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Tuesday, February 27, 2018

New Program! Fannie Mae Loan Limits in Arizona to $679,650! (Compare to Jumbo)

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:
Fannie Mae and Freddie Mac Loan Limits to $679,650 in all of Arizona!

  • Min 680 FICO
  • Max 80% LTV/43% DTI
  • Eligible for primary and second homes
  • Lower rates, easier guidelines, and fewer docs than Jumbo

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   

Wednesday, February 14, 2018

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   

Tuesday, February 13, 2018

How We Can Offer Our Clients .25%-.50% Lower Rates Than The Competition (With The Same Or Lower Fees)!

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 our pricing model is the lowest in the industry. Generally saving our clients up to .25% - .50% or more on their rate versus the competition with the same or lower fees!




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

Friday, February 9, 2018

Shopping rates? Why the APR is the most important rate


Mortgage Quest
a dba of McCormick Lending Group, Inc.

What is the difference between a mortgage interest rate and an APR?

An annual percentage rate (APR) reflects the mortgage interest rate plus other charges. 

There are many costs associated with taking out a mortgage. These include:

  • The interest rate
  • Points
  • Fees
  • Other charges
The interest rate is the cost you will pay each year to borrow the money, expressed as a percentage rate. It does not reflect fees or any other charges you may have to pay for the loan.
An annual percentage rate (APR) is a broader measure of the cost to you of borrowing money, also expressed as a percentage rate. In general, the APR reflects not only the interest rate but also any points, mortgage broker fees, and other charges that you pay to get the loan. For that reason, your APR is usually higher than your interest rate.
If you have applied for a mortgage and received a Loan Estimate from one or more lenders, you can find the interest rate on page 1 under “Loan Terms,” and the APR on page 3 under “Comparisons.”