Why Choose Amerisave – Part One

 

 

Hey Folks!

Thanks reading my post. I know you have a bunch of choices and I really appreciate you spending a few minutes here.

Now you know I post some fun things and some tips but my day job is that of a mortgage lender. I work with Amerisave because of the culture of low rates and fees. At Amerisave we just don’t talk the talk but we walk the walk. We do everything in writing and back everything we do with a $500 Low Cost Guarantee and a $1,000 Closing Guarantee.

So what does mean for you or your client? The job done right the first time period!

Over the next few days I will detail why you should chose Amerisave and myself for your mortgage needs. Since we put this in writing you can also read more details on my website at www.amerisave.com/partner/agrego.

Amerisave is a  Certified Upfront Mortgage Lender. So what does that mean:

Amerisave has been awarded the rare Upfront Mortgage Lender (UML) designation. The UML certification assures customers fair treatment in all dealings with Amerisave. Additionally, you are assured a fair and accurate interest rate and closing cost quote.
To be certified, Amerisave has met all of the UML requirements below. Read on to learn how Amerisave is dedicated to your satisfaction:

Requirement 1: A UML Must Provide Quick Access to the Market Niches it Prices On-Line.
The home loan market in the US is divided into millions of market niches and no one lender serves them all. Customers need a quick way to determine whether a particular lender prices the niche in which that customer lives. If not, the customer can go elsewhere without wasting time.

Requirement 2: A UML discloses all lender fees, including points, origination fees, and any fixed-dollar fees, and guarantees them to closing.
This assures borrowers that price information is complete, and that new fees won't be added or existing ones increased after they have committed to working with the selected lender.

Requirement 3: A UML discloses all third party fees with the best estimates possible, indicating which if any are guaranteed by the UML.

Requirement 4: A UML Provides a Clear Explanation of its Lock Requirements.
Mortgage customers need to know when they have the discretion to lock the terms of the loan. The explanation includes any required payments, processes that must be completed, how expired locks are handled, and whether the borrower and the UML are committed.

Requirement 5: A UML discloses all the information about its ARMs needed by customers to make intelligent decisions.
Customers need information on potential ARM performance – what will happen to the interest rate and mortgage payment under assumptions about future interest rates that make sense to the customer.

Amerisave discloses the index and margin used, as well as the interest rate caps, on all ARM's we offer. Simply search rates and click on "view" under "loan details" for the loan program and interest rate in which you are interested.

Requirement 6: A UML informs borrowers if its loan officers are compensated in a way that gives them a financial incentive to overcharge the borrower.
Loan officers often benefit financially if they can induce the borrower to pay more than the prices posted by the lender or broker. Where this is the case, the borrower ought to know about it.

Tomorrow I will detail why you get the Lowest Costs Everytime.

Tony Grego with Amerisave
Your Place with Great Rates