Conventional financing firms, like a bank, may charge 2% to 3% to process a loan. By minimizing our overhead, we can cover the costs of credit reports, appraisals, underwriting, recording fees, and even title on certain loan programs. The bottom line is that our competitive rates save money not only on the cost of obtaining a loan, but also on monthly expenses over time. This is what distinguishes GoAhead Finance from other firms.

The best way to find out how much you can save is to contact us at 847-556-9300. We will analyze your situation and provide a no pressure proposal.

On purchasing a property, the closing date on the contract dictates when a loan will close. GoAhead works with reliable companies that have efficient turn-around times for items that we require (e.g. appraisals, credit reports, title, etc…). The other component is how fast you can submit documents that we request. As soon as we receive them, we will review them to ensure they say what we need them to say and address any red flags that might adversely affect a loan request.

The best thing to do is to contact us at 847-556-9300. We will listen to your scenario and provide a customized timeframe that is fast, realistic, and meets your needs so that you can make the best decision.

Not necessarily, but the higher the credit score, the lower the rate one can qualify for. It is possible to get a conventional mortgage with a FICO credit score as low as 620 and some programs even offer loans that have lower scores. The key thing to remember is that a FICO score is not fixed. By improving credit over time, one can refinance at lower rates. At GoAhead Finance, we offer no cost refinancing and our expertise can create a schedule to improve your credit while generating equity over time. If you have less than stellar credit, reach out to us, and we will see what we can do for you, pressure free.

Appraisals can be the most time-consuming factor in the mortgage process. Once a loan application has been reviewed and an appraisal is ordered, we strive to have it within our hands in about one week. Many variables affect the turn-around time; we will keep you informed of the status and expected delivery dates. Our goal is to have everything ready for underwriting when the appraisal arrives.

Bank and mortgage statements, paystubs, W-2s, and many other typical documents are already in digital form on their respective sites. However, sometimes we need to take a make digital copy of a physical document. The great news is that it is not complicated. Here are a few methods.

iPhone
On an iPhone, you can use the Notes app from Apple. Press and hold the Notes app icon until a sub menu pops up. Click on scan document in the menu and follow the directions. Here is Apple’s overview in more detail.

Android
On an Android (Google) device, you can use the Google Drive App. Here is Google’s overview in more detail.

If you are still having trouble, call us at 847-556-9300 and we can help!

We keep our expenses low by decentralizing our operations and minimizing the ‘brick and mortar’ expenses of running a conventional mortgage company. By drastically reducing expenses, we pass the savings on to our clients. We want to be as transparent as possible which is why we have links to the Consumer Finance Protection Bureau, regulatory entities, and the Better Business Bureau at the bottom of every page.