Rapid Rate Mortgage is a mortgage brokerage that uses our cutting edge technology to help those with less than perfect credit scores qualify for a home.
Realtors love our Loan Portal System where they can log in any time of the day and print off a pre-qualification letter for any amount less than the buyer's max budget. We understand this real estate market and time is of the essence. No more having to wait for your loan officer to email you a new letter with every counter offer, YOU ARE IN CONTROL. Our Loan Portal System also allows Realtors to receive real time updates with the buyer's loan. If the buyer uploads a document, you are notified, if they haven't turned in a requested document yet, you are also notified so that you can give that "nudge" that is sometimes needed.
Buyers love us because we are comprised of wholesale loan originators. What does that mean for you? That means that we have tons of home loan options and lower fees for buyers. Think about it- those "big banks" all have skyscrapers in the nations biggest cities. Who pays for those? Your fees do! We don't need large buildings to produce a large volume of loans. In fact, our network funded over $94 BILLION worth of loans in 2017. That's over 361, 000 loans in 1 year!
Rapid Rate Mortgage is committed to delivering 5-star service every day, every way. We are dedicated to using our cutting edge technology, best in business customer service, and easy to understand, professional advice to close loans quickly and efficiently.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
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NMLS 1795154