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Do you work with people who have credit problems such as late payments, collections, judgements, or even bankruptcies? We have been helping customers with less than perfect credit since the begining. Read about Pyramid Financial customers that we have helped. Is it necessary to pay off all of my bills with a loan? You may pay off any or all of your bills with your loan as long as they fall within our program guidelines. Do you offer any programs specifically for people who are self employed? Pyramid Financial wants to find solutions for a wide variety of individual situations. So we developed our Self-employed Loan. It is tailored for the special needs of individuals who have their own business and may have trouble verifying their income. I notice that after I make my monthly payments, my credit card balances hardly change. Why is that? Depending on how your accounts are set up and the interest rate you are being charged, most of your monthly payments may be going towards interest. If this is the case, it can take years to pay off your bills! A better option may be to apply for a debt consolidation loan. Frequently, a consolidation loan lowers your overall interest rate and your monthly payments, saving you money each month. After I apply for a loan, what should I expect? The information you submit in your application together with the information we obtain from a credit reporting agency will be analyzed. A loan officer will then contact you to discuss the loan options available, subject to verification of title, income and equity. What other kinds of documentation will I need to provide besides my application? The following items are needed from many loan applicants and co-applicants to complete processing a loan application:
What is the cost to submit a loan application? There is no fee to submit an application with Pyramid Financial. If you decide that Pyramid Financial's financing works for you, there will be some appraisal and title search fees, points and other costs, but it will cost you nothing to get all the details. Can I make changes to my application? Please discuss with your loan officer any changes that you need to make to your application once it has been submitted. Do you only offer home equity loans? To qualify for our loan programs, you have to own real estate, or be in the process of buying real estate. At this time, Pyramid Financial doesn't offer personal loans. To get more information on other programs, just click Everything Else from this link or from our home page. How do I apply over the internet? Just click anywhere you see Apply Now, including this link. Answer the questions on the application. There's absolutely no cost to submit an application and no obligation. Once your application is received, one of our loan officers will get in touch with you to discuss the loan that best fits your needs. How can I get more information without applying? Just go to any Loan Inquiry page and fill out the brief loan inquiry form. Within 24 hours one of our representatives will contact you. What are your interest rates? Since all of our loans are designed specifically to fit your individual needs and credit situation, we can't quote one rate that would apply to everyone. But with over a million customers in the last 30 years, we can assure you that our rates are competitive. No matter what kind of loan you need. There's no application fee* for home equity loans. Once we look over your application, we'll recommend the loan that's best for you, and quote all rates and disclosures. This is all subject to your approval, and there's never an obligation to complete a loan if you're not happy with any of the terms. *On loans for the initial purchase of real estate, we may ask for an application/commitment fee. Is the interest I pay tax deductible? Yes. If you itemize deductions on your Federal tax returns, the interest you pay can reduce your total tax liability. To get full details of what this can mean to you financially, we recommend you get in touch with a qualified tax advisor. How long does all this take? We have people to help you 24 hours a day, 7 days a week. You can Apply online in only four easy steps. Then, once your application is received, a loan officer will contact you to discuss the loan that best fits your needs. And once you agree to proceed, we are very proud of our turn around times. For most of our customers, from the time they apply to the time they get their check, is only a few weeks." Who ownsPyramid Financial? Pyramid Financial is independantly owned . When you do business with us, you have a growing, healthy business partner behind you. Where are you located? Our main office is in Long Beach, California, and we have local offices in a number of different states. Will you check my credit? Yes. To understand what loan works best for you, we will need a report from the credit bureau(s). Do you lend on mobile homes? Not unless it's no longer mobile. We do make loans on manufactured homes if the wheels and hitches have been removed, and they are installed on permanent foundations. This type of home must be on land you own, which is classified as real estate by your county tax assessor. What kind of loan fees will be charged? Depending on the state where your property is located, your loan might have fees related to the value of the property, plus credit report, title search, lien recording, and loan closing fees. After you've applied, but before you're obligated in any way, we'll give you a full disclosure of any or all fees that apply to your loan. Is it necessary to secure the loan with my home? Yes. Because of the commitment these loans require on our part, we require real estate as security. Anyone who is a co-owner of your property -- or has rights in the property -- will have to sign an agreement that they consent to pledging this property as security for the loan. *Consult your tax advisor about your individual stituation. **Not available on all loan programs or for all credit grades. |
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