In a Nutshell: Entering the realm of homeownership can be a daunting experience, but oftentimes it’s ultimately rewarding. That’s especially true if you are working with a transparent, trustworthy, and efficient company. Network Capital offers straightforward home loan options that are often quicker and cost less than the traditional process. The company also specializes in refinancing options for consumers. With its refinancing options, homeowners can bring down their monthly payments, consolidate debt, or put cash toward other important life expenses. Network Capital also stands out with its high-quality customer service, with loan officers available to answer any questions and walk clients through the entire process.
Purchasing a home is one of the most exciting — and potentially stressful — life events a person can experience. In the U.S., owning a home is often viewed as entering an elite club. It’s validation that you’ve made it.
More importantly, homeownership provides people with stability and a solid foundation from which to grow or sustain a family.
Owning a home is also a solid investment in many cases because, once a homeowner has equity in the home, they can use it to refinance or borrow against it to cover other important expenses.
For decades, the home loan and refinance processes have been relatively static. Those looking to purchase a home or refinance tend to work with a Realtor who facilitates the process for a price.
But thanks to advances in technology, companies like Network Capital are changing the mortgage and refinancing game with their innovative and unique approach.
“Trust, transparency, and quality service. Our licensed Home Loan Experts will explain all your options in detail and help you choose the best program for your needs,” according to Network Capital. “We even provide you with a no-cost, no-commitment quote so you can see it all in black-and-white.”
We recently spoke with Dr. Sarit J. Levy, the company’s Director of Marketing and Advertising, to learn more about Network Capital’s approach to mortgages, refinancing, and customer service.
A Unique, Hassle-Free, and Simple Mortgage Process
“Whether you’re a first-time homebuyer or a seasoned veteran, finding a great mortgage is traditionally stressful and time-consuming,” according to Network Capital. “We have a unique revolutionary system that makes purchasing your home quick, simple, and as hassle-free as possible.”
Levy said the company has a number of options available when it comes to home loans through Network Capital.
“Our programs make buying your dream home a reality,” according to the company.
One of the ways in which Network Capital stands out from other lenders is with its Same as Cash Pre-Qualification program. However, as a leader in the fintech space Network Capital prides itself on proprietary efficient process flow and automation that is as fast as they come, according to the company.
“Shop confidently. We qualify you and will underwrite your file in-house, so all you need to do is find a home. This type of qualification allows you the purchasing power to compete with cash offers. It gives you and the seller the expectation that the loan will close.” — Network Capital
The process also moves swiftly — no more waiting a month or more to close escrows.
Network Capital also has flexible down payment options.
“From $0 down, whatever your budget, we have a program and solution for you,” according to the company. “Our ‘no lender fee’ policy coupled with some of the lowest rates available makes purchasing your dream home a very affordable reality.”
Prospective homebuyers can explore options for VA loans, FHA loans, and conventional loans. Network Capital also offers Fannie Mae’s HomeReady® loan on approved homes. With this option, the purchaser is only required to make a 3% down payment. Similarly, the Freddie Mac HomePossible® also requires a 3% down payment.
And those with less-than-perfect credit need not worry.
“Life happens. At Network capital, we get that. Your past doesn’t have to dictate your future. You can still get financed even with derogatory marks on your credit history,” according to the company.
Improve Your Financial Standing via Refinancing
Network Capital has made it a point to focus on its refinancing options for current homeowners, Levy said.
“So, here’s something very exciting that most people don’t know,” Levy said. “Let’s say you buy a house today, you can refinance within six months. Let’s say you’re making your house payment for six months, you’ve been doing a good job. OK, let’s refinance and get you a lower rate. There’s no timetable that prevents you.”
She said Network Capital’s closing times to refinance are much quicker than those of many other companies.
“Most companies right now during the pandemic, they’re averaging three to six weeks minimum on closing times,” Levy said. “We’re very consistent — we close in as little as 15 days, on average, or less.”
Of course, refinancing doesn’t just mean getting a lower rate. Homeowners who refinance can also take out a home equity loan during the process. This extra cash can help people pay down other debts, make improvements to their home, or start a savings fund.
“Shorten the term of your mortgage. Reduce your monthly payments. Pull out the cash you need to finance your life,” according to the company. “Choose your main objective and let us do the rest. Can’t decide? Often, we’re able to accomplish these in combination with each other for even greater savings!”
Levy said that with rates currently low due to the pandemic, now is a great time to refinance — especially with Network Capital which maintains a policy of no application, origination, rate lock, processing, or underwriting fees to borrowers who qualify.
“We are positioned in our industry sector as a lifestyle brand,” Levy said. “One of the best things about Network Capital is we want the world to understand that this brand is about taking your own savings that you have in your home, not creating a higher payment or losing equity. It is about making better life choices for you and your family, like securing capital to pay for your kids’ college, dream vacation, or wedding all without adding on any extra burden.”
Refinancing can also be an opportunity to consolidate debt.
“It’s a good way to say, ‘Oh, I’ve racked up $10,000 on American Express. Let me put this into my refinancing plan while I still have the credit line open. I don’t want to fall short, and I can build it back into my mortgage,’” Levy said.
Customer Service is Key
Levy said another factor that helps Network Capital stand apart from its competitors is its attention to providing quality customer service.
“I have to say that I watch the sales team day in and day out, and they really, really are attentive to the customer and the process,” she said. “And they’re honest.”
Levy said many consumers have dealt with companies that lack transparency when it comes to the process and fees charged to the customer.
She said Network Capital’s representatives are upfront with customers and walk them through the whole process down to the last detail.
“That’s part of the lure of this company. We want to build what we say is a lifestyle — we want people to live better,” Levy said. “Not just simply live in their house and not be able to go out and do all those other fun and important things in life.”
Network Capital’s attentive approach to customer service is reflected in the many positive reviews from clients.
“We had such a pleasant and quick experience!,” writes Becca H. on the Network Capital website. “They were very helpful and made the process virtually painless. I would recommend Network Capital to anyone looking for a speedy and thorough refinancing experience.”
Levy said the company’s mortgage loan officers have extensive training and experience, and are always available to help customers.
“They have a thorough meeting every morning on questions or problems that arise, and what to do in this or that situation,” she said. “And there’s always somebody you can talk to 24/7, whether its phone calls or emails. We have call centers too, but honestly, our loan officers are speaking directly to customers 24/7.”
So whether you’re diving into the world of homeownership for the first time or are looking to refinance, Network Capital offers a variety of solutions to fit nearly any situation.