Why Your Current Loan Servicer May Not Offer You The Best Option

Mortgage Quest

a dba of McCormick Lending Group, Inc.

Low Overhead + Low Margins = Low Rates

Without question mortgage rates are a very hot topic..

Interest rates remain very, very low and many have already taken advantage of these incredible rates.  

One common question that  I am often asked  is how I can generally offer a lower rate than the homeowner's current lender/servicer (even though I may have originally closed the original loan for the homeowner with this same servicer)?

As a wholesale broker I receive wholesale rates which are generally .2$% or $2,500 lower in costs than a homeowner's current loan servicer will offer directly as they price rates as "retail" and not "wholesale".

Their hope is that the homeowner does not question the fact the loan servicer is only handling the mortgage payments (most of the time Fannie Mae, Freddie Mac, HUD or VA owns or insured the loan) and a brand new loan has to be originated on any refinance. 

Ironically, I  work directly and receive wholesale rates from a very well known "automated" lender that advertises day and night on television, internet and the radio through their retail channel.  But, when comparing our "wholesale rates" versus their "retail rates" we are on average able to offer .375% to .50% lower rates for our clients!

If you have any questions or would like to make sure that you are in the best mortgage available feel free to contact me.  And, as always, your referrals are greatly appreciated!

 

Visit us at www.McCormickLendingGroup.com

Residential-Portfolio-Private Lending

 

Bob McCormick, President

 

 14362 N. Frank Lloyd Wright Blvd. #1000  Scottsdale, AZ 85260

Office 480-905-1135 

Toll Free 800-328-0144 

In-House Bridge Loans Available (purchase before selling and remove contingency)

Mortgage Quest

a dba of McCormick Lending Group, Inc.

We offer In-House Bridge Loans for borrowers who want to purchase a new property prior to selling their current property.  Great rates, flexible terms and no upfront cost or monthly payment options available!  

Visit our website to learn more! 

Bob McCormick, President

Office 800-328-0144

Contact Me

www.McCormickLendingGroup.com

 Lending in Arizona and California

"Don't Overpay For Your Mortgage"

mb0903631 nmls175743 nmls179756 Cadoc603J043  Equal Housing Lender

Wholesale Interest Rates For Our Clients!

Mortgage Quest

a dba of McCormick Lending Group, Inc.

Low Overhead + Low Margins = Low Rates

For the past 20 years we have built amazing business relationship agreements with large and small banks, mortgage wholesalers, portfolio and direct mortgage banks. Being that we handle the origination and loan processing for these sources we receive Wholesale Interest Rates which are discounted from Retail Rates (rates offered from bank branches, direct mortgage lenders, retail mortgage bankers, etc.).

As the sole owner/loan officer I control our pricing model and do not need to mark up or "pad" these low rates as there are no loan officer employee commission splits, large overhead expenses, etc. Thus, these rates are passed on to my clients generally saving them .25-.50% or more on their rate versus the competition (with the same or lower fees).

Contact Me Here For A Quick Quote

Bob McCormick, President

 Toll Free 800-328-0144  

Visit Us Here

Lending in Arizona and California

 mb0903631 nmls175743 nmls179756 Cadoc603J043 Equal Housing Lender

Low Overhead + Low Margins = Low Rates

Mortgage Quest

a dba of McCormick Lending Group, Inc.

Having worked for a few of the large banks and mortgage banking firms prior to starting Mortgage Quest in May 2000, I learned how and why these mortgage companies need to mark-up their rates that are offered to the public: large overhead expenses including office salaries, commissions, large rent/office space, several layers of management, extra quality control costs due to large staffing, etc. Mortgage Quest was established with a business model that has reduced these large expenses so that our operating margins are the lowest in the industry and the need to mark-up interest rates was eliminated: By being the sole-owner/ loan originator for Mortgage Quest I personally control our pricing model generally saving our clients up to .25% - .50% or more on their rate versus the competition.

Click Here For A Rate Quote

Bob McCormick, President

 Toll Free 800-328-0144  

www.McCormickLendingGroup.com

 mb0903631 nmls175743 nmls179756 Cadoc603J043 Equal Housing Lender

Rates Have Dropped! No Cost Loans Available!

Mortgage Quest

a dba of McCormick Lending Group, Inc.

Mortgage Rates Are Low!  Click Here To See How We Operate Differently So That You Don't Overpay For Your Mortgage!

"The 15 basis point fall left 30-year rates back at their lowest level since late 2016 according to figures released by Freddie Mac.

Compared to this time last year, 30-year fixed rates were down by 100 basis points.

More significantly, 30-year fixed rates are down by 134 basis points since last November’s most recent peak. The slide also left mortgage rates at their lowest level since the month of Trump’s inauguration…"

Click Here For A Quick Rate Quote

Bob McCormick, President

Toll Free 800-328-0144 

www.McCormickLendingGroup.com

 Lending in Arizona and California 

"Don't Overpay For Your Mortgage"

mb0903631 nmls175743 nmls179756 Cadoc603J043  Equal Housing Lender

One-Time Construction Loan (Rate Never Changes)

Mortgage Quest

a dba of McCormick Lending Group, Inc.

Overview of our True "One-Time" Construction Loan

*New Construction or Major Remodel

*Owner Occupied or Second Home

*Loan Amounts to $2,000,000

*Loan to Value to 80% (85% on exception)

*30 or 15 year fixed rate
(Rate is locked upfront and WILL NOT change as it is also the Permanent Loan as well)


Contact me with any questions or scenarios 

Bob McCormick, President

Toll Free 800-328-0144 

Visit Us Here

 Lending in Arizona and California

"Don't Overpay For Your Mortgage"

mb0903631 nmls175743 nmls179756 Cadoc603J043

Industry Leading Low Cost Reverse Mortgages! (Lowest Margins and Costs)

Mortgage Quest

a dba of McCormick Lending Group, Inc.

As the owner of Mortgage Quest I control our pricing model and have lowered our margins and costs for our clients!

• We offer extremely low margins and costs on our Reverse Mortgages  to help preserve as much equity as possible over the life of the loan (most reverse mortgage lenders do not offer this as they want to maximize their own profit)

• For borrowers over 62 years old looking to purchase or refinance

• Only have to qualify to prove ability to pay annual property taxes and insurance
• You always keep title and own your home

Visit our website to learn more!

Bob McCormick, President

Toll Free 800-328-0144 
Email Me

 Lending in Arizona and California

"Don't Overpay For Your Mortgage"

mb0903631 nmls175743 nmls179756 Cadoc603J043  EQUAL HOUSING LENDER