Global Consultants Direct Inc. was founded in 1996 and we are proud to say we are now one of the fastest growing mortgage companies in the United States. Supported by more than 250 trained staff members, DirectLoanSource.com is recognized as one of America’s leading online mortgage sites.

Our incredible volume of business has attracted investors from all over the United States, providing our clients with low-cost, customized loan programs to suit their individual needs.

We take special pride in our ability to offer the most complete selection of mortgage financing options to our home-buying clients, insuring a smooth, worry-free transaction.


OUR UNIQUE, COMPETITIVE ADVANTAGES:

Low Rates
At DirectLoanSource.com, we deliver the lowest rates in the market.

Guaranteed On-Time Closing
We pride ourselves in our ability to streamline the loan process, provide quick approvals and give you a guaranteed closing date.

Online Approvals
Through DirectLoanSource.com, we are able to offer you online approvals because of our cutting edge technology. Just complete the online application and we will get back to you today!

Personalized Loan Advisors
We want to make getting a loan easy for you! A Personal Loan Advisor will assist you every step of the way.

Less Than Perfect Credit
Everyone can have credit problems. Through DirectLoanSource.com, we offer special loan programs for people that are putting the past behind them! Our loan advisors are waiting to help you!

No Closing Costs
Global even has loan programs that require no closing costs! The only fees are a $40 charge to obtain your credit report and a $350 appraisal fee. Our extensive portfolio of loan products has the perfect loan for you! Certain programs only.

100% Financing
If you have good credit and a consistent work history, we have programs that offer 100% financing with no down payment!

Get 125% Financing
You may need substantial cash to pay bills or to take care of family expenses. To pay off higher interest debt or for any other reasons, a 125% home equity loan may be the answer because it gives you the extra cash you need.

More Lenders
Global has affiliations with hundreds of lenders nationwide and will provide you with the lowest rates possible.

No Income Documentation
Avoid the hassle of paperwork! DirectLoanSource.com can save you time and get your loan processed more quickly without collecting pay-stubs.


AN OVERVIEW OF THE LOAN PROCESS:

If you are buying or refinancing a home:

1. If you are salaried: provide two years W-2 and one month of pay-stubs OR if you are self-employed: provide two years tax returns and a YTD profit and loss statement.
2. If you own rental property, please provide rental agreements and two years tax returns.
3. If you wish to speed up the approval process, please also provide three months bank statements for each bank, stock and mutual fund account.
4. Provide recent copies of any stock brokerage or IRA/401K accounts that you may have.
5. If you are requesting a cash out refinance please provide a letter explaining what you plan to do with the proceeds.
6. Provide a copy of divorce decree if applicable.
7. If you are NOT a US citizen, provide us with a copy of your green card (front and back), or if you are NOT a permanent resident provide us with your H-1 or L-1 visa.

If you are applying for a home equity loan:

1. If you are salaried: provide two years W-2 and one month of pay-stubs OR if you are self-employed: provide two years tax returns and a YTD profit and loss statement.
2. If you own rental property, please provide rental agreements and two years tax returns.
3. lease provide a copy of the note on your first mortgage. This will normally be found in your closing loan documents.
4. Please provide a signed letter explaining what you plan to do with the proceeds.
5. Provide a copy of divorce decree if applicable.
6. If you are NOT a US citizen, provide us with a copy of your green card (front and back), or if you are NOT a permanent resident provide us with your H-1 or L-1 visa.

Get Qualified:

Getting qualified before you apply for a loan can help you understand how much you can borrow.

When buying a house, you may get pre-qualified or pre-approved. You can typically get pre-qualified over the phone or on the Internet in a few minutes. A pre-qualification is not as beneficial as a pre-approval where you have to go through a more rigorous process which includes verification of your credit, income, assets and liabilities. It is highly recommended that you get pre-approved before you start looking for a house. This will help you:

1. Find out the maximum house you can buy, so you don’t waste time looking for properties you cannot afford.
2. Puts you in a stronger position when you are negotiating with the seller, because the seller knows that your loan is already approved.
3. Helps you choose quickly, since your loan is already approved.

To shop for a loan, you will need to:

1. Think about how long you plan to keep the loan. If you plan to sell the house in a few years, you may want to consider an adjustable or balloon loan. On the other hand, if you plan to keep the house for a longer time, you may want to look at fixed loans.
2. Understand the relationship between rates and points. Points are considered to be the prepaid interest and are tax deductible. Each point is equal to one percent of the loan. So for example, 1 point on a $150,000 loan is $1,500. The more points you pay, the lower the rate you will get.
3. Compare different programs. Shopping for a loan can be difficult. With so many programs to choose from, each of which has different rates, points and fees. It’s hard to figure out which program is best for you. That’s where an experienced loan officer can help you make a decision that’s best for you.

Obtain Loan Approval:

Once your loan application has been received, we will start the loan approval process immediately. This involves verifying your:

1. Credit history.
2. Employment history.
3. Assets including your bank accounts, stocks, mutual funds and retirement accounts.
4. Property value.

Based on your specific situation, additional documents or verifications may be required. To improve your chances of getting a loan approval.

Fill out the loan application completely.

Respond promptly to any requests for additional documents. This is especially critical if your rate is locked or if you plan to close by a certain date.

Do not make any major purchases. Do not buy a car, furniture or another house till your loan is closed. Anything that causes your debts to increase might have an adverse affect on your current application.

Do not move money into your bank account unless it can be traced. If you are receiving money from friends, family or other relatives, please contact us.

Do not go out of town around the closing date. If you do plan to be out of town when your loan is expected to close, you may sign a power of attorney to authorize another individual to sign on your behalf.

Close the Loan:

After your loan is approved, you will be required to sign the final loan documents. This will normally take place in front of a notary public. Be prepared to:

Bring a cashier’s check for your down payment and closing costs if required. Personal checks are normally not accepted.

Review the final loan documents. Make sure that the interest rate and loan forms are what you were promised. Also, verify that the name and address on the loan documents are accurate.

Sign the loan documents.

Your loan will normally close shortly after you have signed the loan documents. On refinance and home equity loan transactions, federal law requires that you have 3 days to review the documents before your loan transaction can close

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