Mortgage loans in hyderabad | Loans Paradise - PowerPoint PPT Presentation

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Mortgage loans in hyderabad | Loans Paradise

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Mortgage loans in Hyderabad offer the borrowers with both pre-qualification letter and pre-approval letter. Check out which one is more important to get mortgage loan easily. – PowerPoint PPT presentation

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Title: Mortgage loans in hyderabad | Loans Paradise


1
Pre-approved or pre-qualification for mortgage
loans Which is more important?
https//www.loansparadise.com
2
  • Mortgage loans are secured loans. The surety
    given for the loan can be the house which the
    borrower is about to purchase or any other asset.
    There are lenders offering mortgage loans in
    Hyderabad giving pre-approved and pre-qualified
    letters, making the process much easier.

https//www.loansparadise.com
3
  • Pre-qualifying mortgage loan
  • The pre-qualifying letter will only give the
    borrower an idea of how much of a loan they are
    qualified for.

https//www.loansparadise.com
4
  • It is based on the documents or information given
    to the lender, they will say if you are qualified
    or not.
  • The amount given on the letter or at the time of
    inquiry is not the final amount, it will differ
    when the loan is approved.
  • The financial status and other factors are not
    considered at this stage.
  • No fees is charged for getting this letter

https//www.loansparadise.com
5
  • The interest rate charged is known beforehand,
    giving the borrower an idea of his overall
    payments.
  • Few lenders charge a fee to get a pre-approved
    letter.

https//www.loansparadise.com
6
  • With either both of the letters in hand, the
    borrower can have some idea on the amount that he
    is qualified for.
  • This will make it much easier to decide upon the
    house to buy.

https//www.loansparadise.com
7
Email info_at_finfreeenterprises.com
https//www.loansparadise.com
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