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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

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"

Monday, November 5, 2018

How To Save Money With Higher Home Values and Rising Rates

Mortgage Quest
a dba of McCormick Lending Group, Inc.


With Higher Home Values Borrowers Are Able to Utilize Equity And Pay Off Higher Interest Debt Saving $$$

  • Utilize Home Equity and Pay Off High Interest Credit Card Debt
  • How To Eliminate PMI
  • Convert your adjustable rate to a fixed rate
  • Utilize the equity in your home for home repairs/remodeling
  • Combine a first and second mortgage into one loan and Lock in rates

If you have any questions or want to just make sure you are in the best situation feel free to contact me.

As always, I also greatly appreciate your referrals (family, friends, co-workers, etc) that may also have questions.   Thank you!

"Low Overhead + Low Margins = Low Rates"


Bob McCormick, President

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Office  480 905-1135
Toll Free 800-328-0144 
McCormickLending@gmail.com


 Lending in Arizona and California

"Don't Overpay For Your Mortgage"


NMLS 175743 Equal Housing Lender

Thursday, November 1, 2018

The Difference Between Wholesale and Retail Mortgage Rates

Mortgage Quest
a dba of McCormick Lending Group, Inc.
Wholesale Vs. Retail Mortgage Rates Explained

We work with several banks. mortgage wholesalers and mortgage bankers that allow us to shop rates for our clients.  Being that we do all of the processing for these sources we receive Wholesale Rates which are always discounted from Retail Rates (rates offered from bank branches, direct mortgage lenders, servicers etc.).

There can be a large variance (both positive and negative) between lenders on a daily basis on the Wholesale Rate as they compete for market share.  Thus, being that we have several sources to choose from for our client we always have aggressive rate options.

Once we close a loan for our client the loan is then serviced by the bank, lender or servicing company.  At times they have a Retail division that may solicit the client or make it seem that they can streamline the mortgage process as they currently have the loan in their servicing department.  But, with any new loan the process has to start over from the beginning.  It is also important to note that they only offer a Retail Rate and not the Wholesale Rate at that point.

Generally, the difference between a Wholesale conforming 30-year fixed-rate is .25% lower than a Retail rate and up to .50% lower on an FHA or VA loan. Over the life of the loan that equates to a large amount of savings for our clients.

Click Here For More Information 


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"

Wednesday, October 31, 2018

Freddie Mac Home Possible 100% and FHA 100% Mortgages with Down Payment Assistance

Mortgage Quest
a dba of McCormick Lending Group, Inc.
We are now offering the Freddie Mac Home Possible 100% and FHA 100% mortgages with Down Payment Assistance, which are zero down payment options that serve the needs of first-time homebuyers.   We are also able to utilize our aggressive pricing model on both programs!



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