CHOOSING A MORTGAGE COMPANY

 

If you wish to "shop around" (and we recommend you do), compare the following:

Interest rate

Fees

Application Fee

Service

Free, in-depth prequalification

  • 100% approval rate. We have never had a client rejected, in part because we take the time to "cross-the-T's & dot the I's" upfront! -- Click here to go to the prequalification page

Origination and processing provided by one person

  • Only one contact during the transaction. In addition, this person is available to give rate quotes, status updates, advice, and answer questions 24 hours/day, 7 days/week.

Status reports

  • This report can be faxed at regular intervals or upon request. The report lets our clients know exactly what documentation is still outstanding and thus where they stand in the approval process.

Close, personal, and detailed attention to our customers

  • Referrals comprised 100% of our business in 2015!

Review closing costs with clients prior to settlement

  • Our clients thus know how much money (and in what form) will be required at settlement. We also review procedural issues associated with settlement so clients are never faced with any "surprises."

Attend all settlements

  • A PMC representative will attend your settlement with you. This benefits our clients in 2 ways: we review for accuracy and explain all of the mortgage papers that are required to be signed. We also review all the closing costs to ensure that the mortgage company charges do not exceed their quotes.

Independence

  • PMC is proud to be an independent mortgage broker (see About PMC) and thus our loyalty is with you. While we have access to many different lending sources, we do not work for them - we work only for you! In addition, PMC is not, nor ever will be part of any affiliated business arrangements with real estate sales firms. As such, we are able to give our clients unbiased, independent advice.

 

Once you have selected your mortgage broker and have formally applied for the loan, you need to work with your real estate agent to satisfy any and all contingencies listed in your agreement of sale. At the same time, you need to gather any and all outstanding documentation that your lender needs to get you approved. The lender should be able to deliver a mortgage commitment (your formal approval) within 30 days.

When you feel confident that your mortgage application will be approved, you should order your title insurance and homeowners insurance. PMC recommends that you shop and select these third party service providers yourself - it's your legal right - no one involved in the transaction can dictate whom you should choose.

Once approved, you should work as quickly as possible with your mortgage broker and realtor to satisfy any conditions associated with the final approval to be properly prepared for settlement.

If you have any questions regarding this information, contact us at the numbers listed below.

 

** FEEL FREE TO PRINT THIS PAGE FOR YOUR REFERENCE **


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