Frequently Asked Questions
Why aren’t there any mortgage rates posted on this site?
In today’s mortgage industry, loan program rates and pricing are heavily based on a plethora of loan characteristics such as credit score, property type, property location, amount of cash in the bank, etc. Small variations in these characteristics can cause major changes to these rates. This is why I choose to quote rates specific to the loan scenario, to make sure that what I’m quoting is 100% accurate, unlike many other sites that tend to quote rates that don’t exist in ‘normal’ situations.
What closing costs do you charge?
The short answer is: Whatever you decide. The long answer is: Our total lender fees (underwriting, processing, etc) range from $695 to $835 depending on the loan program and type. However, depending on what rate you select, you can incur additional origination/discount fees, or receive lender credits towards these costs and other third party expenses. As a direct correspondent lender, we guarantee that no other lender will beat our fees at any given rate and vise versa.
How do I get a rate quote without giving you my personal information?
All I need to give an accurate, real-time mortgage quote is some very basic information. You can call me, send me an email, or take my Interactive Pre-Qual interview. And remember that all submissions are kept confidential, and your email address and phone number will not be added to any sort of mailing/solicitation list.
I’m out of state. How do I know you’ll handle my loan as well as a local company?
In the time I’ve been in the mortgage business, I’ve successfully closed hundreds of loans for customers located everywhere from Hawaii to Guam, and understand how each market is different. Essentially, the process is exactly the same, only much faster and more efficient. We run through the application by phone or email, overnight all terms in writing, and process and underwrite your loan in-house. In fact, many of my customers and their realtors actually tell me that it’s easier than dealing with their local broker or bank.
How much does it cost to start the process?
Nothing. As someone who builds his business off of trust, I never ask for any amounts up front from my clients for any mortgage transaction. With the exception of certain long-term lock programs, I never charge anything to take an application, pull a credit report, or lock in an interest rate. This forces me to continue earning your business all the way up to the closing date. After all, with no cash out of your pocket, the only things that keep you doing business with me are my rates and service – and that’s the way I believe it should be.
I’m just starting to think about buying/refinancing. Can you pull my credit and tell me what I qualify for?
Absolutely. I provide free credit reports, credit guidance, and mortgage planning to everyone who calls or emails me.
With all that your company claims to do, why haven’t I heard of Affiliated Financial Group?
Our company was built around one idea: To provide the absolute best rates, program selection, and flexibility in the industry. Seeing as rates and costs are so important to our clients, we generate 100% of our business through referrals, not advertising. By saving hundreds of thousands of dollars in marketing expenses annually, we’re able to keep our rates and costs low, while our “competitors” struggle to make back the expense. With more than $1.1 billion in annual mortgage fundings, we do a lot of loans – we just do them quietly.
