Business Philosophy

When it comes to lending, I feel that it is important to be upfront with my clients regarding their loan. I have chosen, therefore, to elect to do business in a forthright manner.  I believe strongly in working in an upfront and fully transparent way.

The Best Rate at the Lowest Cost

My goal as a Mortgage Broker is to find the best possible rate at the lowest possible cost.  All lenders are not created equal and all lenders, from week to week, month to month, may be offering uniquely competitive rates for specific loan programs.  Shopping rates is one benefit of working with a Mortgage Broker versus going to a bank or other stand-alone lending institutes.  It is my job to find the most competitive lender whom will best fit your particular needs and then pass these savings onto you.   

Exceptional First Time Home Buyer Programs

In what is a very difficult market to buy a home, it makes sense to search out and make available every available “First Time Home Buyer” assistance program.  In general, these programs are based on offering loans with below market interest rates (usually more than half a point lower then the going rate) and down payment assistance loans that work as silent seconds.  These assistance loans don’t require the buyer to pay down any principle or interest and often times need never be paid back.  For a $650,000 home purchase, a First Time Home Buyer could qualify for roughly $32,000 in down payment assistance and would save $500 per month when combining the benefits of the below market interest rate and down payment assistance loans.  

Fee Structure

In the lending business there are a variety of fees charged by various parties involved in the origination of the loan.  Fees are generated by the title and escrow process, lender underwriting, a property appraisal,  loan origination fees, etc.  The exact fees you will be paying can be determined, for the most part, early in the loan process and will be communicated via the “Loan Estimate”.   The fees for my services  (known as loan origination fees) generally are set at 1.25% of the loan amount.    

You will find, however, that my fee structure is extremely fair when compared to the industry standard of  1.5-2.0% in total compensation.