A Mortgage Consultant You Can Trust! THE FOUNTAIN GROUP is a full-service mortgage consultant for every type of real estate transaction, including purchases, refinancing, equity loans, second mortgages, foreclosures, debt consolidation and rehab loans. We will assist you in the loan product selection and application process. Our objective is to help you get the right loan at the best rate. A VARIETY OF PROGRAMS AVAILABLE: Fixed rates conforming. Non-Conforming. Adjustable. Balloons. Investor. Construction. No income. No-Doc. FHA / VA. First Time Home Buyers. Foreign Nationals. ARM programs include COFIs, LIBORs Convertible and Non-Convertible 1yr, 3yr, 5yr, 7yr and 10yr. Fixed or adjustable construction loans for new, improvements or rehabilitation with either a one-time closing or dual closings. Construction to Permanent loans.
Brokers/Consultants Often Give The Best Service Typically, in an A+ credit loan type situation, the borrower may find they are pleased with the overall services provided by any of the mentioned loan facilities. However, since most of these representatives are salaried employees with in-house loan qualification and rate guideline restrictions, they are often more successful with easy to process types of loans. And when there are any problems with title, credit, income, debt qualification etc., then they often reject the loan or raise the rate. Why? Well the loan becomes more difficult for them to get approved. The Independent Broker on the other hand, has an advantage in placing such loans. Because, the Broker tends to be more experienced in all types of loan placement and processing. Brokers gain much of their business through satisfied client referrals. And often tend to be more motivated towards customer satisfaction. And why not! It is their livelihood on the line! Since brokers are not salaried employees, they are often more motivated to spend the extra time needed with each individual client and loan. Partially, this is due to the fact that they ONLY GET PAID FOR THEIR SERVICES WHEN THEY SUCCESSFULLY ACHIEVE THEIR CLIENT'S LOAN. That shows confidence and service! According to the Mortgage Bankers Association, in 1999 9.7 million mortgages were issued for properties with one to four units. In 1997, mortgage companies originated 56 percent of all loans, 25 percent came from commercial banks, and 18 percent were from thrifts, largely savings and loan associations. So-called "others" (including credit unions) were responsible for less than 1 percent of all loan originations. While thrifts once dominated the home mortgage market, their share of loan activity has fallen from almost 50 percent in 1980 to 18.3 percent in 1997. What’s the difference between a mortgage broker and a banker? A mortgage broker is an independent real estate financing professional who specializes in the origination of residential and/or commercial mortgages. Mortgage brokers know where the money is. Instead of lending their own funds, they lend money from other sources such as banks, and savings and loan associations, etc. They find competitive mortgage pricing from various lending entities, insert their markup, and ask for that profit at closing. The concept is that because a mortgage broker has access to multiple lenders, they can shop for the best rates. A mortgage banker is different. A mortgage banker is an individual, firm or corporation that originates, sells and/or services loans secured by mortgages on real property. In other words, there are cases where a mortgage banker lends its own money, and other cases where it acts like a mortgage broker and lends money from other sources. THE FOUNTAIN GROUP works with most of the top mortgage lenders in America to provide you the best mortgage rates and loan programs available to us in today’s mortgage marketplace. They will search for a mortgage loan with the best mortgage rates whether you are a first time homebuyer or looking for home refinancing. Bad Credit is not a problem for our lenders....
Your Selection Of A Mortgage Consultant THE FOUNTAIN GROUP realizes that you have your choice of selecting between many different brokers, bankers, and loan officers to represent you in your next mortgage related loan. But please don’t just assume they are all the same. Many of these loan officers are restricted to offering only their own banks or company’s loan programs and rates. While THE FOUNTAIN GROUP on the other-hand, as an independent consultant has access to just about every other loan program, criteria and lender in the country! Then there is the issue as to these various representatives themselves. And how their individual efforts and abilities have plenty to do with the final resulting loan and rate you receive. Many loan / mortgage companies just don’t do the proper research to secure you with the best loan possible. Or in some cases, the loan and rate are pretty good, but the fees are a bit excessive. This is where THE FOUNTAIN GROUP feels that we are the greatest help to our clients, during the loan selection and processing phases. We work harder at doing a better overall job than most loan / mortgage companies seem to do. We believe it just boils down to us enjoying our work and feeling compelled to spend the extra time needed with our clients and their loan needs.
What's The Next Step The secret of successful financing is not all that complex. You just need a professional mortgage consultant representing you! You will need to use a mortgage consultant you can trust. If by chance, you have no such company, then please consider giving us a call so we can discuss your financial goals and needs. At which time, THE FOUNTAIN GROUP can provide you with some direction and free counseling.