I get so frustrated every time I hear a news report or read the paper with another story about how there are no homes selling and no one can get a mortgage because all the mortgage brokers are so unethical. All mortgage brokers are not unethical! We do a lot of good for our customers.
We are helping a gentleman to lower his payment by $100/month and it's not costing him a dime out of pocket. Prior to a past client recommending our service two other loan officers from two different companies found on the internet, had stopped returning his calls after he had decided to go with them.
We are able to assist a woman lower her rate over 2 points, drop her payment over $350/mo. also at no out of pocket cost and nothing added to her current mortgage.
We were able to help a foster mom to get enough cash out to get a new furnace and new windows before the winter. My brother Tony even provided handyman services to get her home ready for the appraiser.
We just worked with a family, who in June had a credit score that would barely allow them to shop at Wal-Mart, to buy a home with less than 4% total out of pocket, and within 6 months, we will be able to help him lower thier rate and therefore his payment at no cost. We will continue to work with them to increase their scores to allow for a wider variety of mortgage options in the future.
We will be able to assist a 68 year old widow to eliminate her almost $1400 mortgage payment completely, and get either a monthly check or a lump sum payout, while being able to live in her home as long as she chooses.
There are lots of good loan officers out there with stories just like these. I wish the media would print some of these stories and stop manipulating statistics. This is the time to buy, there are lots of motivated sellers out there! This is a great time to refinance, mortgage rates are still at historic lows. This is the time to talk to a mortgage PROFESSIONAL to determine what is in your best interest. If you get any "funny" feelings that they are not being 100% honest, if they are not returning your calls, if you don't feel that they have your best interest at heart, look elsewhere! Get recommendations from friends, co-workers and family members.
The internet is a great place to get some basic information, and some education, but are you going to choose a doctor, a lawyer, a dentist, an accontant, a plumber by the lowest rate shown on the internet? Your home is by far one of your biggest investments, don't trust it to someone you will never see and isn't interested in your welfare. The rates shown on the internet are typically teaser rates to get you to call. Talk to them if you'd like, then call me, I bet you'll be surprised at what we can do to help.
If you are considering purchasing a home in Maryland and want to be sure you are mortgage ready, my brother Tony and I will be happy to help! We help to make the mortgage process a pleasure!
If you already own your home, we are happy to provide a no-cost mortgage review to help you to determine if refinancing may be in your best interest. Please contact me at 410-960-2061.