AMERIVALUE REVIEW – INTRODUCTION
Ameri Value is basically a loan matching service that offers various home loan quotes, which can be easily compared and chosen according to the user’s needs and specifications. This loan matching service provides up to four different loan quotes, which makes the user choose from a variety of services.
Similar to other service providers, these loan matching services are extremely useful for customers all around and all those who are looking for loans whether it auto loans or personal loans, or home loans, this website provides it with all.
INFORMATION THE CUSTOMER NEEDS TO PROVIDE
The information from this company is provided one time and helps the user receive different quotes, which can be compared directly. Amerivalue.com helps people who are looking for a mortgage loan, no matter what purpose it is for; refinancing or new home purchase. The only thing that you have to specify is the kind of loan you are exactly for. Along with that, you need to provide a description of the type of property, the estimated value of the home and the zip code.
Along with that, you need to provide a basic understanding of what your financial situation and bandwidth are, along with a view of the current credit score, whether you have faced any bankruptcy or foreclosure in the previous three years. Also, you will have to verify your income before you sign up with your portal.
Lastly, an idea of the specific circumstances of the loan that you are looking for, which will include the mortgage interest and balance, needs to be provided. On submitting the information, all your contact information needs to be provided as well. Once they know this information, the financial lending partners will get in touch with the users via email, telephone, or text message. If the customers want a loan quote and they like it, it can easily be accepted. Then onwards, the dealing will be between the lender and the taker without involving Amerivalue.com. If a customer is not happy with a certain loan agreement, they are free to accept any loan offer then on.
AMERIVALUE MORTGAGE BASIC REQUIREMENTS
Income Documents:
- The receipts and transactions are showing the customer’s most recent two pay periods for each applicant.
- W-2 forms for the previous two years.
- The past two year’s federal tax returns with all the pages and schedules.
- In case the customer is self-employed, the customer needs to provide the past two years K-1 Forms.
- For self-employed business income, a year-to-date profit and loss statement with the balance sheet.
- For customers who are retired, a copy of the social security and pension award letters showing the whole information about the retirement income.
Asset Documents:
The two most recent month’s bank statements.
Other Documents:
- Homeowner’s insurance statement for the different properties owned showing the coverage and the annual premium.
- Mortgage statements for all the properties owned that have liens.
- Copy of driver’s license or state I.D. card for all the various customers.
- If the person is divorced, the customer’s fully executed divorce agreement.
PROS AND CONS OF AMERI VALUE
PROS:
- Quick and easy comparison tool
- It comes with the possibility to bundle additional services
- It comes with an A-plus rating from Better Business Bureau
CONS:
- Not a lot of reputation or authenticity information is provided online
- You won’t get the loan terms until you speak to the lender directly and clearly
WHO IS AMERI VALUE SUITABLE FOR?
Ameri Value comes with a reputation for working with some of the top brand lenders in the country. All the successful mortgage lenders offer their lending services and the amazing network that Ameri Value has created over the years makes it to be the ideal solution for all the consumers. It is one of the most reliable and high-quality loans providing service.
TYPES OF LOANS AND PRODUCTS
Ameri Value is not the direct lender for loans but is a platform that connects loan providers and loan takers. The most common loans that are available from Ameri Value are:
- Conventional fixed and adjustable-rate loans
- V.A. Loans
- FHA Loans
- Jumbo Loans
- Balloon Loans
Which loan is available depends on one lender and things like loan terms, including the credit score that is suitable, the APR and the down payment that you’ll pay according to the specific loan terms.
THE APPLICATION PROCESS FOR THE LOAN
The application process is quite easy, and you don’t have to spend hours filling the forms with this mortgage and loan lender portal.
Step 1: Fill the form
Filling the form is really simple, and you just have to answer a few basic questions, like what kind of property you want to purchase, how much down payment will you put forward or what your income is needed to be filled.
Step 2: Next, you just have to wait for the responses to come. Ameri Value will send out your application to various mortgage lenders and send you responses of suitable lenders to choose from.
Step 3: Finally, all you have to do is compare the different rates, loan terms, and the different services that are available to you. See which things are your priority and what is important for you and then choose the most attractive offer for you.
HOW MUCH ARE THE SERVICES FOR?
There is no set rates or fees structure of the loans that are provided to the customers. Some lenders don’t charge you many fees, while others provide hidden fees. Therefore, one should always be on the lookout for these because they end up changing the costs of the loan entirely. Some of the common fees include an origination fee, closing fee and processing fee as well.
REPAYMENT TERMS
These repayment terms are set by different lenders, and while some let you pay back the loan in 10, 15 or 20 years, others might stretch the timeline to 25 or 30 years also. But like all other loans, the longer you take to repay a loan, you might end up paying more interest in the long run.
HELP AND SUPPORT
The customer service by this company is available online through their contact form. You just have to simply fill it with your name, contact information and questions, and Ameri Value will respond to you as soon as they can. Also, look at the various customer support options because there will be a lot of help you will need during the loan taking process.
CONCLUSION
Ameri Value is a great value for Money Company and provides the top lenders for your entire mortgage needs. It works with big brands and provides the most secure services to all the users. The online application process is quick and simple, and comparing the loans from this platform is simple and easy.
