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)

Visit Us To See How We Operate Differently

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

 

 Toll Free 800-328-0144 

Lending in Arizona and California

"Don't Overpay For Your Mortgage"

mb0903631 nmls175743 nmls179756 Cadoc603J043

"Don’t Overpay For Your Mortgage"

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:

www.McCormickLendingGroup.com

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

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.

Visit Us To See How We Operate Differently

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

 

 Toll Free 800-328-0144 

Lending in Arizona and California

"Don't Overpay For Your Mortgage"

mb0903631 nmls175743 nmls179756 Cadoc603J043

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!  

Visit our website to learn more! 

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

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, California and Colorado

"Don't Overpay For Your Mortgage"

mb0903631 nmls175743 nmls179756 Cadoc603J043  EQUAL HOUSING LENDER

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.

Click Here For More Information 

Bob McCormick, President

 

Toll Free 800-328-0144 

www.McCormickLendingGroup.com

 Lending in Arizona and California 

"Don't Overpay For Your Mortgage"

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!

Visit us at www.McCormickLendingGroup.com 

"Low Overhead + Low Margins = Low Rates"

Bob McCormick, President

 

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

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

 

Toll Free 800-328-0144 

www.McCormickLendingGroup.com

 Lending in Arizona and California 

"Don't Overpay For Your Mortgage"

No Closing Cost Debt Consolidation and Home Improvement Refinances Available

Mortgage Quest

a dba of McCormick Lending Group, Inc.

No Closing Cost Debt Consolidation Refinance Available

• Pay Off High Interest Rate Credit Cards
• Consolidate a First and Second Mortgage
• Eliminate PMI
• Increase Monthly Cash Flow

Click Here For More Information 

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

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!

Click Here For More Information

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

No Income Verification Program For Rental Properties

Mortgage Quest

a dba of McCormick Lending Group, Inc

No Income Verification Program For Rental Properties

*This loan allows our borrowers to qualify only using the market rents on the appraisal.  If this amount is greater than the proposed mortgage payment the loan is qualified. No Tax Returns Needed!

For More Information 

Visit us at www.McCormickLendingGroup.com

Bob McCormick, President

 

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

Alternarive Underwriting Guidelines - Portfolio Loan Programs

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 your buyer's secure financing:

*Utilize Business Bank Statements For Income (No Tax Returns)

*Bridge Loans Available for Clients Needing to Purchase Before Selling

*Clients Over 62 Years Old With Low Income- Utilize a Reverse Mortgage for Purchase

*Liquid Assets in lieu of Income for Qualifying

*Limited Seasoning After Bankruptcy, Foreclosure or Short Sale

*5% Down and No PMI on Jumbo Loans Up to $750,000

*500 Fico Scores on FHA and 550 Fico for Conventional

*Quick Closing Private Money Loans

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

Bob McCormick, President

 

Toll Free 800-328-0144

 Lending in Arizona and California

"Don't Overpay For Your Mortgage"

AZMB#0903631 / CFL #603J043 / CO ID #20161226406 / NMLS #175743
Toll Free: (800) 328-0144 Fax: (888) 570-6740

  

Cross Collateral Loan Program

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 now also offer this loan option to help our clients secure financing:

Cross Collateral Loan Program

This program allows our clients to use the equity in their current home to purchase or construct a new home by obtaining ONE loan against the new property and the existing property combined.  When the existing property is sold and the principal balance is reduced the exisiting property is released and the loan is re-amortized over the remaining term; No refinancing is needed!

• ONE loan, which is secured by the new property and current residence
• May be able to borrower up to 100% of the new home and closing costs
• Provides ability to make a non-contingent offer

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

Bob McCormick, President

 

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

   

Our Interest Rate Protection Program (Hedge Rates)

Mortgage Quest

a dba of McCormick Lending Group, Inc

Interest Rate Protection Program

*As the owner I control how we price/offer our rates. We hedge our lenders and investors so we are able to lock in the rate upfront to be safe, but are able to offer Unlimited Free Interest Rate Floatdowns if rates improve throughout the process enabling our clients to obtain the best rate possible!

Visit us at www.McCormickLendingGroup.com

Bob McCormick, President

 

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

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

Freddie Mac Home One- Low Downpayment Loan

Mortgage Quest

a dba of McCormick Lending Group, Inc.

We are now offering the Freddie Mac HomeOne mortgage, which is a low down payment option that serves the needs of first time homebuyers and high LTV rate and term refinance. 

Highlights are described below.

Mortgage Features:

• 95.01-97% LTV
• Primary Residence Only
• Purchase and Rate and Term Refinances
• No borrower geographic or income limits
• At least one borrower must be a first-time homebuyer
• Homebuyer education for purchase transactions when ALL borrowers are first-time homebuyers
• Standard 35% MI coverage required for LTV’s >95%

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