Mortgage Information

The world of mortgages has changed a lot in the last year or so, and most people are looking for the safe and easy to understand mortgages of the past such as the traditional 30 year fixed or perhaps a 15 year fixed. We certainly can understand why people want something that they think they understand. Unfortunately the only thing these mortgages do is make banks rich. If you were to borrow $250,000 on a 30 year mortgage at 6.5%, it would cost you more than $318,000 in interest alone to pay off that mortgage.

We as a society also have a tendency to refinance our homes more often to pay for other debt like credit cards and car loans. I suggest that before you start looking to refinance your home to a shorter term or to consolidate debt that you look at the “Mortgage Payoff System” on our home page. You may also schedule an appointment with us so that we can discuss your best options.

If you are looking to get a new mortgage to purchase a home or investment property, you still have many options when it comes to getting a loan. The first thing that you need to do, however, is stop shopping “rates”, it really doesn’t matter that much when it comes to buying a home. We realize that there is a big difference between 8% and 4%, but we have seen people spend 3 months trying to save 1/8 of a percent only to realize they lost the opportunity to lock in a great rate.

If you are looking to buy a first home, second home, investment property or want to get into the “short sale” purchasing business we suggest that you contact us first. This way we can get the loan information needed to get you pre-qualified for what ever you would like to do. Then we will set you up with the best agents in your area to help you find the home that you are looking for though our many contacts in the industry.

If you would like to fax in a request for a mortgage you will find an attached form with most of the information needed to get started. All of your personal information (social security number for credit report) will be gathered either in person or over the phone.