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Years of experience in real
estate and financing prompted the creation of this booklet.
The most consistent comment from clients is a sense of
frustration about the loan procedure.
There’s not a lot of logic or
common sense involved in obtaining financing for your home.
It’s very tedious and process oriented. There are many
quasi-governmental agencies and regulatory
bodies acting as watchdog to the mortgage industry. For a
brief time you will be a victim of these regulators to the
extent that you application for financing must comply with
extensive rule and guidelines as established by these
agencies. As consumers, we all benefit from these rules,
guidelines and stringent compliance requirements through great
rates on long term financing.
The down side is that it is a
journey for you into an area…a process…a procedure about which
you have little, if any, experience, insight or
understanding.
You’ve searched for your new
home and now you’ve found it and strategically negotiated your
purchase. Financing is a key component supporting this
purchase. Theoretically, all you should care about is the end
result – an approved loan that funds on time. The reality is
that you will be forced into this process which We’ve named
the Loan Vortex. Our belief is that a fundamental
understanding of the Loan Vortex will mitigate your
apprehension about financing your new home.
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