Partner received Pre-qualified offer.
After he filled out the first 3 screens and accpeted disclosures it pulls a sp and gives "Pre-Approved" offers based one the credit and information given in first 2 screens.... it says if you choose a loan and submit then it will do a hp.
His pre-qualified offer was up to $100k but not less than $10k and 5.50-9.99%
His Pre-Approval is: UP TO $50k if you can't tell the way it formatted below
Congratulations you've been pre-approved!
This pre-approval is conditional based on verification of the information provided.
Select a Loan and Apply
|
$5,000|
$16,250|
$27,500|
$38,750|
$50,000
Fixed Rate
payment never changes Term Monthly payment Interest rate Lifetime cost
| Select | 3-year | $1,566.59 | 7.990% | $56,397.24 |
| Select | 5-year | $1,025.59 | 8.490% | $61,535.40 |
| Selected | 7-year | $810.56 | 9.240% | $68,087.04 |
Variable Rate
lowest payment todayInitial payments and rates shown. The rate cap is 9.99%.
Term Monthly payment Interest rate Lifetime cost
| Select | 3-year | $1,539.06 | 6.790% | Varies |
| Select | 5-year | $985.11 | 6.790% | Varies |
| Select | 7-year | $770.99 | 7.665% | Varies |
