Why would I use Trinity Financial Group as opposed to shopping for my own loan?

Trinity Financial Group acts as a broker and works with many different lending sources on a wholesale basis. We make these sources available to you. Some of the best lending programs available are offered only to mortgage brokers. At Trinity Financial Group, we know what types of properties each lending sources is looking for. We understand their lending guidelines such as loan amount limits, geographical boundaries, and acceptable credit ratings. At Trinity Financial Group your loan is underwritten before it is presented to our lenders. We even estimate value based on recent sales information and current market rents assuring that you only pay for one appraisal. Your quotes are based on verified information. We even estimate value based on recent sales information and current market rents. Individual lenders offer you only their program options and you could have better loan options available through other lenders. Know your options.

Do you always require personal income and asset verification?

No. Some Lenders do offer No Income No Asset verification loans. The less documentation we provide, the higher the lender’s perceived risk level. These loans offer slightly higher rates due to this perceived risk level. There are certain items that every loan package must include. These items include a loan application, credit report, preliminary title report, copies of leases, 2 years federal income tax filings (i.e. Schedule E ) and the most recent year to date operating history on the subject property.

Will you shop my financials all around town?

No. Trinity Financial Group puts your package together. The lenders are initially provided with a one to two page scenario and some recent photos. Your loan quote is based on our best effort presentation of your loan request. We only present your detailed package to the lender you ultimately choose.

Can you just use any credit report?

Lenders require third party reports, such as credit reports and appraisals, to be initiated by the broker or themselves directly. This keeps the transaction at what is called an “arms length distance” from the borrower. This way nothing can be construed as having been manipulated by the borrower.

When I request a credit history does it have any effect on my overall credit score?

Each time any kind of credit inquiry is made on you or your spouse it may result in a reduction of your overall credit score. Each inquiry can result in a 10-20 point reduction. Trinity Financial Group runs only one credit report and is able to present your loan request to a number of different lending sources using one single report.

Can you explain your appraisal order process?

Trinity Financial Group does its own initial research to determine an estimated property value. This information is provided to the different lenders in the one to two page scenario prepared by Trinity Financial Group. We do not ask our clients to pay any appraisal co until they have, what they consider to be, an acceptable letter of interest in their possession.