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ortgage, close on a new mortgag for the purchase of a new homee you ne
ed to call loanpros. We specialize in saving you money at closing of your mortgage. Be it a conforming or non-conforming loan we can save you money at your closing. Will you use a mortgage broker, will it be a fixed or variable rate mortgage do you trust your closing agent? Did you know they work on comission? We are not a mortgage lender, we are a free service to assist you by saving you money when you close on your mortgage loan. We dont do e-loans, mortgages, fixed or variable rate loans, in fact we dont loan on mortgages at all, just a free service to save you money and give the you peace of mind in knowing you got the best deal possible at the closing of your mortgage.
There is no fee for our service unless we are able to save you money. If we can't save you money.....there is absolutely no fee. It's that simple! If we are able to assist you with a savings, our fee is based on a percentage of the amount saved and is not collected until the time of closing. As a homeowner, you have absolutely no risk by using our service. We've received countless letters from customers stating "it's about time someone thought of a service like this!" Everyday thousands of homeowners across the nation sit down at a closing agent's office and "blindly" sign documents without really reviewing the numbers. As former lenders we understand that the average person believes that their loan originator is working in their best interest. However, there is one fact that is true in every case: loan originators work for the lender and their job is to make money for the lender. Many people don't realize that most loan originators actually work on commission. Why would a loan originator work to lower your closing costs if their paycheck comes from your fees? Also, why would the closing agent work to have your fees lowered? Closing agents make an excellent income closing mortgage loans. Lenders want to work with closing agents who close their loans quickly and with little questions. If a closing agent is in "good graces" with a lender then they have a very profitable business. Many homeowners rely on their lender to refer a closing agent. Just to give you a little background, up until the 1990's getting a mortgage loan meant that you had to have "A" credit. In the 90's a whole new form of lending opened up called "non-conforming". What "non-conforming" lenders do is offer mortgage loans to people who do not "conform" to the normal standards (i.e.: credit problems, self-employed, manufactured homes just to name a few). While there is a great need for these non-conforming lenders there is a major problem. The fees associated with these loans are extraordinarily high. It is not at all unusual for a loan origination fee to be 8 of the loan amount. This means that on a typical $60000.00 loan the origination fee is $4800.00. The non-conforming lenders are able to collect the fee by explaining that it is necessary to grant the loan. But remember.....these originators work on commission. When a customer does complain about the high fee it is sometimes lowered but only after RAISING the interest rate! It is absolutely crazy what is going on in this industry. If you sit down one evening and make a point of noticing, you will probably see at least 4 commercials for mortgage companies trying to get homeowners to refinance. It is a booming industry and it is not going to slow down in the future. Unfortunately, there will always be homeowners with credit card debt and credit problems. These homeowners aren't as concerned as they should be with interest rates. As people try to get out from under the burden of their credit card debt there will always be a need for non-conforming.The average homeowner would be shocked at the fees that can be eliminated. The fees are often referred to by lenders as "junk fees" when a homeowner isn't listening. The lending institutions are taking advantage of homeowners and depriving them of their home's equity. We know the secrets to having these fees waived and put our knowledge to work for you. Every homeowner needs an unbiased person with no ties to their lender or closing agent reviewing the final figures before signing. We work for you to save you money. Show me how to SAVE
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