Popular in Course
verified elite notetaker
Popular in Business
This 4 page Document was uploaded by an elite notetaker on Monday December 21, 2015. The Document belongs to a course at a university taught by a professor in Fall. Since its upload, it has received 10 views.
Reviews for San-Diego-HARP-Refinance
Report this Material
What is Karma?
Karma is the currency of StudySoup.
You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!
Date Created: 12/21/15
The Mortgage Planners are a full service mortgage lender based in San Diego, California and have been helping clients with home loans since 2003. They have Mortgage Banking and Broker channels available to their clients to help with purchase, refinance, and reverse mortgages. The Mortgage Planners are affiliated with West Coast Mortgage, a local Direct Lender in San Diego for the past 15 years. The benefits of being a direct lender include controlling the loan documents and funding of the loan, more competitive interest rates and fees, and quicker underwriting time periods. Ask questions and listen to our clients in order to fully understand their needs Create mortgage solutions that complement our client's overall financial strategy, and allow them to effectively accomplish their short and long term financial goals Be sensitiveto the fears that many homebuyers have about obtaining a mortgage loan and earn their confidence as a trusted advisor Use the latest technology to complement our customer service, making adjustments when necessary to avoid overwhelming our clients who are less technically proficient Respect our client's time and minimize the amount of effort required of them by applying our knowledge, experience, and resourcefulness Communicate regularly and proactively with our clients to keep them informed of the status of their loan and to reduce the stress associated with uncertainty Ensure smooth, on time closings with anticipated costs and terms Provide our clients the luxury of home loans in the future with minimal effort on their part Take full responsibilifor our actions and be honest at all times Seek to improve the quality of service we provide by encouraging each client to critically evaluate our performance Striveto honor God in all that we do The Mortgage Planners 10636 Scripps Summit Court | Suite 130 San Diego, CA 92131 Phone: 619.312.0612 Fax: 619.615.2055 able to attain flexibility in your A Wise Way To Afford payments. A Shelter What is LVR or Loan to Property Value Ratio? Every person has his own needs, situation, and - This is the portion that you will borrow financial status. Finding the right home loan of the total value of the property that is depends on those aspects and that is why it is used as a bond for the loan. important for a person to focus on his personal Ways to apply: preferences when shopping for one. Not all of us are blessed with wealth and are able to buy a Complete an application online. house outright since this can put us in a risky You can personally visit the main office. status. Purchasing a single need and using most of our money in it is not wise. We need financial You can contact an agent and he can come to you to help you process your aid to obtain some of our essential needs. We application. must also keep in mind that investing in a shelter is profitable because unlike cars, it does Over the phone. Your bank will offer it and process it for not depreciate over time as long as it is situated you as long as you earn a certain in a convenient location. amount that they like. It can be very hard at first and you need to be Once you have made a decision on which firm tight in our budget to pay off your mortgage but to sign a contract with, know all the once you are done, you will gain so many benefits and advantages of having your own requirements that you need and prepare them all. To make this investment cost-effective, abode. Being in your own comfort zone provides you with peace of mind especially if make sure that you choose the right property. Consider the location of the house, the you are starting a new life with your family. durability of the structure, the water system, There are so many good things to earn once you get approved for a loan. Read on and and you can hire a professional who knows how to determine if the property is in a good understand more about it. condition and has a right price. Be wise when Know the types of home loans: making decisions in this project so that you will see the value of your cash. Fixed rate – If you are worried about the rising interest rates, fixing your rate is good for you since the rate remains through the term of the loan. Variable rate – As its name imply, you have the option for this one. You will be The Mortgage Planners 10636 Scripps Summit Court | Suite 130 San Diego, CA 92131 Phone: 619.312.0612 Fax: 619.615.2055 Choosing The Right The brokers should be expert in this kind of field. If they are not, they will not be able to Mortgage Broker give you the best deal that you aim to have. It would help if they could give a reference about If you plan to purchase your own home, you will their previous clients. You can contact the have to consider financing. The best way to clients and ask for feedbacks about the agent attain this is by getting a mortgage broker to that will be working with you. You can also ask assist you with the whole process. They will for recommendation from your relatives and look for possible loans that would work for your friends who have tried their services. needs and preference. But before you think about that, you need to find first a reputable The role of mortgage brokers is not to force you into a specific loan. Those who do this are more broker that could aid you in finding the perfect abode for your family. focused on the profit that they can earn and not the interest of their clients. Their job is to GET TO KNOW THE AGENT inform their clients about their situation and Brokers are independent professionals who are they could also give suggestions on what loan option will work best for their situation. They not connected with any particular bank or will present to you various kinds of financing, lender. However, they can contact various the mode of payment, interest rates, and terms. lenders in your locality and they can come up As the client, it is your responsibility to weigh with the best rates. If you will work with them, your options to ensure that you will get the there will be many benefits that you can gain right choice. from them. You will have many options that you do not ordinarily get with a lender. Brokers are also responsible for your documents. They will be one who will submit it Mortgage brokers are the people that you to the lending firm. Most of the transactions should talk to should you decide to get a loan will be done by them. Also, they will assist you for your dream home. There are many agents in with the process particularly with the paper the market, but don’t hastily decide and pick works which can be tedious to do. any of them to work for you. You have to be careful when you make decisions such as this. Finding the right mortgage broker can be a Don’t rush, but give it time and you will find the tough job to do. Just make sure that they are best one whom you can work with. certified to work in your area to ensure that they are competent and can be trusted. The Mortgage Planners 10636 Scripps Summit Court | Suite 130 San Diego, CA 92131 Phone: 619.312.0612 Fax: 619.615.2055 for these individuals a proof that they are indeed licensed to sell loans. Helpful pointers on 2. Get referrals from friends and family members. How to Choose a Mortgage Broker In order to avoid getting involved in a sham, it is going to be best to ask for advices first. And who could be the best persons to ask for some A mortgage broker is an individual who acts as a bridge between a client and financing other than your close friends and members of the family. Apart from these people, you can institutions who offer monetary assistance. also seek help from lawyers. They also act as an as a guide for men and women who are interested in availing a loan. 3. Ask some questions. Most of the time, these professionals are found in working banks and investment agencies, but It is better to seek enlightenment on matters there are a couple of them who work as a free you do not know in comparison to pretending that you know everything. When choosing for lancer. an agent, imposing inquiries to them is rather The task in searching for a good mortgage essential since it can help you decide whether broker is considered to be a complicated one the person is knowledgeable in his or her field due to the fact that there are so many of them of work. In order to be more prepared, it is in the market these days. On the other hand, going to be better to list down the questions there are a couple of things people can do in you might want to ask. order to make their search a whole lot easier. Find below are a couple of tips and pointers to 4. Experience matters. do this: When selecting a dealer, his or her experience should be one of the first things to look into. 1. Meet them in person. The reason as to why this is important is Keep in mind that these individuals, unless you because you are going to be able to determine know them beforehand, are practically his or her capacity to look for purchase loans strangers. Whether we like it or not, there are a that are most suitable for your needs and number of persons who would often times act limitations. as broker agents in order to get money from innocent people. In relation to this, it is going to be very wise to meet a prospective dealer face- to-face so as to minimize the chances of getting hoaxed. In addition to this, you can easily ask The Mortgage Planners 10636 Scripps Summit Court | Suite 130 San Diego, CA 92131 Phone: 619.312.0612 Fax: 619.615.2055
Are you sure you want to buy this material for
You're already Subscribed!
Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'