Credit Bureaus Can Legally Sell Your History!!!!!!
Do you receive hundreds of unsolicited junk mail pieces from credit cards, insurance or mortgage companies? There's a good explanation for it! Credit bureaus m ...
Mortgage and Lending |
RAINER 1,863 |
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Sherry Temple Pruyn | ||
location_on Newburyport, MA — Union Trust Mortgage Corp | ||
insert_link http://www.sherrytemple.com | ||
web Sherry Temple Pruyn's (sherryt) Blog |
Get to Know Sherry Temple Pruyn
Union Trust was formed by a group of seasoned mortgage bankers in 1991. Having been managers and/or principle stockholders of other local and well known mortgage banks we knew we could out service the competition by eliminating the layers of bureaucracy and resistance to change that characterizes so many banks and lenders.
Specifically, here's what that's come to mean:
A commitment to lasting relationships.Quite simply, if it weren't for the relationships we have with our customers, we'd probably all find something else to do. The fact remains crystal clear to us that there isn't one "right" answer for everyone or even most people. We'll never have a drive thru window or become e-commerce czars.Excellence in customer service is not an option.Just as the customers are what drive us externally, the dedication to the customer on the part of our employees is what continually drives us internally. Our employees know that what's good for the customer is good for the company and good for their bonuses. That's because our previous customers are without a doubt our largest source of new business. It's really that simple.Continually providing leading edge products.Quite frankly, managing the information involved with carrying over 500 different mortgage products is probably one of our greatest challenges these days and we wouldn't do it if we didn't think it was necessary to fulfill our commitment to the customer. The "One Size Fits All" approach just doesn't work in today's diverse economy..
Facing Another Price Reduction??????
Instead of a price reduction offer a FNMA acceptable seller concession.Maximum seller contributions based on down payments for primary residences as follows;CLT ...
Certifications
I have over 25 years of residential mortgage lending experience. I have the flexibility of a mortgage broker and the clout of a lender. My product knowledge is well rounded; I work well the 1st time homebuyers', as well as the seasoned buyer. Serving Maine, Massachusetts and New Hampshire.80/15/5 - This is a loan which carries a second mortgage for up to 15% of the purchase price of the property. It is usually used when wishing to avoid PMI insurance or to keep your first mortgage under the FNMA/FHLMC limit to avoid Jumbo rates. The borrower puts down a 5% down payment and then finances a first mortgage up to the FNMA/FHLMC limit and a second mortgage of up to 15% of the purchase price. Other variations are 80/10/10 or 75/15/5. FHA MORTGAGE - Backed by the Department of Housing and Urban Development this mortgage offers the borrower the ability to put as little a 3% down payment and they can even finance "allowable" closing costs. Seller can contribute up to 6% of the purchase price to the buyer towards closing costs. 203K FHA MORTGAGE - Same as FHA above but with the ability to finance home improvements that are needed. One mortgage is given based on the value plus improvements up to 115% of the future value. These improvements must be over $5000 and can be for a new kitchen, new bathroom, to add a garage or to structurally improve the property. They cannot be to add a swimming pool etc... VA MORTGAGE - Backed by the Veterans Administration and the federal government it is similar to FHA except that you have to be a qualified Veteran or military person. JUMBO LOANS - Offers 30 and 15 year fixed rate mortgage and competitive ARM products with full document, alternate documentation and limited documentation. No cash out refinance are allowable. Single family detached, Condo's, PUD's and single-family second homes can be financed with no prepayment penalty.
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I have been a mortgage lender for the past 25 years. I currently live in West Newbury, MA. I also teach a continuing education class in finance at ABC Training School, in Haverhill, Ma.