Mortgage Consulting

Market Resources

America's Wholesale Mortgage Broker ^TM

MORTGAGE CONSULTING

ALREADY HAVE A LENDER ? - WE CAN STILL HELP !

Getting a home loan can be a complicated and frustrating experience and you never really know if you're getting a fair deal. As a 23 year mortgage broker, a graduate of The School of Mortgage Banking and the previous mortgage sales manager for a major U.S. bank, Terry Donovan has seen it all.

Did you know that if you went to three different loan officers at three different branch offices of the same bank you could get three different interest rate quotes for the exact same loan? It's true...

If you've already chosen a lender, you can benefit greatly by having an independent mortgage expert help you through the process. You can take advantage of Terry's many years in the mortgage business and for only a $495.00 consulting fee payable in advance, he'll make sure that your lender gives you a fair deal, including:

Evaluate your lender's Good Faith Estimate and compare
their quoted rate to those offered by other wholesale lenders
for the same date.

Discuss the loan program you've chosen and compare it to
others that are available for your property type.

  Evaluate your loan-to-value ratio as it pertains to
     any mortgage insurance requirements - how it may affect
     your pocket book and how you might avoid the requirement.

  Discuss any of your lender's loan processing requirements
     that you are not comfortable with and recommend possible
     alternate solutions that you can offer them.

Evaluate your appraisal and point out areas that you need
     to pay special attention to such as the comp grid, excessive
     line-item adjustments, functional obsolescence, and the
     reconciled value.

Discuss the market timing of your interest rate "LOCK" and
give an educated opinion regarding your lender's promised
versus locked rate.

Evaluate your final Truth In Lending disclosure, HUD-1, Points,
Yield-Spread-Premium, and all other charges relative to those
promised on your Good Faith Estimate.

Discuss in detail any questions you might need to ask your
lender to clarify any approval or rate related issues that might
arise and hopefully lead to a resolution.

We will basically look over your shoulder from the beginning to the end of the process and "red flag" anything we see that you need to be aware of, and do our best to explain it so that you can make an informed descision how to handle it.

461 Cascade Way - Eastsound, WA 98245
Office Phone: (360) 376-5194
E-Mail: terrydonovan@sanjuanmortgage.com

America's Wholesale Mortgage Broker ^TM