Mortgage, Sarasota County
Welcome to i3 Lending, My name is Stephanie McCulloch. As a Mortgage Loan Officer with over 20 years of lending experience. I believe that what makes you successful is to find something that you love to do and then offer it to others. I have shared my expertise to personally assist numerous families with their financing needs. I have an extensive background in all facets of mortgage lending including management, processing and underwriting. I am well versed in all types of mortgages; from Conventional, FHA/VA, Jumbo to Construction and rehab loans. Home equity lines and everything in between.
As an independent broker and correspondent lender I can offer extremely competitive rates and with myself as the processor there it no middle man just me and the underwriter.
I eagerly accept new challenges. Many things have changed in this industry, but my sincere commitment to provide exceptional service to clients and agents most certainly has NOT!
Stephanie McCulloch
i3 Lending
Senior Loan Analyst
NMLS #673046
(941) 350-1852 Direct
(941) 388-2610 Fax
Pre-approval
Pre-approval and Pre-qualification
Although you might have a great credit rating and a good job and know you will be accepted for a mortgage, it is much better to apply and get pre-approval than to simply be pre-qualified. Pre-qualified simply means you are eligible to apply for a mortgage loan, but does not guarantee the amount that you will receive. Getting a pre-approval letter will tell you exactly how much you will be allowed to borrow. As long as your circumstances do not change, this amount is guaranteed.
More Negotiating Power
If you have pre-approval on your mortgage loan, then you will be seen in the same way as a cash buyer. You already have the funds in place, so the seller is more likely to accept an offer immediately, even if it is below the price estimate. This is because they can be more certain that their house is sold, and so take it off the market pending the close of sale.
Quicker sale closing
One of the lengthiest parts of house buying and selling is the closing of the sale. If you have agreed to buy a house but do not have a mortgage in place, then it can take time to arrange the funds, and you might even find that you cannot get the funds you need. However, if you have pre-approval the funds are already guaranteed, and you can push through the transaction much more quickly. This will make buying a house much less stressful, and help you to get the home you really want.
Stephanie McCulloch
i3 Lending
Senior Loan Analyst
NMLS #673046
(941) 350-1852 Direct
(941) 388-2610 Fax