional financial advice.
Use this calculator to see the effects of purchasing points or changing your down payment.
This calculator and others on this site are provided without warranty regarding their accuracy or applicability to your individual circumstance.
They are for your personal use and are not intended to replace professional financial advice.
Are you pre-qualified or pre-approved for a loan?
Before you begin to shop for a new home, you should set up a time to meet with me so we can figure out how much you can afford.
This will put you in a better position as a buyer.
That's when it is important to understand the distinction between being pre-qualified for a loan and pre-approved for a loan.
The difference between the two terms will be crucial when you decide to make an offer on a house.
To get pre-qualified for a loan, I will collect information about your debt, income, and assets.
Before you begin to shop for a new home, you should set up a time to meet with me so we can figure out how much you can afford.
This will put you in a better position as a buyer.
That's when it is important to understand the distinction between being pre-qualified for a loan and pre-approved for a loan.
The difference between the two terms will be crucial when you decide to make an offer on a house.
To get pre-qualified for a loan, I will collect information about your debt, income, and assets.
It's virtually impossible to change your score in the time between when most people decide to buy a home or refinance their mortgage and when they apply.
So the short answer is, you really can't "on the spot."
But there are strategies you can live with to make sure when you apply for a loan your score is as high as possible.
Make sure that the information each of the three credit reporting bureaus has on you is consistent and up to date.
Order a copy of your credit report about once a year, and dispute any inaccuracies.
So the short answer is, you really can't "on the spot."
But there are strategies you can live with to make sure when you apply for a loan your score is as high as possible.
Make sure that the information each of the three credit reporting bureaus has on you is consistent and up to date.
Order a copy of your credit report about once a year, and dispute any inaccuracies.
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