What Does It Mean To Pre-Qualify For An Alternative Mortgage Loan?

Having ARC Private Lending pre-qualify you for a private money loan is the initial step in the mortgage process and it’s fairly simple. All we ask is some very basic questions about you, the property, how much you want and what you are trying to do with the loan. After looking at this information we can give you an idea of the private money loan amount for which you qualify. Pre-qualification can be done over the phone or through our online form and there is no cost or obligation involved. Getting pre-qualified does NOT include an analysis of your credit report or an in-depth look at your overall financial picture.

The pre-qualification step for one of our alternative mortgage loans allows you to discuss any goals and needs you have regarding getting a loan. With this information ARC Private Lending can explain your various loan options and recommend the loan program that will be best suited to your situation. Because it’s quick and not in-depth your pre-qualified amount is not a sure thing. This is just the first step, so get started today!

So you’re going to fill out the pre-qualification form, then what? This might be your first time getting a loan or maybe you just want to have a refresher on the process. Check out these frequently asked questions about the loan process.

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Hard Money Real Estate Loan

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