You may have found a Lakeview loan if you are in the market for a mortgage or refinancing. But what is Lakeview loan exactly, and is it a good option for your financing needs? This review will explore Lakeview Loan’s advantages and disadvantages, the loan products they offer, the application and approval process, and its customer service and support.
Table of Contents
What is a Lakeview Loan
Lakeview Loan is a mortgage lender that offers a variety of loan products, including fixed-interest mortgages, adjustable interest-rate mortgaging, FHA loans, refinancing loans, and household capital loans.
Lakeview Loan was founded in 2015 and is based in Florida. They are a subsidiary of Bayview Asset Management, a real estate and investment company.
This review aims to provide an in-depth analysis of the Lakeview loan and help you determine if it is the right lender for you.
Advantages and disadvantages of the loan Lakeview
Pro
1. Competing interest rates
Lakeview Loan offers competitive interest rates often lower than the national average. This can save you thousands of dollars over the lifetime of your loan.
2. Flexible payment options
Lakeview Loan offers a variety of repayment options, including fixed and adjustable mortgages, as well as refinancing and equity loans. This can give you more flexibility in choosing a loan that meets your needs.
3. Rapid registration and approval procedure
Lakeview Loan has a quick and easy application process that can be completed online in minutes. They also offer quick approval times, with some lenders receiving approvals within 24 hours.
Cons
1. Limited availability in some countries
Lakeview Loan is only available in some states, so you should check if they work in your area before you apply.
2. Some taxes and costs
Lakeview Loan does not charge any fees and charges, such as origin fees and review fees, which you can add to the cost of your loan.
3. Comments from Mixed Customers
While many customers have had positive experiences with Lakeview Loan, some have complained about poor communication and slow response times.
Loan products offered by Lakeview Loan
Mortgage Loans
1. Mortgages at a Fixed Rate
A fixed-rate mortgage has a fixed interest rate that remains the same throughout the Term of the loan. Lakeview Loan offers fixed mortgages for 10, 15, 20, 25, and 30 years.
2. Adjustable Mortgage
Mortgages have an interest rate that can change over time. Lakeview Loan offers mortgages at 5/1, 7/1, and 10/1 adjustable rates.
3. FHA loans
FHA loans are supported by the Federal Housing Administration and are designed for low-to-medium-income lenders. Lakeview Loan offers FHA loans with low payment options and flexible credit requirements.
Refinancing of loans
1. Refinancing in the Long Term
The interest-and-term refinancing allows you to change the terms of your existing loan, such as the interest rate or due date. Lakeview Loan offers interest rate and term refinancing options for fixed and adjustable mortgage rates.
2. Cash-out refinancing
Cash refinancing allows you to borrow against the capital in your home and receive money upon closing. Lakeview Loan offers cash refinancing for fixed and adjustable mortgage rates.
Home Loans Equity
1. Home Equity Credit (HELOC)
A HELOC is a rotating credit line that allows you to borrow against the capital in your home. Lakeview Loan offers HELOCs with variable interest rates and flexible repayment terms.
2. Home Loans Equity (HEL)
A HEL is a one-time loan that allows you to borrow against the capital in your home. Lakeview Loan offers HELs with fixed interest rates and predictable monthly payments.
Application And Approval Procedure
How to apply for a loan with Lakeview
To apply for a loan with Lakeview Loan, you can visit their website and complete your online application. You must provide information about your income, assets, and credit history.
If you are interested in applying for a loan with Lakeview Loan, here is a step-by-step guide to help you through the process:
- Visit the Lakeview loan website: Start by visiting the Lakeviev loan site at www.lakeviewloanservicing.com. You can apply for the loan form from the home page.
- Complete the application form: Once you are on the loan application page, you will be asked to provide some basic information about yourself and the loans you are seeking. This may include your name, contact details, employment status, and the amount of the loan.
- Submit Supporting Documents: Depending on the type of loan you are applying for, Lakeview Loan may require additional documentation to support your application. This may include bank reports, tax returns, or payments. You can upload these documents directly on your application form or submit them separately.
- Review your loan options: After you submit your application, Lakeview Loan will review your information and provide you with options that fit your needs and qualifications. You can review these options and choose which one works best for you.
- Complete the Loan Process: Once you have chosen a loan option, you must complete the loan process by signing a loan agreement and providing any additional documentation requested by Lakeview Loan. They may also require an appraisal of your property to determine its value.
- Get Your Funds: Once your loan is approved and all necessary documents are signed, Lakeview Loan will refund your money. Depending on the type of loan you choose, you can receive a fixed payment or a line of credit that you can withdraw if necessary.
What to expect during the approval process
After you submit your application, Lakeview Loan will review your credit and financial information to determine your eligibility for a loan. They may also request additional documentation, such as payments or tax returns.
How long does it take to get approved?
The time it takes to get approved for a loan with Lakeview Loan can vary depending on your individual circumstances. Some lenders have reported receiving approval within 24 hours, while others may take several weeks.
Customer service and support
Customer Service Availability and Channels
Lakeview Loan offers customer support via phone and email. They also have an extensive FAQ section on their website.
Quality of customer service
Lakeview Loan has received mixed reviews for its customer service. While some customers have had positive experiences, others have reported slow response times and poor communication.
Online tools and resources for customers
Lakeview Loan offers a variety of online tools and resources for customers, including a mortgage calculator and a blog featuring articles about buying a home and refinancing.
Lakeview Loan Login – Lakeview Loan servicing login
If you’re looking to log into your Lakeview Loan Servicing account, here’s a step-by-step guide to help you through the process:
- Visit the Lakeview Loan Servicing website: First, visit the Lakeview loan servicing site at www.lakeviewloanservicing.com.
- Click on “My loan”: On the home page, click on the “Loan me” button in the top right corner of the screen. This will take you to the login page.
- Enter your credentials: Once on the login page, enter your username and password in the appropriate fields. If you don’t already have a username and password, you can sign up for an account by clicking the “Register” button.
- Click “Login”: After entering your credentials, click the “login” button to access your Lakeview Loan Servicing account.
- Manage your account: Once you are signed in, you can manage your account by accessing your loan details, making payments, viewing your payment history, and much more.
Conclusion
Lakeview Loan offers competitive interest rates, flexible loan options, and a quick and easy application process. However, they are only available in some states and may incur some fees and charges. The customer service received mixed reviews.
Lakeview Loan can be a good option for borrowers looking for competitive rates and flexible repayment options. However, if you prefer to work with a lender that has a strong reputation for customer service, consider other options. Overall, Lakeview Loan offers a variety of loan products that can meet the needs of many borrowers. However, if you’re considering working with them, it’s important to do your research and read reviews from other customers to make sure they’re the right thing for you.