Michael Santos

MLB Residential Lending

  • Home
  • About
    • About Michael Santos
    • Corporate Site
    • Privacy Policy
  • Blog
  • Resources
    • First Time Home Buyer Tips
    • First Time Home Seller Tips
    • Closing Costs
    • Home Appraisal
    • Home Inspection
    • Loan Checklist
    • Loan Process
    • Loan Programs
    • Mortgage Glossary
    • Mortgage FAQ
  • Testimonials
  • Calculator
  • Apply
  • Contact

WHY SMALL MORTGAGE COMPANIES BEAT THE BIG BOYS

January 22, 2013 by Michael Santos Leave a Comment

PRE-APPROVAL ADVANTAGES / WHY SMALL MORTGAGE COMPANIES BEAT THE BIG BOYS

Fact: As we noted in our “homebuyer alert,” about 90% of lenders and leading quote site lender partners like LendingTree & direct lenders like Quicken Loans, Mortgage Match, Wells Fargo are now asking for up to $600 upfront for a mortgage pre-approval or to begin a loan application. This is outrageous in our humble opinion, for details see “homebuyer alert” tab on the left of the header bar above. Fact: All our bank & lender partners offer free mortgage pre-approvals

4 Key Advantages of a Mortgage Pre-Approval

#1.) Piece of mind- The number of errors on credit reports is a real problem, but usually can be fixed if discovered early enough. Not to mention, new loan guidelines are challenging; but, many borrowers are surprised to find out they qualify for one of the many new streamline loan programs that are now available. #2.) Confidence in being 100% certain- A real bank / lender  pre-approval is the only way to be 100% certain of what loan program & rate you can get! With our banks & lenders offering free pre-approvals, there is no need to guess! #3.) Speeds up the closing period- A real bank / lender pre-approval can cut down the closing from 30-days to about 10-14 days. This can be the difference between a seller taking one offer over another. #4.) Increase bargaining & negotiating power- Sellers want to usually sell as fast as possible. A strong mortgage pre-approval gives the buyer a huge bargaining and negotiating advantage.  

Filed Under: Uncategorized

Leave a Reply Cancel reply

You must be logged in to post a comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Michael Santos Headshot

Contact Michael


Branch Manager Executive / Mortgage Loan Originator

Top Loan Originator Since 2001

Call (908) 296-6608

NMLS #199875
MLB Residential Lending Logo
MLB Residential Lending, LLC.
NMLS# 1101220
1095 Morris Ave.
Suite 104
Union, NJ 07083

Direct 908.296.6608 (24/7)
Corporate Site
Free Rate Quote

Sign Up For My Newsletter!

Connect With Me!

  • Facebook
  • LinkedIn
  • Twitter

Let’s Keep In Touch!

  • This field is for validation purposes and should be left unchanged.

Looking For Something?

This is not a commitment to make a loan. Loans are subject to borrower and property qualifications. Contact loan officer listed for an accurate, personalized quote. Interest rates and program guidelines are subject to change without notice.
MLB Residential Lending is an Equal Housing Lender.
NMLS# 1101220.
Equal Housing Lender
NMLS Consumer Access
Michael Santos is not licensed in NY and this site is not intended for NY loans.
Michael Santos NMLS #199875 • MLB Residential Lending, LLC. NMLS# 1101220. Michael originates NJ loans only. MLB Residential Lending, LLC. is located at 51 Commerce Street, Springfield, NJ 07081, 732.243.0140. MLB Residential Lending, LLC. NMLS#: 1101220 is a residential lender, licensed by the NJ Department of Banking and Insurance; licensed by the PA Department of Banking and Securities; licensed by the CT Department of Banking; licensed by the DE Dept. of the Banking Commissioner; and is licensed under the FL Mortgage Lender Service License # MLD1128. All rates are subject to change without notice. MLB in no way, claims to represent or to conduct business on behalf of HUD, the FHA or the Federal Government. This site is not authorized by the New York State Department of Financial Services. THIS SITE IS INTENDED ONLY FOR NJ CONSUMERS.

Return to top of page

Copyright © 2021 Michael Santos. All rights reserved.   Log In