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Liberty Lending Consultants Makes the Mortgage Loan Process a Breeze

Apr 23


Liberty Lending Consultants is a leading mortgage lender that offers a wide range of mortgage products and services to homebuyers and homeowners. The company's mortgage refinancing options, mortgage loan process, and mortgage comparison calculator are designed to help borrowers make informed decisions about their mortgage needs.


Mortgage refinancing is the process of replacing your existing mortgage with a new one. There are several reasons why borrowers choose to refinance their mortgage, including lowering their monthly payments, getting a lower interest rate, or changing the loan term. Liberty Lending Consultants offers a variety of mortgage refinancing options, including cash-out refinancing, rate-and-term refinancing, and streamlined refinancing. Cash-out refinancing allows homeowners to access the equity in their home by taking out a new mortgage for more than the balance owed on the existing mortgage. The difference between the two loans is paid out to the homeowner in cash, which can be used for home improvements, debt consolidation, or other expenses. Rate-and-term refinancing is the most common type of refinancing. It involves replacing your existing mortgage with a new one with a lower interest rate, shorter or longer loan term, or both. This can help homeowners save money on interest over the life of the loan or lower their monthly payments. Streamline refinancing is a simplified process that allows homeowners with an existing FHA, VA, or USDA mortgage to refinance their loan without having to go through the full underwriting process. This can save borrowers time and money.

The mortgage loan process can be overwhelming, especially for first-time homebuyers. Liberty Lending Consultants has a team of experienced mortgage professionals who can guide borrowers through the process from start to finish. The process typically involves the following steps: 


  1. Pre-approval: The first step in the mortgage loan process is to get pre-approved for a mortgage. This involves submitting an application and providing documentation to the lender to verify your income, assets, and credit history.


  1. Property Search: Once pre-approved for a mortgage, you can start looking for a home that fits your budget and needs.


  1. Offer and acceptance: When you find a home you want to buy, you will make an offer to the seller. If the offer is accepted, you will move on to the next step.


  1. Underwriting: The lender will review your application and documentation to determine if you qualify for the mortgage. This includes verifying your employment and income, checking your credit score and credit history, and appraising the property.


  1. Closing: If you are approved for the mortgage, you will sign the loan documents and pay closing costs. Once the loan is funded, you will officially become a homeowner.


The mortgage comparison calculator from Liberty Lending Consultants can help borrowers compare different mortgage options and choose the one that best fits their needs. The mortgage comparison calculator takes into account the loan amount, interest rate, loan term, and monthly payment to help borrowers make an informed decision. By entering different loan scenarios, borrowers can see how their monthly payments and overall costs will vary depending on the loan terms. This can help borrowers save money over the life of the loan by choosing a mortgage with a lower interest rate or shorter loan term. 


Liberty Lending Consultants

1950 Craig Rd #100CT

St. Louis, MO 63146