At Intercoastal Financial Group, we pride ourselves on personalization, transparency and efficiency throughout the loan process. We do not partake in bait-and-switch sales techniques. We aim to let you know everything upfront. To help you better understand the process, we've put together a step-by-step guide of what to expect.
1. Complete our online application.
2. One of our knowledgeable and professional Finance Specialists will reach out to you by email, phone, or text.
3. Pull credit (with your approval) and evaluate
creditworthiness.
4. Underwrite the application properly and determine which one of our 18 banks will be the
best fit for you.
5. Submit to bank for Conditional approval.
6. Receive a decision from the bank within hours.
7. Contact the buyer and seller to explain what we need to move forward with the process.
a. Go over the stipulations associated with
the loan.
b. Start collecting documents to finalize the
process.
c. Discuss different programs available.
8. Prepare the final loan package to send for signatures (buyer and seller).
9. Once originals are in, we can fund the loan - send out the proceeds, payoff and taxes applicable.
10. You pick up and enjoy your new boat!
