The Mortgage Corner (TMC) was created after The Juson Group was hired to take on Underwriting, Funding, and Loan Officer training for one of the largest lending institutions in the country. After focusing our attention on alternative lending, we became discontent to the lending tactics, excessive loan costs, and the lack of education given to the process and to the borrower. We saw a need within the mortgage industry to be a third party consultant who has no bias towards any one lender.
This is a great mortgage resource for you! Not only do we consult you on what your lender is charging and why, but we will also suggest several brokers or banks who could possibly beat the deal you are currently getting. As well, we will contact your existing lender and challenge them on fees, points, and overall closing cost attached to your loan.
This resource will help you save money and educate you for your next purchase or refinance. We will also be able to keep you up-to-date with underwriting guidelines concerning your rights to your home.
The Juson Group-TMC does not sell homes or loans! We will offer consulting services and refer to a lender if needed.
TMC is a business of consulting. It is available for you when you are looking for a lender or if you have questions about your current loan. This is a needed business within the lending world. It is a revolutionary way for you to purchase or question a loan program.
We believe that buying or refinancing a home should not just be about the lender's commission, it should be about your dream. With that in mind, we have developed a unique consulting and buying approach that focuses first on the financial and information aspects of buying a home.
You are never pressured when you use us as your consultant because we are not forced to sell you a particular loan program or home. We do have alliances with several Realtors, Attorneys, Banks and Lenders , however we are not forced to work with them.
We are your personal consultant for your mortgage needs. Often times, we will challenge the brokers we know to get them to compete for your business.
We are unlike a broker or real estate agent who charges you a percentage (Points) or fees of the cost for the home. You only pay us a one time, small fee. It doesn't matter if the home you want to refinance or purchase costs $100,000 or $1,000,000,000. Our services are affordably priced.
What does this mean for you?
We couldn't go on seeing people fighting simply to get a good deal and end up paying more because of the things that were not explained. We decided to do something about it. We knew from our unique underwriting and lending background that our insider's perspective could create an opportunity for consumers to realize savings on a scale previously unimaginable - and often times unobtainable by the general public.
The Juson Group -TMC has created a business that is completely free of sales tactics, double talk, deception, and numerical manipulation.
When you become a client of The Juson Group-TMC, you can shop for a lender in total anonymity. The lender doesn't have to speak with you until you want him/her to. You never set foot in a Bank, or lending office. You never speak to a salesperson. We have access to several brokers and Banks. We will provide truthful information and guidance, protecting you from the very mistake that cost consumers millions of dollars a year.
Remember, we are not affiliated with any one Broker or Lender. We are completely independent. Because we are completely independent, Banks and brokers cannot pressure or manipulate us into buying their product or entice us with kickbacks. Having The Juson Group-TMC as your consultant you will save more money than you ever thought possible. You will save all of the wasted time and be spared countless hours of futile negotiations with salespeople.
Contact us at:
Phone/Fax: 623-907-3569
tmc@jusongroup.com
If you are a mortgage company, sales office, Real Estate office, or just someone who wants our "Mortgage Corner Knowledge Letter" send us an email and we will get one out to you every month.
To view a sample of the Mortgage letter, scroll downH
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TMC 000133 |
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How Do Lenders Interpret Your Credit:
While the report itself only relays the history of your dealings with creditors, there is still information there that may seem innocent to you but NOT to potential creditors. This includes information like: Inquiries
Every time you apply for a credit card you are adding another hard inquiry to your credit report. When potential lenders see these inquiries, it may wrongly imply that you're either in some financial situation where you need a lot of credit, or are planning to take on a large debt. Either can flag you as a high credit risk.
Other types of inquiries, such as your own requests to view the report, employer requests to view the report and requests by marketers to get your name in order to sell you something, count as soft inquiries. These inquiries don't show up on the reports that lenders see, and therefore don't affect how they view your credit.
When you are car shopping or mortgage shopping. Make sure you don't run your credit unless you know you're going to be buying from them. While the FCRA allows these types of multiple credit inquiries that are within seven to 14 days of each other to be counted as a single inquiry, you would have to be careful of your timing to make sure you don't have multiple inquiries show up.
If you have 10 credit card inquiries in six months, it will probably scare a lender. As few as six credit card inquiries in six months can label you as risky. Credit Inquiries that are older
than six months are not be looked at because those accounts would show up on your report. The newer inquiries might lead the lender to think that you actually have the credit accounts available now but they haven't shown up on the credit report yet. Most inquiries drop off of your report after two years.
Open credit accounts
Accounts you don't use still count toward your total available credit. These accounts can indicate to a lender that you could easily put yourself into financial danger. close the accounts you don't use. You have to call or write to the card company and ask to close the account.
Missed payments
You should always make at least the minimum payment, or consolidate accounts to reduce your payments. These delinquencies stay on your report for seven years -- even if you've caught your payments up! The same goes for accounts that creditors have turned over to collection agencies or charged-off.
Maxed-out credit lines
Another thing that scares lenders is a maxed-out credit line (or two). This indicates that you may be financially strained. Consider moving some of the debt from the maxed-out card to the non-maxed-out one.
Debt in relation to income
If you have unsecured credit card debt that is more than 20 percent of your annual income, lenders may not want to give you the best deal on a loan -- if they'll take the chance and give you a loan in the first place. Work to reduce the debt-to-income ratio and you'll be able to get better rates on the loans you seek.
Complements of:
The Juson Group
Turning Knowledge Into Instinct
Phone: 623-907-3569
Email: tmc@jusongroup.com
Web: www.jusongroup.com | |
