Keys That Insure You Get the Best Loan For Your Unique Needs

Here are critical factors that you must consider when selecting both a loan program and a lender: What are the most important factors in determining the loan that is best for your unique needs? It is knowledge. Nowhere is the proverb "knowledge is power" more true than in selecting your home loan. That is why when you are choosing a lender you should look for the advice, expertise, and systems that can give you the knowledge you need to make the wisest financial decisions possible. In this report you'll learn about 3 critical systems that I utilize to insure you get the most insightful knowledge available. Selecting a home loan is an important decision. Your choice of both home loan and lender carry long lasting and life changing consequences. So, please read about these important factors that will help you maximize your savings and build the foundation for a secure financial future.

A lowest total cost philosophy and mindset :

How do you get the best loan? The most important factor in determining the best loan for your unique situation is not interest rate, but rather the true, lowest total cost. Let me explain…Rates, fees, points, processing, closing costs and more-- how do you sort it all out? What are you truly paying for your home loan? The gauge that many consumers use to decide which loan makes the wisest choice is usually interest rate alone. And while this seems like common sense, it can actually be a mistake that could cost them thousands of dollars. How is this possible? It is because the true, total cost of a loan is determined not just by the interest rate, but also by other variables like fees, closing cost, processing, and most importantly, the time you plan to live in the home. The only way to truly know if you are getting the best loan is by having a "total cost analysis" performed on several different loan programs that all factor in your unique circumstances.

Why don't other lending institutions share this information with their clients?

It takes a lot of work for a loan officer to give you the lowest total cost, say over a period of 7 years, on just one loan. To give you accurate information on four or more different loan programs would be overwhelming. Yet, without this information, you cannot make a truly informed decision. That is why I have invested hundreds of dollars on an exclusive software program. This program allows me to give you a detailed total cost analysis on not only one loan program, but four different programs simultaneously. And I can do it in just 5 minutes.

Now you can see in black and white what the best loan is for your unique situation. No more guessing. No more deciding by interest rate alone. In fact, you can now run different scenarios that can tell you…

• Which home loan will help you build valuable equity most quickly.
• Which loan is easiest on monthly cash flow.
• Which option will get you debt free the quickest.
• What loan has the best tax breaks.
• How down payment can affect total cost and interest rates.
• Which choice has the lowest total cost over the time you live in your home.

With this information in hand you can make your decisions with confidence. Your home loan is one of your largest investments. So much is riding on your decision. So, do not choose a mortgage program without seeing the true, total cost picture. Now let's take a look at a second way I can help you capture even more savings on your home loan.

I make sure your loan is the best - both now and in the future.

The only thing any of us can predict with 100% accuracy about the future is that things will change. And those changes can have a profound effect on how well your current loan fits your future financial goals. I want to make sure that you not only get the best loan you possibly can right now, but I want to make sure it stays the best loan for your future. That is why I have access to an exclusive service for my clients called "RateWatch". This unique service keeps you informed and aware of the most important financial changes in the market. Even more importantly, RateWatch can keep you from missing critical windows of financial opportunity. You see, the worst feeling in the world is to know that you have missed out on a great opportunity that was easy to take advantage of. It feels even worse when that missed window of opportunity costs you thousands of dollars. Too many times over the years clients have called about refinancing their homes two weeks too late. Interest rates had climbed back up. They say, "If only I had known the rates were so low, I would have refinanced." Unfortunately, once that window of opportunity to save thousands by refinancing slams shut, it often stays shut for years.

To solve this frustrating and costly problem for my clients, the RateWatch service was created. As a client of mine, you are automatically enrolled in this program. That means that you will receive regular updates that compare your existing mortgage loan to the best possible loan on the market. In your hands you will have a side-by-side comparison of interest rates, monthly savings, and total loan cost. You will see in black and white whether it is time to refinance or not. And you will receive this information in time to take action if the savings are large enough. RateWatch will also inform you about how much money you can save and how quickly you can build equity by making small additional principal payments. The Mortgage Analyst RateWatch program gives you a powerful edge in achieving a secure financial future.


How the power of choice can give you the best loan

When selecting a loan, you have two roads available to you. The path you choose can decide whether you truly get the best loan for your needs. The first path you may choose is to work directly with a single lender. The second direction you can travel is to work with a mortgage broker. A lender actually funds your loan. They only offer a few loan programs and do not represent any other lenders. On the other hand, a mortgage broker may represent anywhere from 5 to 50 or more different lenders. In our case, we represent over 30 different lenders from across the United States.

The main disadvantage of going with a lender is this...

A direct lender will change their rates every day. And there is no one lender who consistently has the lowest rates on a daily basis. So if you talk to a lender, they may have great rates one day, but that doesn't mean they will have even close to the lowest rate 5 days from now when it is time to lock in your loan. But as a broker we have the ability to deal with lenders that have the lowest interest rate on any given day. With today's hectic schedules it is impossible for most of us to find and contact 30 separate lenders from across the United States trying to find the lowest interest rate on any given day. On the other hand, those lenders contact us every morning to let us know what their interest rates are. Plus, since we have multiple offices throughout Virginia, West Virginia and Tennessee, we get preferential rates and terms that just aren't available to some other brokers. And that means savings to you. And just as importantly, I can find lenders that have better policies more suited to your unique needs.

You see each of those lenders has different lending policies. Simply put, some are more lenient, some are tougher, and some prefer certain borrower/loan scenarios while another lender wants something completely different. As a broker I have the unique advantage of knowing which lender is the most likely to accept your unique loan package. That means you can be sure of not only getting a better loan but also of having the smoothest lending process.