Lic 10845, Independently Owned & Operated

0319 637144953903430017You may have been told in the past that getting a pre-approval is an important first step in the mortgage process. But why is that the case? The fact is that having a pre-approval allows you to do a number of things that you would not be able to do otherwise. A pre-approval is different from a pre-qualification. A pre-qualification is really just a best guess at how much of a home loan a lender is likely to give you. A pre-approval requires you to submit your financial information. The lender reviews this information and then lets you know how much of a loan you are approved for and what rate they are willing to offer. Typically, pre-approvals are valid for 180 days, but this may vary from lender to lender.

home equityOver the past several years, home values in the area have gone up dramatically. And that means that homeowners have much more equity in their homes than they did only a few years ago. One of the big advantages of having more home equity is that you have more borrowing power. Secured loans using the equity in your home can help you finance home renovations, pay for a child’s tuition, give you start up capital for a business and help you consolidate debt, among other things.

commerical loan finalIf you operate a business, there will be times when extra money through a commercial loan may be of great benefit to you. The following are some of the reasons why a commercial loan might benefit you.

bad creditIf your credit is less than perfect, you may think that it is not possible to get a mortgage. Or you may think it best to work on improving your credit before you apply for a mortgage. But the fact is that there are a number of lenders out there who specialize in bad credit mortgages and it may be in your best interest to get one.


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  • Jas Bath

    The experience with AKAL Mortgages Inc. is great!!! I recently got approved for a business loan thought them and the agent that helped me with the process was outstanding. I am impressed with the convenience and very helpful service. I hear their agents on the radio all the time making consumer aware of the options available about mortgages and loans. And, they way they do, touch my heart. So honest and ethical.

  • Oli Rubion

    My wife and I visited AKAL mortgages Inc. due to their reputation in the market. We were attended in a timely fashion to discuss our mortgage and line of credit needs. We are so glad that we were provided with great options and solutions to choose from. We are very happy and satisfied from the services provided by AKAL mortgages Inc. We definitely recommend their services to our family and friends.


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