The Process
Step 1: Quick PreQual
Take 3 minutes now to complete the interactive PreQualification form:
You’ll be asked to provide your name and subject property address, as well as general estimates about your current loan balance and monthly obligations. This information is never resold, and it is only used to qualify for our loan products.
At the end, you will be asked to consent to a “soft credit pull,” which is a non-invasive way we can view your credit scores at no cost to you, and no damage to your credit.
Step 2: We Reach Out
After you’ve submitted the PreQualification information you’ll be assigned one of our licensed loan officers in case you need any help with the process. They will reach out to you with a quick phone call or email to confirm your information and goals, as well as any answer any questions for you.
This communication typically occurs during normal business hours two to three hours after your PreQualification submission, depending on volume of business. The call usually only takes ten to fifteen minutes and we do not try to sell you anything. We simply confirm all data is correct and answer your questions about the process.
Step 3: Easy Application
Once PreQualification is complete, you will quickly be emailed a secure application link.
Through the secure application link you will be able to provide any necessary additional information required to allow our artificial intelligence program to confirm your property value, income estimates, liabilities and credit, as well as upload your identification document.
Step 4: You Get Approved
Once you’ve completed the secure application (typically only takes 10 minutes to complete) you’ll instantly, if approved, be offered loan term options by the artificial intelligence underwriting software.
Typically there are several loan terms to choose from, including interest rate charged, loan amount, repayment terms, and special payment options like interest only or not. Choose which you like, or even pass on getting any loan from us at all, it’s entirely up to you. Once approved, the offers will be valid for you to accept for up to two weeks.
If you have any questions about the loan options offered, or you are not initially approved, you can easily then reach back out to your assigned loan officer to discuss next steps.
Step 5: Money in Your Bank
Once you’ve selected the best loan for your needs, you’ll schedule a quick online call with one of our notaries. The notary will make sure your paperwork is properly electronically signed, as well as confirm where your funds are to be sent.
If you move forward with each step as quickly as possible, and have no issues with receiving an approval, you can often see the funds in your bank account as quickly as five business days from right now!
What is our Insta-Equity Access Loan?
In simplest terms, it’s like a Home Equity Line of Credit (HELOC). But with some amazing improvements over the traditional type.
Fast
You’ll know your loan terms today, and potentially have your equity funds transferred into your preferred bank account in as little as 5 days from now!
This is vast improvement over the traditional HELOC process, which has historically taken 3 to 4 weeks to complete. Start right now, and get your loan offer later today!
Easy
Compared to your past mortgage experiences, you’ll be truly amazed how easy this is. Your individual loan scenario will be analyzed and approved online with artificial intelligence. Unlike the other times you’ve applied for a mortgage you don’t have to provide any supporting income documentation, except uploading a valid ID.
There’s also no appraisal needed (so no appraisal fee) at any point in the process! And the only time a full credit report is pulled is at the end, once you know what the terms being offered are, and that you want the loan.
Great Terms
Speaking of which, if you’re approved, extremely competitive terms will be offered. Once you get your online approval, you’ll even be able to choose between such options as length of repayment term and interest rate, if you wish.
Important Considerations
As great as the Insta-Equity Access loan is, there are some people and situations it is not a fit for. Please keep in mind that our Insta-Equity online option is only for one-unit properties located in Florida, like single family homes, condos, or a single rental unit. Additionally, potentially not everyone will be approved, if they have challenging income, credit, or property value scenarios.
That said, it doesn’t mean we can’t still give you access to your home’s equity through a more traditional HELOC or full refinance.
If you need guidance on how to unlock the equity of your multi-family, investment, or commercial property, or believe you might have challenging credit or income considerations, please reach out through our contact form here. We’ll still be happy to help you.
Got More Questions?
If you’d like more information on general range of terms, qualification considerations, and how our Insta-Equity loan works, feel free to check out our Frequently Asked Questions page.
Additionally, you can reach out during normal business hours at 813-945-8945, or fill in our contact form to have a licensed loan officer reach back out to you.