Monthly Archives: September 2007
Considering a Mortgage Refinance
Posted September 20, 2007 – 9:00 pm in: Foreclosure, Mortgage rates, Mortgage recovery, rating agencies, refinanceIf you are looking for a mortgage refinance, it never hurts to shop around for the best rate and deal. Shopping around could mean the difference between paying or saving thousands of dollars in closing costs, and interest feesâ. If time happens to be on your side, and you donât need to refinance your mortgage immediately, take some time to educate yourself about the mortgage industry. By educating yourself about the mortgage industry, you are essentially putting yourself into the driverâs seat. There is so much mortgage jargon, terms, and definitions that will be thrown at you when considering a mortgage refinance, that it is impossible for any one person to understand everything. It is not necessary to become an expert in the mortgage industry. You just need to have somewhat of an understanding. This way, while you are shopping around for a mortgage refinance, your decision on which lender you want to work with, will be all the more educated. The mortgage industry is a very competitive one, so by shopping around, and making it clear that you are shopping around to the lenders or brokers you are dealing with, they will be forced to come back at you with the best deal possible. They know that they are competing with other mortgage companies, and they will not want anyone else to get your business, so they will offer you the best rate available to them in order to keep your business. Keep in mind when a loan officer or broker offers you a deal that sounds too good to be true, it just may be, so be careful. You donât want to get to the closing table only to find out you are not getting what you thought you were getting. Remember, before you commit to a lender, ask for everything they told you to be sent to you in writing, this way you wonât have any surprises at the table. This is why it is so important to educate yourself about the mortgage industry. With just a fair amount of knowledge, you will have a general understanding of what you are being offered, and you will be able to determine whether or not the deal is reasonable. My suggestion to you would be to allow for up to four loan officers or brokers to assess your situation. Whichever one comes back with the best, and most reasonable deal, should be the one for you to consider.
Jennifer Hershey has more than twenty years of experience in the Mortgage Industry as a loan officer. She is the owner of http://www.explainingmortgages.com/, a mortgage resource site devoted to making mortgage terms and products easy to understand.
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Posted September 20, 2007 – 9:00 pm in: Foreclosure, Mortgage rates, Mortgage recovery, rating agencies, refinanceBurnsville, Minnesota â” September 21, 2007 Capital Lending Services, LLC of Burnsville, Minnesota has recently expanded its Web business to commercial and residential buyers and is offering a variety of lending tools that make it easier than ever to buy or build a new home or commercial property in Minnesota. The company’s new Web site, MyLendingServices.com, spans from a locally-owned mortgage service that has been serving Minnesota residents in a very unique way since its beginnings. The majority of the company’s employees were born and raised in Minnesota and specialize in mortgages for that particular area. They are well-educated in local home and commercial property values as well as the local market trends in lending. This enables the company to give Minnesota residents the best possible service while building trust both online and off-line. “Capital Lending Services, LLC is bringing its services online so we can provide Minnesotans with a Minnesota-based Internet option for mortgages,” states Jason Lamberson, President/CEO of Capital Lending, LLC. The Web site provides helpful tools such as mortgage calculators and easy online pre-approval forms for first-time home buyers, new home constructions, home equity loans, refinances, and commercial loans. The company also specializes in equipment leasing and provides useful resources for home buyers. About Capital Lending Services, LLC The company was founded in February 2006 by Jason Lamberson, a Minnesota mortgage specialist since 1991. Lamberson started the company after selling his interest in another mortgage company. He wanted to start a local mortgage company that would not only provide lending services, but one that would educate Minnesotans on how credit and mortgages work, and how these can affect their lives. Lamberson has been in the mortgage and finance industry since 1991. He worked his way up the corporate ladder with three different large companies. In working with those companies, he became frustrated while watching profits become the top priority, not the customer. Lamberson feels that a company can be both profitable and customer-friendly. This is the approach he took when founding Capital Lending Services, LLC, and it is reason the company has been successful. Unlike many online lenders that often reach out to borrowers around the globe, both the company’s brick-and-mortar office and Web site serve only local Minnesota residents. “We keep all of our lending services local so Minnesotans will never have to deal with someone from a different state, time zone, or country to meet their mortgage needs,” states Lamberson. More information is provided at the Web address below: www.MyLendingServices.com
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