The Loan Pre-Application is a process that borrowers use to improve their chances for a better loan. It is done before submitting to any loan application any lender.
The Pre-Application process can take just minutes to complete. It saves hours, days, and in some cases, even weeks in the quest to find and close a real estate loan.
The best rate is vital for long term loans. For short term and bridge loans, consideration such as maximum cash out, fees, and pre-pay penalties can have priority and act as the primary goal of the loan. The LoanImprove™ engine of the pre-application will show you all your possible options. It will help you decide which loan to choose.
1
The Loan Inquiry
Search and match millions of potential loan programs in real-time
2
Loan Optimization
the LoanImprove™ engine is a recommended step, but optional
3
Loan Request
A typical loan cycle starts with finding a lender, and is followed with a loan application.
Without the three steps of the pre-application, the future of your loan is at risk. According to a National Association of Real Estate Survey, most borrowers know they could have found a better loan if they only had more time to pursue it.
An incorrect selection of a lender and faulty loan application at the bottom of the loan cycle pyramid can result in a less than ideal loan or no loan at all.
Pre-application strengthens your loan cycle pyramid
Add the three pre-application steps at the bottom of the pyramid, before you select a random lender. You can expect a 20% better rate and terms, 300% saving in time, a 90% reduction of anxiety!
The Loan Request is the final step of the Pre-Application process. The results show you, exactly and in detail, what loan programs are available. You can then submit the Loan Request automatically to the most qualified lenders. Lendersa has over 1000 Lenders, and new lenders are joining every day. But you are not required to use any of our lenders. You can save and print the Loan Request to a PDF file and email it to any lender of your choice.
The Loan Request is not a Loan Application. You don’t need to enter your Social Security number, bank accounts, or any other confidential information. The lenders receiving your request will issue letters of interest, or contact you for more information. You can then review the offers and decide whether to continue with one or more of them.
You can see your chances of getting the loan by going to the Pre-Application tab and clicking on LoanScore™. There is no registration and no login needed to make inquiries. You can perform as many searches as you want for FREE. If you wish to save your profile for future requests, you can register and save your Loan Request as an Unsubmitted Request. Registration is FREE and gives you a personalized dashboard.
You will receive up to 6 proposals from 6 different lenders. The first proposal may arrive in 10-30 minutes from the time you start. (Note: if the loan is complicated, it takes longer for the lenders to reply).
Only when you are satisfied with the lender(s) and the loan program(s), will you be asked to complete a Loan Application. You will be able to convert the Loan Request to a Loan Application. Since you already entered the bulk of the information on the Loan Request, you should have no surprises and no upsets completing the loan process.
Applying for a loan is often the only way to realize projects or fulfil needs such as buying a house. However, this path to fulfillment of a desire can end up being marred by difficulties because the effort rate is not well estimated. By calculating the effort rate, you get an estimate of your or your family's ability to meet the financial obligations for which you have assumed responsibility.
Applying for a loan without being well prepared is foolish. The risk is getting a bad loan or no loan at all. Lendersa technology ensures that your application will have the best results. You start with a loan inquiry to find available programs.
If you can verify your income, you can start with our fast calculator. You will get results in a minute, and with one click switch to the full version calculator (Super Loan Integrated Qualifier). Start Now
If you are unable to verify your income, you may start with our Hard Money Calculator and then switch the full version calculator (Super Loan Integrated Qualifier) to see more options and more accurate results. Start with Hard Money Calculator
Before Pre-Application
The missing link
Pre-application Technology
After Using LendersaⒸ
Finding the best possible loan has never been simpler. With our quick, secure and simple form you can get started instantly in securing the loan you need.
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