Why Your Current Loan Servicer or Bank May Not Offer You The Best Rates

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Low Overhead + Low Margins = Low Rates 

A question that I am often asked is how I can offer a lower rate than the homeowner's current lender/servicer?

As a wholesale broker and owner, I receive wholesale rates which are generally .25%-.50% lower than what 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. 

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!
 
Bob McCormick, President
 
Toll Free 800-328-0144 
Email- McCormickLending@gmail.com


Lending in Arizona and California 


NMLS 175743 AZMB 0903631 CACFL 603j043

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