Before looking to purchase anything in life, we need to know our financial capabilities, budget and payment obligations. The higher the price purchase, the more important it is to perform this assessment. Home purchasing relies heavily on this as the first step before looking into properties. With over 20 years of real estate experience, we have encountered over 60% of inaccurate pre-approval letters from various loan officers. This has caused a tremendous waste of time and money for buyers, sellers, and real estate professionals. In addition, buyers who have inaccurate pre-approval letters tend to lose out on their desirable, potential homes. Finding the right home within the budgeted price is not easy; when coupled with inaccurate pre-approval letters and ineffective loan officers, many of these transactions and relationships are severed.
At Cornerstone Group, we perform full pre-approval just as if our buyers/borrowers are entering escrow. We’ve close cash purchase escrows in as little as 7 working days and full pre-approved loans in as little as 10 working days. 99% of our submitted loans have successfully funded and closed escrow as long as the buyer’s financial situation did not negatively change during the transaction. Cornerstone Group lending transaction fall out rate is less than 1% for the past 15 years. Fall outs are typically due to disagreeable home conditions versus home price offered, negative change in buyer’s financial situation, appraisal values, unreasonable cooperating agent/seller, etc. all of which are uncontrollable by Cornerstone Group side of representation.
Cornerstone Group team has a higher chance for sellers to accept our buyer’s offer due to strong loan pre-approval and past closing track records. With our loan pre-approval process, we also prevent our clients from wasting money on home inspection fees and appraisal fees for unapproved properties. With this high successful loan closing rate, Cornerstone Group provides a smooth, easy, and pleasant home purchase experience. We understand most clients work full time while seeking to complete these transactions. As a result, it is crucial to obtain our full pre-approval letter prior to searching for homes.
Some of the Home Programs we offer (50 States):
* Please visit our RESIDENTIAL HOME REFINANCING page for loan refinancing information.
** Loan products, availability, terms, and conditions may be subject to change without notice. Please contact Cornerstone Group for the most updated details.
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