If you’re reading this, chances are you are looking for a loan. Hardly a day goes by that you don’t hear a story on TV or read a newspaper article about interest rates rising, home foreclosures increasing, and ma
ny people not knowing from one day to the next if their home ownership is in jeopardy. What’s going on in the mortgage market? And how does it affect you? If you’d like answers to those questions, have concerns about your home or mortgage, or just want some honest, up-to-date information, please give Meridian Lending Partners a call. As your Mortgage Consultants For Life, we are here to take the mystery out of the mortgage market, answer your questions, and “pilot” you through the turbulence of financing or refinancing your home. And if you’re receiving mortgage solicitations in the mail and on the phone and need some help understanding them, we welcome the opportunity to act as your interpreter and give you the facts.
What does our commitment to personal service mean to you? It means our entire team focuses on you and your goals. We take the time to show you all the other "gotchas" which can overshadow teaser rates.
Not sure if you can afford your dream house? Neither did Jim and Marie who owned a condominium in Uptown.They had a baby girl several months ago and wanted to move to a home with a private backyard in Richardson, but didn't know if they could afford it. They learned about more than 130 home loan options that Meridian Lending Partners had to offer. They selected the home loan that best fit their needs and were pre-approved for a loan in less than five days. They were referred to one of our Realtor Partners, who put their condo on the market, sold it for top dollar in 10 days, and found them a wonderful home with a fenced-in backyard with three mature maple trees. It was exactly what they had imagined for their new family – and they just moved in last week!
Have questions about your credit? In the first few years that Chad
lived on his own, he racked up a hefty credit card debt and really damaged his credit score. But that was four years ago. He’d since changed his fiscal habits and was completely debt free. However, because of his credit history wasn’t certain he’d qualify for a home loan without paying a high interest rate. Chad’s brother recommended Meridian Lending Partners' services and during the initial consultation, we spoke in depth about his current financial situation and credit history. After consulting our Credit Repair Consultant and running his information through our computers, we found that he qualified for a particular low-interest loan that would allow him to purchase a two-bedroom townhouse. Now owns his own place and he can finally put his poor credit history behind him.
What about Home Equity Loans? Aaron and Emily wanted to buy a new hybrid car. They knew it was environment friendly (with an engine running on both gas and electric), and with the rising costs of fuel, they'd save money at the pump. Aaron and Emily loved the idea of owning one of these cars but weren't sure how, in addition to their mortgage payments, they could afford to make such a purchase. Meridian Lending Partners had helped Aaron and Emily purchase their home three years ago and they asked if we could look at refinancing their home. After doing our research, we found that during the past three years, a good amount of equity had build up in their house. With that knowledge, instead of refinancing, we suggested taking out a home equity line of credit large enough to pay for the entire cost of a new hybrid car, at a much lower interest rate than a traditional car loan. Now Aaron and Emily are putting money in their pockets, not their gas tank!
Most any situation. Whether you are looking for a new mortgage, wanting to refinance or just interested in tapping into your current home equity, we can help you. Call us now at 972-239-9190
