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 .25%+ 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
Bob McCormick, President
14362 N. Frank Lloyd Wright Blvd. #1000 Scottsdale, AZ 85260
Toll Free 800-328-0144
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Mortgage Quest a dba of McCormick Lending Group, Inc. Even though our business model focuses on offering Fannie Mae/Freddie Mac and FHA/VA interest rates generally .25-50% lower than the competition we also offer these loan options to help your buyer's secure financing: * IRA distribution income no seasoning *Utilize Liquid Assets in Lieu of Income for Qualifying *Clients Over 62 Years Old With Low Income- Utilize a Reverse Mortgage for Purchase *Cross Collateral Loan Program (No Downpayment Required) *Portfolio Underwriting 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 / CA CFL #603J043 / NMLS# 175743 179756
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It's Pretty Simple: Low Overhead + Low Margins = Low Rates Over 20 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