Hey Folks!
Thanks reading my post. I know you have a bunch of choices and I really appreciate you spending a few minutes here.
If you read part one you know that I am a Certified Upfront Mortgage Lender (CUML). Today I am going to post why you get the Lowest Cost Everytime when you work with me at Amerisave.
Many lenders and brokers make promises to their customers that they can not keep. The problem occurs when the customer goes to close the loan and is surprised by additional fees that were not disclosed initially by the lender.
This creates an obvious problem because many customers are not able to pay these additional funds causing them to lose the home that they have spent so much time searching for or lose the rate they had previously locked.
Amerisave guarantees in writing all closing costs that we have control over. The fees you see on our website ARE the fees you will receive at the time of application AND at closing.
There are some third party fees and government fees that are beyond the control of any lender; however, because Amerisave has closed so many loans in and around your locality we can estimate most fees with high accuracy.
* All Amerisave guarantees do not apply for customers applying for a mortgage in the state of Washington.
SureFee
Amerisave introduces a straightforward approach to home financing with our new SureFee product. SureFee provides you with the security of knowing that the lender fees on your loan are guaranteed not to change throughout the loan process.
Benefits of SureFee:
No Surprise Added Costs at the Closing Table.
Determining the True Cost of Your Loan is Easy and Straight Forward.
SureFee Makes Lender to Lender Comparisons Easy.
SureFee is one bundled fee for all lender fees.
Other mortgage companies charge a multitude of fees, some legitimate, some not. A complete list of lender fees you may find other lenders charging include:
- Application Fee
- Funding Fee
- Administrative Fee
- Transfer Fee
- Origination Fee
- Processing Fee
- Loan Setup Fee
- Wiring Fee
- Discount Fee
- Flood Certification Fee
- Tax Service Fee
- Underwriting Fee
What to Look for When Comparing Lenders:
- What are the total lender fees for a like product, rate and term?
- Do the third party fees look reasonable, and do all the expected third party fees appear to be listed?
- Taxes, prepaid and escrow items should be excluded when comparing one lender to another as these fees will be identical among all mortgage companies.
Does the SureFee amount ever change?
No. As long as the loan program and loan parameters you applied for does not change, SureFee will not change. In some cases, your loan amount may increase. You may decide to add a signor to your loan, or the LTV of you loan may change. In these cases SureFee may change. Amerisave will send you a new good faith estimate which will include your new SureFee amount. Once you have authorized us to proceed, your SureFee will once again be fixed and will not change again (unless something material happens to your loan application).
How can Amerisave offer this program when most mortgage lenders and brokers cannot?
Easy .. Amerisave is one of the top 25 online mortgage lenders in the country. Based on our nationwide mortgage lending experience and our sophisticated technology, we are able to accurately predict most all the costs associated with closing a loan.
Why are some third party fees and taxes not guaranteed?
The costs of such things as mortgage taxes, closing fees and title insurance varies widely by state, county and even city, additionally Amerisave has a network of over 5,000 providers all of whom charge slightly different fees. Determining the exact costs of these types of fees is difficult. Amerisave does however negotiate with all our third party providers to ensure you pay the lowest price available and receive the high level of service Amerisave requires.
* All Amerisave guarantees do not apply for customers applying for a mortgage in the state of Washington.
Tony Grego, CUML with Amerisave
Your Place with Great Rates
See them at www.amerisave.com/partner/agrego
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