This PNC mortgage review is helpful as it lets you make a more informed decision and learn about this financial option.
Interested in getting PNC mortgage? You know that this well-established company offers a variety of financial services, from business and personal banking to wealth consulting and asset management.
It also offers residential mortgage solutions to both existing and first-time home buyers in addition to any consumers who want to refinance their existing home loans.
Read this PNC mortgage review to find out more about available rates, pros and cons.
Detailed PNC Mortgage Review
PNC is a company that has been around for many years, because it was established in 1845.
Nowadays, it’s one of the biggest US banks with many branch offices, locations and unique features, such as Speedpay.
That’s why this lender is recognized as one of the leading residential mortgage servicers and originators in the country.
How to Get Pre-Approved
Before even shopping for a house, this company advises all consumers to consult its loan officers to get pre-approved for a PNC loan.
They go over an individual financial situation to determine a suitable price range and loan payment that can be afforded.
You will receive their pre-approval notice within 48 hours, which is quite fast. This is what puts consumers in a stronger position to negotiate.
What Borrowers Get
If you’re ready to purchase a house and know its price range, select the right type of mortgage. PNC lending solutions offer 15-year and 30-year fixed and adjustable rate options.
Contact qualified consultants to determine the best type of home loan for your personal needs. Focus on a future interest rate and loan terms.
When all details are worked out, PNC will verify your assets and overall income and ask you to give documents.
Fees and Loan Payments
Regular loan payments usually depend on the price of your house. You’re advised to make 3-20% down payments to lower future instalments.
It’s also useful to set aside up to 5% of a final house price for different closing costs.
Pros and Cons
This PNC mortgage review also highlights basic pros and cons of this lending solution.
PNC is the leading company with solid reputation, track records and mortgage consultants who will help you find the best loan option.
It becomes easy to manage a mortgage application online, upload the necessary papers, etc.
However, you compete with many other buyers for a certain house as waiting for a pre-approval may cause you to miss this deal.
PNC always offers safety and confidence to all of its customers.