FAQ's
Q: Why should you decide to apply for financing with LFG?
A: If you’ve already attempted to obtain financing on your own you may already be aware that with today’s market, getting approved for a loan may not be as easy a task as you initially thought. However, with LFG’s help, we can work with the various lenders in our network to help you in ensuring that your application is reviewed carefully and that you have submitted information that will help the lenders to get you approved. You also take the work out of applying for a loan because LFG does the work for you in finding worthy lenders.
Q: When I apply, am I committing to anything?
A: Certainly NOT. By applying you are simply authorizing LFG to come up with the best lender for your needs. You are not committing to finalize the loan simply by applying. Once you receive your offers, you may proceed however you like.
Q: How long does the application take?
A: Filling out the simple application usually only takes several minutes.
Q: When will I know if I’ve been approved?
A: Once you have submitted your application to LFG, you will usually receive a response within 24 to 48 hours. Once you have decided what lender you will work with, the lender can then finalize their application with you and get your final approval. That process can usually be finalized within a week.
Q: When and how will I get my money?
A: As soon as you have been approved you can arrange for your loan proceeds to be deposited directly into your bank account. Should you wish to finalize your application and obtain approval at any of our lenders’ local branches, you can also very likely leave that day with your check in-hand!
Q: Is there a limit to the amount I am able to request?
A: Absolutely not. Keep in mind however that for larger loan requests, additional documentation may be necessary. However, LFG will work with you to try to obtain the full amount you are requesting. If for any reason you cannot be approved for the full amount you have requested, LFG will also work with our lenders to get you as much of the loan as possible based upon your credit abilities.
Q: What is the interest rate?
A: This will depend upon the type of loan you are seeking. However, the interest rates are competitive with today’s market for that type of loan. Therefore, you can rest assured knowing that LFG will be working hard to get you the best rate possible!
Q: Do I have to use one of your affiliated doctors, lawyers or providers?
A: No. Once you are approved you are welcome to use whatever provider you choose. The only exception would be if your loan approval was based upon a specific provider (depending on what type of loan you have applied for). However, this is typically not the case.
Q: What requirements must I meet?
A: Requirements will vary depending upon what type of loan you have applied for. For examples of the various requirements click HERE
(Separate window box outlining requirements for various types of loans, ie:
For plastic surgery loans:
1) You must be able to meet the required monthly payment offered by the lender;
2) You must be currently employed or have a co-signer that is employed;
3) You must live in the USA;
4) You or your co-signer must have a credit score of 600 or higher
For Business loans:?
For real estate loans:?