FAQ #1
How do you compare to Credit Repair Companies
Answer: Home loan approval goes way beyond removing negative items from your credit report and doing that alone can even hurt your chance of qualifying and lower your credit score. The Home Loan Approval Program focuses on all
30 credit overlays evaluated by the lender. In fact, unless all credit overlays are covered and qualify, your credit score means very little at all. Take a look at the comparison chart to see the vast difference.
FAQ #2
Is this expensive?
Answer: Our fees are less than a debt settlement company yet we handle that process plus credit repair, credit development and we build and prepare your entire profile to comply with the 30 credit overlays to meet the lender's requirements prior to approval. When we match you with one of our sellers and lenders the cost is almost entirely underwritten by those affiliate partners plus you get excellent rates from our affiliate partners on your home and loan.
FAQ #3
How do I know this can help me?
Answer: There are very few people that we can not help. If you have consistant employment (or verifiable income) we can help you qualify within approximately 2 - 12 months. In fact, almost 100% of our clients are getting approved* today. We have even helped our clients soley living on disability get qualified. See the 10 Ten Reasons to get started.
FAQ #3
How long does the program take?
Answer: The program can take 2 – 12 months. Most clients can get pre-approved within 90 days when they follow their Action Plan. Each client has a different credit profile and therefore unique needs. Some need only a few bumps and tweaks and others need a complete overhaul. Since we use the “Beauty Makeover” comparison you need to imagine one girl needs drastic work to improve her look, while another might need less. Men may understand the comparison of automobile work. One car may need an oil change to function better while another car needs a rebuilt engine. Most clients with credit issues complete the program within a few months when they follow the program and their personal Action Plan schedule. Clients with only a few credit issues complete the program in even less time.
FAQ #3
Do I need to have a realtor, home seller or lender to qualify?
Answer: No. We can match you with one of our partners who work hand-in-hand with our program for the most successful outcome. You can complete the program without any seller or lender initially. We will find the best match in your area so you can benefit of working with an approved affiliate who will help underwrite most of your costs! You will only see that benefit when you are working with a affiliated seller.
FAQ #4
What if my realtor is not associated with the program?
Answer: You can forward us his/her information and we will make sure they understand how we can help them sell you a home and how they can be an asset to this process to help you get there as quickly as possible!
FAQ #5
Why would two people with similar profiles take different amounts of time to complete the program and qualify for a home loan?
Answer: No two people are the same and with each person having 30 Credit Overlays there are so many variables that it is unlikely that two people will ever be the same. However, if two people do have very similar profiles, one might take 2 months to qualify where the other might take 12 months. That has all to do with the client’s priority to follow the program and how quickly they finish each step. If they delay, they slow down their own progress and therefore the end-goal of approval. See the following timeline comparison showing three clients with similar profiles but very different completion dates (2 months, 6 months, 12 months).
FAQ #6
Can I complete the program for other types of loans?
Answer: Yes. Other types of loans have similar requirements. For example other financed items can enjoy the same success. Automobiles, Boats, Recreational Vehicles and even Fine Jewelry are large-scale purchases that often require financing so have similar qualifications and requirements prior to approval.
FAQ #7
What if my realtor or seller is not affiliated with The Home Loan Approval Program?
Answer: Affiliation is simple. We only need the contact information for that person and company. We have not come across a seller who was not enthusiastic about the program and eager to get started. In the rare instance where it was not possible to align with your seller, we can match you up with another seller in your area that is interested in helping you get qualified.
FAQ #8
Are there previous customers that I can speak to about their experiences with the program?
Answer: Absolutely. In fact most of our clients more than welcome the opportunity to spread the word as they have done with their own family and friends in their community. As a matter of fact, our referral program is set up to help you spread the word. For each client you send our way that completes the program we pay you a referral commission. Some of our past clients have made a consistent monthly income through this referral program. Contact us for more information.
FAQ # 9
How much does it cost to start the program?
Answer: The initial cost for your Action Plan which tells ou what you need to do and how we can get your there is $75.00 and includes an Action Plan Meeting. It tells you everything you’ll need to know so we can reach your goal. Every person receives a different plan based on their particular history and their current financial situation. All other fees and costs associated with the program are discussed in your Action Plan Meeting and depend on your particular needs. Those fees are paid over time and are usually underwritten by the lender and seller at closing (when you finalize your home purchase). Often the only cost paid by you is the $45.00 Action Plan Fee. That is why we like to match you up with an affiliate selling partner.
FAQ #10
Are there any video tutorials to help me understand the program better?
Answer: Are there any video tutorials to help me understand the program?
FAQ #11
Do you include Credit Repair in the program?
Answer: Yes, within our credit development portion of the program we include aggressive negative item dispute along with the 30 other credit overlays evaluated by the lender.
Why rent when you can own? Get started today!
*when you follow your Personal Action Plan (your personalized program/steps) and your debt/income qualifies. Income is figured on gross income before taxes.
(800) 355-7935
fax: 912-228-5110
loanapproval@southerncreditpartners.com
How can I get approved for a Home Loan with Bad Credit?
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