Loan Application Denied? Here's What To Do Next

Is LightStream a Good Loan Company?

LightStream is an online loan company that specializes in providing low interest loans for those with good credit. It offers a wide range of loan products including home improvement loans, auto loans, and personal loans. LightStream is one of the most reputable online lenders and has been around since 2014. In addition to its competitive loan rates, LightStream also provides excellent customer service and fast loan processing.

LightStream offers competitive loan rates, with fixed interest rates as low as 3.99% and variable interest rates as low as 1.99%. LightStream’s interest rates are among the lowest in the industry and can save borrowers a significant amount of money in the long run. Furthermore, LightStream has no origination fees or hidden fees, and borrowers can choose from a variety of loan terms and repayment plans.

LightStream is also known for its excellent customer service. The company has a friendly and knowledgeable customer service team that is available to answer questions and guide customers through the loan process. LightStream also offers a variety of online resources to help borrowers understand the loan process and make informed decisions.

LightStream also provides fast loan processing. The company has a streamlined loan application process that can be completed online in a matter of minutes. Once approved, borrowers can receive their funds within one business day.

Overall, LightStream is a great option for those looking for low interest loans. The company offers competitive rates, excellent customer service, and fast loan processing. With no hidden fees and a variety of loan terms and repayment plans, it’s easy to see why LightStream is a popular choice for borrowers.

Key Points:

– LightStream offers competitive loan rates, with fixed interest rates as low as 3.99% and variable interest rates as low as 1.99%.
– LightStream has no origination fees or hidden fees, and borrowers can choose from a variety of loan terms and repayment plans.
– LightStream has a friendly and knowledgeable customer service team that is available to answer questions and guide customers through the loan process.
– LightStream also provides fast loan processing, with approved borrowers receiving their funds within one business day.

People Also Ask:

Q: Is LightStream legit?
A: Yes, LightStream is a legitimate online loan company. It has been around since 2014 and is one of the most reputable online lenders.

Q: What are LightStream loan rates?
A: LightStream offers fixed interest rates as low as 3.99% and variable interest rates as low as 1.99%.

Q: Does LightStream have hidden fees?
A: No, LightStream does not have any hidden fees.

Is Lightstream A Good Loan Company – Review

Getting denied for a mortgage is incredibly frustrating! Here’s what to do next if you can’t get approved.

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0:00 Why
1:58 CalmMoment
2:55 What you can do
5:05 Top credit tips

Hey, Kyle here winthehouseyoulove.com Today we’re talking about what happens when your loan gets denied, what you can do next. So having your loan get denied can be one most frustrating things. So, first of all, let’s talk about why this can happen. The first thing that you need to do is you need to talk to your lender about why you got denied in the first place.
Okay. You don’t just want to say or hear from a lender we’re not able to move forward with your application or your loan was denied and then not know why. You want to hear: was it because of your debt to income? Was it credit? What issues were going on that led to that? So ask questions, if you aren’t able to move forward with a mortgage application.
So some common things that can keep your loan from getting approved. One is your credit score. So maybe your credit score is too low for the loan program you’re applying for. Maybe you have credit issues, something like a recent bankruptcy, foreclosure, or short sale. You could also have a debt to income ratio that’s too high, meaning you have too much monthly debt for the income that you have and I’ll talk about a way to remedy that here in a second. Possible employment or income instability, so if your income is declining or you don’t have a strong history of employment and here’s a big one, insufficient funds. A lot of times I see mortgage applications that are super solid, except they just don’t have money in the bank to be able to pay for their down payment and closing costs. And there are programs that can help you, with things like down payment assistance normally, in my opinion, they don’t tend to be the best type of loan that you could get, compared to if you just saved up money for a down payment and closing costs, but that’s a huge one that can trip you up.
Something to keep in mind is getting denied is not going to affect your credit score. You’re going to have an inquiry on your credit report, but it’s only going to affect your score by anywhere from zero to five points. The inquiry itself isn’t going to harm you and getting denied is not going to harm you at all either.
So. Let’s take a quick CalmMoment. So getting denied can be super frustrating because you’re going through all the emotions of wanting to purchase a home. And you’re sharing all this info with somebody, all this private information. And then when you just get told to know with no reason or walk through, it can be embarrassing and overwhelming and incredibly disappointing.
So if you’re at that spot, I want you to take a breath and slow down because it can be really easy to get frustrated and take it out on the loan officer or, to just completely abandon the dream of purchasing a home. Okay. Know that you’re a loan officer, their goal is not to deny anybody. They want to approve your loan.

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Kyle Seagraves
NMLS# 1701021
Motto Mortgage Alliance
8900 N. Dixie Dr.
Dayton, OH 45414
Equal Housing Opportunity

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