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Monday, January 7, 2019

Self-Employed Borrowers- Qualify Without Tax Returns!


Mortgage Quest
a dba of McCormick Lending Group, Inc.

Even though our business model focuses on offering interest rates generally .25-50% lower than the competition we also offer these loan options to help our clients secure financing:

*Utilize Business Bank Statement Deposits For Income (No Tax Returns)

*Borrowers Over 62 Years Old - Utilize a Reverse Mortgage (Minimal Income Needed)

*Liquid Assets In Lieu Of Income For Qualifying (Asset Depletion Formula Used)

*No Income Verification For Rental Property Loans


Feel free to contact me or visit us at www.McCormickLendingGroup.com 

Bob McCormick, President

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Toll Free 800-328-0144
Email  McCormickLending@gmail.com
 Lending in Arizona and California

"Don't Overpay For Your Mortgage"


AZMB#0903631 / CFL #603J043 /  NMLS #175743

Toll Free: (800) 328-0144 Fax: (888) 570-6740


Equal Housing Lender   

Monday, December 17, 2018

Higher Loan Limits For 2019!

Mortgage Quest
a dba of McCormick Lending Group, Inc.


Higher Loan Limits for 2019!

  • New Base Conforming Loan Limits (Fannie Mae/Freddie Mac) and VA $484,350
 FHA Base Loan Limit Is Now $314,827

  • California Loan Limits Up To $726,525 (County Specific)



If you have any questions please let me know or if you have a client that would like a rate/fee quote on a mortgage scenario I would greatly appreciate the opportunity to offer one!


Bob McCormick, President

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 Toll Free 800-328-0144 

Lending in Arizona and California


"Don't Overpay For Your Mortgage"

mb0903631 nmls175743 nmls179756 Cadoc603J043

Wednesday, December 12, 2018

"Don’t Overpay For Your Mortgage"

Mortgage Quest Logo

It's Pretty Simple: Low Overhead + Low Margins = Low Rates


Over eighteen years ago, after working for large banks and mortgage banking companies, I figured out how to operate a mortgage company utilizing a business model which allows us to offer ultra-low interest rates for our clients.  As the owner I control our pricing model which keeps our rates generally .25-.50%+ lower than the competition!  Also, we are able to offer free and unlimited rate floatdowns after a loan is locked ensuring the lowest rate possible for our clients.

To see how we operate differently visit us at:



Call Toll Free 800 328-0144 or
Email  McCormicklending@gmail.com

Bob McCormick, President

Lending in Arizona and California 


nmls 175743 azmb 0903631  cadbo 603J043 Equal Housing Lender

Monday, December 3, 2018

Beat The Bank! How We Operate Differently and Save Our Borrowers Money

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:
  • As the owner, I control out pricing model. Generally saving our clients up to .25% - .50% or more on their rate versus the competition.
     
  • We utilize the industry's most recent loan origination software and automation which helps make the loan process run extremely efficient and smoothly which keeps operating costs and margins very low.

If you have any questions please let me know or if you have a client that would like a rate/fee quote on a mortgage scenario I would greatly appreciate the opportunity to offer one!


Bob McCormick, President

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 Toll Free 800-328-0144 

Lending in Arizona and California


"Don't Overpay For Your Mortgage"

mb0903631 nmls175743 nmls179756 Cadoc603J043

Wednesday, November 28, 2018

Low Cost 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!  

Bob McCormick, President

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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

Thursday, November 22, 2018

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



Bob McCormick, President

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Toll Free 800-328-0144 
Email Me


 Lending in Arizona, California and Colorado

"Don't Overpay For Your Mortgage"


mb0903631 nmls175743 nmls179756 Cadoc603J043  EQUAL HOUSING LENDER

Tuesday, November 6, 2018

Is Your ARM Coming Due? Refinance With No Cost Into A Fixed Rate!

Mortgage Quest
a dba of McCormick Lending Group, Inc.
Is Your ARM Coming Due?  Refinance With No Cost Into A Fixed Rate!

A lot of mortgages were originated 5-7 years ago with an adjustable rate loan and these loans are coming due or adjusting.  Most of the loans were based on the T-Bill or Libor and the anticipated adjusted rates will be over 5.5% (and still able to adjust afterward).

You can convert these loans into a Fixed Rate (No Cost Available) at a lower rate!

If you have any questions or would like a Quick Quote let me know.


Bob McCormick, President

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Toll Free 800-328-0144 

www.McCormickLendingGroup.com
 Lending in Arizona and California 

"Don't Overpay For Your Mortgage"