LOAN PROGRAMS, CLOSING COSTS AND RATES

LOAN PROGRAMS

We believe that learning your objectives is crucial before we recommend a particular loan program. Do you plan to be in this house a long time? Do you need to save money monthly or are you looking to pay off your loan sooner? Are you taking money for home improvements or college education? The answers to these types of questions, and so many more, will greatly affect the type of loan that’s most appropriate for you.

Choosing a mortgage and/or mortgage company is unlike any other purchasing decision we make as consumers. (You are purchasing that mortgage – remember closing costs) Everyone wants a great rate and low costs but it is also an emotional decision. Our home is, in most cases, our largest asset AND expense not to mention the place we call HOME. We want to make smart choices for our long term financial future, as well as, our short term financial restraints (i.e. monthly payments/expenses).

At Choice Mortgage Corporation we believe that we have a fiduciary responsibility to provide our clients with all of the information and specialized experience to make the best CHOICE possible. Use the Loan Programs link to get an overview of the pro’s and con’s of the various types of loan programs. Call us to discuss the types of loans that will help meet your goals. We also urge you to take a few moments and read through our FAQ’s.

CLOSING COSTS AND RATES

How often in life do you buy something without ever looking at the price tag? Not too often! Yet everyday we get calls from people who ask us what our rate is without ever asking what are the costs that go along with that rate. It’s not their fault. Like almost every consumer we come in contact with, they simply don’t know a lot about how rates, closing costs and mortgages work. Who could blame them? It’s complicated and confusing. You ask two people a question and get three answers.

Unfortunately, too many loan officers and mortgage companies take advantage of prospective clients. Many companies will tell you many different things. Ask questions about fees and programs. If they are quoting you a rate, what are the fees that go with it? Is it with or without points? How long is it locked and can you complete the transaction in that time frame? A good company or loan officer will not give you a rate without asking you for information necessary to determine if you qualify for a particular program. What good is a quote if you can’t qualify for it or the lock is not long enough to complete the transaction?

Please take a look at our rates, but also give us a call for an accurate breakdown of closing costs. The fees you see listed with our rates do not reflect title costs and escrows. For a complete and thorough itemization, give us a call to work with the specifics of your loan. While it is a fact in the mortgage industry that very few people ever use the same bank or broker twice, at Choice Mortgage Corporation it is very different. Our clients come back to us time and time again, and just as importantly, they refer friends and relatives to us. That is something you don’t see very often in the mortgage industry and it is something we are very proud of.

Remember – Check out our FAQ’s!! We go into a lot more detail about the common questions and concerns every consumer has about their mortgage decision and process.

Choice Mortgage Corporation
New York and South Florida
Phone: 1-800-256-9717  Fax: 631-367-9005
Registered Mortgage Broker NYS and Florida Banking Department
All loans arranged through excellent third party lenders