| Q. |
Do I have to give my name or number to use this debt consolidation calculator? |
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| A. |
No, you remain anonymous until you decide to get the new mortgage with us. There's no "hard sell", you're in control to decide which loan to choose, if any. |
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| Q. |
What if my credit isn't good enough for the loan I choose? |
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| A. |
We'll notify you immediately and also protect you with the guarantee that there's no charge to you for the credit report or for our service.
No harm, no foul, as they say. |
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| Q. |
What if I don't qualify for any other reason? |
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| A. |
The same guarantee applies. No fee charged to you for the credit report or for our services if you don't qualify for the loan you choose.
However, if you've paid an appraiser for an appraisal on your home, that money will be spent. We'll advise you with a back up solution, if possible, or give you guidance on what to do to qualify. |
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| Q. |
Will four lenders be calling me? |
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| A. |
No way! Never! Four lenders calling is a big hassle. At LionSaves, you remain anonymous while getting your personalized refinance quote.
Your name isn't sold off as a "lead" to...well, who knows who? |
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| Q. |
Where will my loan closing be held? |
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| A. |
A notary public will meet you at your home or work. |
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| Q. |
How can this refinance calculator give me an analysis without knowing my credit history or income? |
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| A. |
There's a lot we can analyze with the data you enter. We make the assumption that you pay your bills on time and your income should be enough since you already own your home. This way you can see the loans available for your situation and remain anonymous. |
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| Q. |
Can I run as many scenarios as I like? |
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Yes, have fun with it. |
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| Q. |
Why should I consolidate my debt? |
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| A. |
To save money and simplify your life.
Once you enter your info into our calculator and view your results, you can decide if it's right for you. |
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| Q. |
Does LionSaves offer "option arms"? |
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| A. |
No. We feel the way these types of loans work are misleading and are not a good long term option to consolidate debt.
Even the names lenders have put on these loans to market them to you, we feel, are deceptive. Names like: "The Secure Advantage Loan", "The Freedom Loan", and even "The Smart Choice Loan" are designed to trick you.
These loans advertise extremely low interest rates and monthly payments (known as "teasers") which are good for a short time and then increase dramatically. Many consumers have fallen for this trap only to find out later they were fooled. |
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| Q. |
When is the appraisal done? |
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| A. |
After we check your income, employment history and credit history. If these look ok, we order the appraisal from an appraiser in your area.
He or she will then contact you to set up an appointment to meet at your house. The appraiser will collect their fee from you at this time and you will be reimbursed for it at your closing from the proceeds of your new loan. |
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| Q. |
Can this site save every homeowner money? |
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| A. |
No. Some homeowners will be better off to stick with what they have. Their current interest rates and payments may already be very low. It all depends on each individual's situation. |
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