Applying for a home loan can feel intimidating. There are a lot of options available to you, and the everyday person on the street doesn’t speak the complicated language most of them are written in. Thankfully, Pinnacle Lending is the full-service mortgage and loan service that can help walk you through the entire process.
Pinnacle understands that the average person is excited to start looking at properties when they are ready to purchase a home, but that’s actually not the first step of the process. Instead, a professional adviser will review your income, any outstanding debts, credit score, and ability to make a down payment to let you know how much loan you qualify for. Armed with a Pre-Qualification letter, sellers will know that you are a serious buyer who can afford to purchase a home as soon as you start looking.
If you have any questions about the mortgage process, your personal adviser can also answer them. For example, there are two types of mortgages: fixed-rate and adjustable-rate mortgages (ARMS). A fixed-rate mortgage offers price stability, so you know exactly what you have to pay every month regardless of market conditions. Both 15 and 30-year terms are available, giving Pinnacle Lending customers the freedom to select lower payments over longer-term or higher payments to pay it off more quickly.
ARMS generally start with lower interest rates than fixed-rate mortgages, but they increase with market conditions over time. There is a base rate defined in your contract that increases by a margin every year. Pinnacle can help you decide whether you will stay in a particular property long enough for the long-term price stability of a fixed loan mortgage to beat out a lower-rate adjustable option, so feel free to contact the company with any questions you have.
Similarly, Pinnacle can help you take advantage of any special programs available to you. For instance, U.S. military veterans may qualify for a VA loan guaranteed by the United States Department of Veteran Affairs. VA loans offer a number of advantages over more traditional mortgages, including lower closing costs, the option not to purchase home insurance as part of the transaction, and counseling in times of financial duress.
Pinnacle can also help you refinance the home you currently live in. There are generally three reasons to refinance: to reduce your monthly payments, to pull cash out of your home, and debt consolidation. The experts at Pinnacle Lending can help you determine if any of these options are right for you, and provide favorable terms if it is.
Likewise, Pinnacle Lending can help business owners and real estate investors secure the funding they need to pursue their dreams. For example, a hard money loan allows investors to access capital proportional to the value of the real property such as real estate. You get the freedom to pay back your loan anywhere from a few months to a few years, giving you the flexibility you need to flip an investment property before paying the principal on your loan.
Of course, every financial situation is different. While other lenders force customers to navigate complicated websites and payment calculators to attempt to figure out what works best for them, Pinnacle Lending is dedicated to providing the individualized attention that every customer deserves. Visit the company online at PLGNV.com or dial (720) 730-2085 to speak with a knowledgeable customer service representative who can answer any questions you have. Pinnacle also addresses consumer concerns on social media platforms such as Twitter, Facebook, and LinkedIn if you would prefer. Either way, you won’t regret turning to Pinnacle Lending for all of your mortgage and loan needs!