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The subject of buyer california first home time
is a very popular topic these days. With mortgage interest rates
near all time lows, many homeowners are looking to refinance their
homes and save lots of money on their mortgages. Whether you are
looking to buy your first home or refinance the mortgage you already
have, we hope you will find the answers to your home financing
questions.
Take a minute to fill out one of our loan applications. It's quick
and easy and there is no cost or obligation. You might be surprised
how much you can qualify for. We hope to provide you with the
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For
Mortgage-Refinance Help, Get the Best Mortgage Professional, Not
a Bank Loan Officer - By Mark Barnes
When you need a mortgage -- either because you are buying, refinancing,
taking out equity or getting into investment real estate, you
need a good mortgage professional. Now, you may be tempted to
go to your local savings and loan, as they may promise lower fees
or zero costs. Meanwhile, in virtually every case, banks can't
compete with mortgage professionals on the two most important
things -- interest rates and service.
Also, the banker who promises very low closing
costs will probably be making his money on a higher rate, and
he'll likely try to sell you on discounting that higher rate,
by paying a percentage of the loan amount. This is a common tactic
bank loan officers use, and it is a very poor strategy in almost
every case for you to buy a rate.
Finally, bank loan officers can't come close
to the service of a good, honest mortgage professional. When dealing
with a bank, you have to go to them, you have to close your loan
where they tell you to close, you can only get your interest rate
locked in when you've jumped through all of their hoops (mortgage
professionals can lock your rate the day you call, over the telephone).
Mortgage professionals are in the service business.
Unlike bankers, mortgage professionals need you, because they
work strictly on commission. So, they will do everything possible
to make you happy, because they want your referrals, and they
want you to come back every time you do a loan. Good Mortgage
professionals will treat you like you are their only customer.
They give you their personal cell phone numbers and tell you to
call them anytime of day. They meet you anywhere - home, work,
your favorite coffee shop or restaurant, or any other place you
designate. They go the extra yard to close your loan.
I once helped an elderly gentleman, on a fixed
income, who needed to get cash from his house, in order to fix
a dilapidated roof. He had 14 liens against his home, which made
nearly impossible to refinance. I worked for a month, getting
all of these items cleared. I even dealt with a bank collector,
and got him to take thousands less for an old debt, just so we
could close the loan and the man could stop the rain from coming
into his home. Almost every bank loan officer would have sent
this man away, because they don't want to do this much work.
So, remember, you need a mortgage professional,
when getting any kind of home or refinance loan. Be sure you get
the best.
Mark Barnes is the author of the new novel,
The League, the first work of fiction, based on fantasy football.
He is also an investment real estate and home loan finance expert.
Learn more about his suspense thriller at http://www.sportsnovels.com
Get his free mortgage finance course at http://www.winningthemortgagegame.com.
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