Can You Trust Intelliloan Property Loans?
If you’re in the market for a property loan, you might be wondering whether Intelliloan is a good choice. The company has a 4.5 rating on Yelp and 200 positive reviews on Google. It also has a stellar reputation with the better business bureau. It has been accredited since 1999, and has helped more than two thousand homeowners. Despite these positive reviews, there have been several complaints about this company.
Rate Protection Promise
The Rate Protection Promise of Intelliloan property loans provides borrowers with up to three years of mortgage rate protection, which enables them to refinance at a lower fixed rate. This benefit can be exercised by borrowers after 100 days from the loan closing date. However, consumers should note that this guarantee does not cover recurring closing costs.
Another major benefit of the Rate Protection Promise of Intelliloan property loan is that it offers 30-year fixed-rate mortgages. This offers peace of mind, predictable budget planning, and a consistent monthly mortgage payment. The rates are fixed for the life of the loan and payments are based on the principal amount of the loan and the amortized interest over that term. The lowest monthly payment is the same as the first year of the loan, so payments are never going to be higher than what they were when you signed up.
Rate Protection Promise of Intelliloan property loan consumers should know that the lender may obtain information about loan applicants and verify identity. In addition, they may require applicants to provide identifying documents to protect their identity. However, these documents should be kept confidential. Intilliloan’s customer service representatives are required to maintain the confidentiality of all consumer information.
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Intelliloan is a nationwide mortgage company with access to almost every state in the country. However, the lender does not lend in Alaska, Hawai’i, Kansas, Missouri, or Indiana. While Intelliloan is not licensed in these states, they are popular in the western United States and California.
No hidden charges
An Intelliloan property loan is free of hidden charges. It offers various loan types including home equity lines of credit. You can choose between a 30-year fixed-rate mortgage and a 15-year fixed-rate mortgage. You can reduce your loan principal by paying at least twice the minimum amount each month.
Intelliloan offers financing for single and multi-family homes. This company is known for offering low-interest rates and fast service. The company provides a wide variety of loan terms and allows you to borrow up to $3 million. However, the maximum loan amount will vary depending on the type of mortgage and lender. Longer loan terms will increase interest payments, so be sure to check the terms before signing on the dotted line.
Intelliloan also offers Rate Protection Promise, which allows you to lock in your current mortgage rate for up to three years. This allows you to refinance your loan at a lower fixed rate if interest rates increase. Moreover, you don’t need to pay for non-recurring closing costs.
No misrepresentation of facts
In applying for an Intelliloan Property loan, you are required to disclose certain facts. If you do not disclose certain facts, you may be rejected as a loan applicant. Intelliloan will collect your details and information to verify your identity. You must ensure that you are over the age of 18 and are a legal resident of the United States.
In addition, you should make sure that you don’t make any false or inaccurate statements. If you do, you’re liable for a fine of up to $250,000. If you’re applying for an Intelliloan Property Loan and have a credit score below 650, you should be able to find an affordable loan product from Intelliloan.
You’re also required to disclose certain information about your current income and assets when you apply for an Intelliloan Property Loan. You may be required to provide certain documentation, such as a copy of your tax returns. If you’ve lied about your income or credit history, Intelliloan(r) may seek arbitration to resolve any disputes.
It’s vital that you disclose all of the relevant information on your application form. It’s also important to ensure that your credit rating is clean. Intelliloan uses a credit report agency to verify your information.
Reputation as a national mortgage lender
When choosing a national mortgage lender, there are a few important factors to consider. For one, these lenders are likely to have a good reputation in the market. In addition, national lenders have more resources to back up their reputation. Many have a 1-800 number to answer questions or resolve issues. Many also have an extensive online presence, including an online loan application process.
Trust Intelliloan Property Loan – Final Thoughts
When it comes to getting a property loan, you can trust Intelliloan. They have an excellent reputation, with over two hundred positive reviews on Google and a 4.5 rating on Yelp. In addition, they are accredited by the Better Business Bureau. They are a well-respected business that has been serving homeowners for over twenty years. There are currently thirteen complaints filed against Intelliloan.
When it comes to interest rates, Intelliloan is one of the best. They offer a fixed rate of 4% on their home equity loans. The only negatives are that they don’t offer loans to self-employed lenders or people looking to build a new home. Furthermore, they don’t approve loans less than two hundred thousand dollars. Despite these shortcomings, Intelliloan’s policies are clear and simple, and their staff is happy to assist their customers with the best possible mortgage rate.
