Mortgage Myths and Facts
MYTH – It can take as long as two months to close.
FACT – Triangle Lending can qualify you in as little as 24 hours and unlike other mortgage companies we can often fund your loan in two to three weeks.
MYTH – Mortgage loans requires me to complete lots of paperwork.
FACT – Our process is highly automated and a Triangle Lending Group Loan Originator walks you through the entire process.
MYTH – You should only refinance when rates are at their lowest points.
FACT – Even when rates are not at record lows, refinancing can still be a smart choice. Paying off high-interest credit card debts and lowering your monthly payments can make good financial sense.
MYTH – Refinancing always extends the term of the loan.
FACT – Refinancing does not have to lengthen the term of the loan. Triangle Lending offers many terms less than 30 years. Some are as few as 7 years.