If the recent past has shown us anything, it is that you cannot depend on what is "conventional wisdom" regarding the mortgage and housing market. Getting a mortgage loan these days is more complicated than ever before. Consumers need someone to help guide them through the mortgage process, and that is exactly why SoundChoice Mortgage was founded.
SoundChoice Mortgage, LLC was founded by Bob Griffin, and industry professional with over 30 years of mortgage lending experience. The experience that he and his team bring will help you understand your options, choose the best one, and then help you navigate the mortgage process. We have specific compensation contracts with all of our mortgage investors.
As mortgage brokers, our team looks around at all of the options in the marketplace and helps you decide which loan is best for you. Our pay is based solely on the percentage of the loan amount and we only get paid if your transaction is completed. Our compensation is NOT tied to the rate, term, product type, or occupation type (primary, second home or investment property).
SoundChoice Mortgage, LLC was founded by Bob Griffin, and industry professional with over 30 years of mortgage lending experience. The experience that he and his team bring will help you understand your options, choose the best one, and then help you navigate the mortgage process. We have specific compensation contracts with all of our mortgage investors.
As mortgage brokers, our team looks around at all of the options in the marketplace and helps you decide which loan is best for you. Our pay is based solely on the percentage of the loan amount and we only get paid if your transaction is completed. Our compensation is NOT tied to the rate, term, product type, or occupation type (primary, second home or investment property).
Services
SoundChoice offers mortgages tailored to fit your refinance needs, read below to see what may fit your life best and give us a no obligation call to discuss your options.
The first question to ask yourself is "What goal am I trying to accomplish by refinancing?".
A "Cash out" mortgage to pull money out for home improvements, debt consolidation, education or any number of reasons.
One of the biggest roadblocks to refinancing are the closing costs associated with doing a mortgage loan.
So why not consider a "No Closing Cost" loan?
The first question to ask yourself is "What goal am I trying to accomplish by refinancing?".
A "Cash out" mortgage to pull money out for home improvements, debt consolidation, education or any number of reasons.
One of the biggest roadblocks to refinancing are the closing costs associated with doing a mortgage loan.
So why not consider a "No Closing Cost" loan?
You will need money for you down payment, typically 10% -20% of the purchase price a depending on what type of mortgage you end up going with.
Lower down payment options are available, as low as 5%.
Your overall qualifications will determine your down payment options.
To best determine how much of a mortgage you can potentially get, you can get a pre-qualification from one of our Mortgage specialists.
This will greatly help you in your new home search.
Additionally, most real estate agents are going to ask that you get prequalified prior to making an offer.
Lower down payment options are available, as low as 5%.
Your overall qualifications will determine your down payment options.
To best determine how much of a mortgage you can potentially get, you can get a pre-qualification from one of our Mortgage specialists.
This will greatly help you in your new home search.
Additionally, most real estate agents are going to ask that you get prequalified prior to making an offer.
The Interest rate remains fixed for the stated period of the loan., 30,25,20,15 and 10 year terms are available.
Loan limit is currently $625,000.
The interest rate is generally fixed for the first 3,5,7, or 10 years.
After that time, the rate becomes variable for the remaining term of the loan, and adjusts every year thereafter based on the movement of the index.
You payment will change based on the change in your rate.
ARM's generally offer lower start rates/payments when compared to a fixed rate loan.
Loan limit is currently $625,000.
The interest rate is generally fixed for the first 3,5,7, or 10 years.
After that time, the rate becomes variable for the remaining term of the loan, and adjusts every year thereafter based on the movement of the index.
You payment will change based on the change in your rate.
ARM's generally offer lower start rates/payments when compared to a fixed rate loan.
Bob Griffin and Rut Walker discuss what to do with your current mortgage if you are financially impacted by the conrona virs pandemic.
My two cents Topic: Why the rate is not that important Over the last 25 years of originating mortgage loans, inevitably, one of the first things clients ask me is "what's the rate, or what rate can you get for me".
They are so focused on rate, rate, rate they fail to see the bigger overall financial picture.
This is especially true in purchase transactions.
Here are some questions that they really need to focus on: 1.
My two cents Topic: Why the rate is not that important Over the last 25 years of originating mortgage loans, inevitably, one of the first things clients ask me is "what's the rate, or what rate can you get for me".
They are so focused on rate, rate, rate they fail to see the bigger overall financial picture.
This is especially true in purchase transactions.
Here are some questions that they really need to focus on: 1.
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