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Coldwell Banker Home Loans is a subsidiary of Coldwell Bank, and is the specific mortgage service center for home loans. The website presence is less than informative, since the pages that specifically are designed to describe the loans are not to be found. They claim to have a broad range of home loan offerings.

What are the Relevant Financial Factors?

In their loan process section, Coldwell banker describes when a lender makes a decision about a mortgage application, they consider many basic factors: all based on your ability to repay the loan. To ensure your loan is truly affordable, a lender will verify your employment and income. When a lender makes a decision about a mortgage application, they consider many basic factors: all based on your ability to repay the loan. The most informative part of the website is found under the label “loan process.” The most frank descriptions are to be found there, but the flexibility of their system is something they emphasize early in the site. They encourage potential buyers to speak to them directly about their loan, rather than fill out calculators that may not be as understanding as a loan counselor.  Their unmitigated desire to get you approved could very well be a reason to proceed cautiously. The paperwork you will need to gather will include pay stubs, tax forms and bank statements at minimum.

Actual Cost of the Loan

The loan process section ends with Coldwell telling borrowers that the law requires that they let you know what the fees and services charges are that are associated with the loan within three days of the closing. This is hardly reassuring. Remember, all retail home loan companies charge you for the privilege of their expertise and service in setting up, evaluating and processing the loan application. Finding out what those costs are is very relevant to your eventual financial obligation and more importantly how much upfront money it costs to get the loan.