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mortgages: Why are rates different from lender to lender? - 08/06/10 10:55 AM
This questioned has been asked of me many times.  Why are rates different from lender to lender?  To answer that question we need to understand two pieces of the loan puzzle (volume & pricing). 
VOLUME- Is the loan originator a one man shop or a very large corporation with many different investors?  Our industry thrives on volume and a company who can originate a high loan volume will received preferred pricing.  The one man shop may have 5 different lenders where as a very large mortgage shop (MIC Inc. has 450 loans officers nationally) may have 80-100 mortgage companies that they deal on a … (0 comments)

mortgages: There is still down payment assistance available up to 7k - 05/18/10 05:14 PM
That is correct!!! MHFA Financing allows a 1st time homebuyers who qualify can receive a low rate to 3.75% on a 30 year fixed and up to $7,000 down payment assistance . This is a 100% mortgage financing program accept the buyer must only have 1k in the transaction. Wow - what a great program. You must be an Approved Lender to sponsor this program and WE ARE. Please call me at 651-238-6748 to find out all the details. To qualify there are income requirements and standard FHA requirements. So please call me to get all the details..Agents welcome to call! … (1 comments)

mortgages: Do you need a professional loan officer who can get the job done? - 08/05/09 09:32 AM
Are you having trouble getting a Conventional, FHA, USDA, or VA mortgage for your customer or for yourself?? Then read what my customers say about me below. I promise great service and no HYPE. If the loan makes sense I have the programs and lenders to get these loans done. Don't spend 2-3 months in underwriting when I can have your deal done in less than 30 days. I recently closed a loan with a customer with a 62% debt to income ratio ion 12 days from cradle to grave.  Most lenders have overlays that prevent this type of transaction from … (0 comments)

 
Phil_olson_002_edited

Phil Olson NMLS 238103

Saint Paul Park, MN

More about me…

American Mortgage & Equity Consultants Inc.

Address: 1058 Hastings Ave, St Paul Park, MN, 55071

Office Phone: (651) 203-6432

Cell Phone: (651) 238-6748

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