Free Home Lending Pal Services
The offers that appear on this site are from companies from which Home Lending Pal receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Home Lending Pal does not include all lenders or loan options available in the marketplace.
What portion of Home Lending Pal’s services in connection with my loan request is free?
There is no cost to create a profile to get a home loan affordability estimate, get matched with lenders and receive conditional loan offers or service quotes. You may review the conditional loan offers or service quotes and talk to the lenders at no cost. Of course, the lender you choose may require a fee to process your formal loan application, appraisal, and/or credit report, but until you agree to pay the lender any fee(s), you may shop with Home Lending Pal at no cost.
How does Home Lending Pal get paid?
Home Lending Pal does not charge you, the consumer, a fee for its services. Who pays our bills? The service providers. Of course, you will be responsible for paying any loan processing, closing costs, service cost or other fees to the service provider with whom you choose.
Free Credit Score and/or Credit Report
While Home Lending Pal does use your free credit score and/or consumer reports (sometimes called “credit reports”) to provide you with information and opportunities regarding your current credit situation, This inquiry performed by Home Lending Pal is a soft inquiry and does not impact your credit score. Home Lending Pal DOES NOT offer, extend or alter credit. Home Lending Pal DOES NOT originate or fund any loans or products it markets. Rather it has a Network of Service Providers for you to shop and compare such products.
Home Lending Pal DOES NOT make credit decisions and is not a Lender. You may choose to speak with a lender and/or fill out one of their formal applications, it is at that time you can be offered, or obtain an extension of credit. If you choose to go through the formal application process with a lender you will be asked to authorize a “hard inquiry” on your credit. Home Lending Pal does share or transmit your credit score or credit report data with Lender you select on its Network.
Your Free Credit Score service is for you to have more control over your own financial situation. The Lender(s) you choose, NOT Home Lending Pal, will provide you with formal Credit Score and/or Credit Report Disclosures. THIS NOTICE IS REQUIRED BY LAW. Read more at FTC.GOV. You have the right to a free annual credit report from AnnualCreditReport.com or 877-322-8228, the ONLY authorized source under federal law. Home Lending Pal offer of Free Credit Score will last as long as Home Lending Pal can lawfully provide the same. Should at any point in time the free service cease, consumers will be notified that the service is ending.