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realtors: 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)

realtors: Do you need a professional loan officer who can get the job done? - 05/18/10 04:51 PM
Do you need a professional loan officer who can get the job done?
Are you having trouble getting a Conventional, MHFA, 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 still have lenders who will do loans based on common sense and we have inhouse underwriting so we … (0 comments)

realtors: Smoking Low INTEREST RATES!!!!! - 05/18/10 04:47 PM
Here is a quick rate update. I have MHFA at 3.75 with a possibility of 7K in down payment assistance funds for purchase money 1st time home buyers. To qualify for 3.75% income must be less than 67K yearly.
A 5 year arm product currently at 3.25% fixed (APR 4.11) for the 1st five years and after that it becomes adjustable with a 2/5 cap. For those that plan on selling their home within five years this might be a great product to refinance with. I have listed some of the standard qualifications below.
· Must have 3.5% - 20% equity … (0 comments)

realtors: Are you happy with your loan officer and lender in MN & WI? (survey) - 03/23/10 03:21 PM
 
Will your Loan Officer provide you monthly purchase lead generation?               Yes ____ No ____
 
  
Will and can your Loan Officer prequalify your clients on the weekends?            Yes ____ No ____
  
Is your Loan Officer web based and 100% mobile?                                                      Yes ____ No ____
  
Does your loan Officer advertise your listing on his or her website?                       Yes ____ No ____
  
Does your Loan Officer have every available program for every                              Yes ____ No ____
situation?
  
Can your Loan Officer fully qualify candidates at your office or open houses?       Yes ____ No ____
  
Does your Loan Officer have … (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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