Ever since his first term in office began in 2008 President Barack Obama has been urging home owners to refinance and this certainly seems like good advice, because mortgage rates are at an all-time low. But, there are tons of lenders out there. How do you choose the right one? You might want to consider Network Capital Funding Corporation (Corp.), a “Direct home loan lender” who will allow you to “Refinance your home loan and benefit from low mortgage rates.” After having given a proper explanation of these terms and what the company does, I shall discuss the presidential endorsement of the historically low refinancing rates and what really makes this company stand out.
The first thing that needs explaining is what makes Network Capital Funding Corp. a “Direct home loan lender” and why this and their work is significant. As a direct lender, there is no middleman to pocket fees and the simple four step loan process is designed to be easy to understand. In step one the company gets to know you personally and gets a feel for your individual situation, so as to discover which of the programs offered will work best for you. Step two is to get you approved for your home loan (mortgage) or for refinancing. Before I go any further I had better explain refinancing and shall do this as simply as possible. Refinancing refers to taking an additional loan (mortgage) out on your residence to pay off the existing mortgage(s) and lower the rate you pay in exchange for borrowing the money. Regarding step two, in most cases you hear back about approval within 24 hours.
Next comes step three, which involves having a team of individuals all working for you. This team consists of a “loan officer[—who] will be your point of contact walking with you through each step of the process[—a] loan processor[—who] will work with you to complete your file[—an] underwriter[—who] will approve your file and work with you to get you to closing[—a] loan document specialist[—who] will prepare your loan documents and coordinate with you a convenient time for closing[—and your own personal] funder[—who] will make sure your loan funds and closes on time.” Finally, the fourth step is just getting your loan closed without any surprises. Both the fact that Network Capital Funding Corp. is a direct lender and that the company employs such an easy to understand four step loan process are significant.
President Obama supports both the Making Home Affordable Program and the Home Affordable Refinance Program (HARP) and believes refinancing, with companies like Network Capital Funding Corp., will help pull America out of the current recession. But, what really makes the company stand out is its simplicity and ease of use.