About lender
Premier Lending Group is a financial institution that provides various financial services for residential and commercial properties, including mortgages, fixed-rate loans, and HELOCs. It was established in 1998, and its current headquarters may be found in the southern region of the United States. Premier Lending's objective is to satisfy the mortgage needs of its borrowers by going beyond every transaction, to complete a loan transaction in the shortest amount of time and with the least amount of hassle.
Pros and cons
Pros
- Online application process
- Low-cost mortgage products and services
- Provides the most acceptable mortgage options available
- Quick pre-approval.
Cons
- Not transparent rates and fees on their website
- With possible hidden fees.
Terms and conditions
Most lenders generally lend up to 95% of the property's value. However, this varies from lender to lender and depends on several criteria (Lenders Mortgage Insurance may be applicable). It's easy to get a ballpark figure using Premier Lending's Calculator. To use Premier Lending Solutions, you will not be charged a fee.
A down payment of at least 5% of the purchase price is usually required for most house loans (plus amounts to cover stamp duty and other admin fees). Lenders' Mortgage Insurance may be necessary if your deposit is less than 20% of the property's worth.
Funding a loan
The application procedure for Premier Lending is relatively straightforward and should take a few minutes of your time. To get started, you can answer an online application on their website. You should expect to hear back from them within 24 hours if your application and supporting documentation have been received. They help you receive the money you need to maintain and grow your firm by assessing your potential sales profits. Once the pre-qualification application and a few supporting papers have been received, financing is available within 48 hours. Weekdays 8:00 am to 10:00 pm Eastern Standard Time (EST), weekends 9:00 am to 3:00 pm.
