Should Have Gone To Jeremy, Episode 6: Professional Loan

(The most common regrets among those who recently applied for a home mortgage… and the “1 Thing” they could have done to avoid “Mortgage Re-Morse”)

Oh no!?You used one of the “big 4” traditional mortgage programs because you weren’t aware that you were eligible for a special loan program that was a better value!

Or… Oh no! You postponed your home purchase plans because “rates, down payment requirements, and monthly payments were just too high” on the traditional programs a short while ago (and now they are even higher!).

Should have gone to Jeremy…

He would have explained that while the big 4 traditional programs (Conventional, FHA, VA, and RD/USDA) are still the most common loans used, new programs have grown in popularity as rates have risen this year.

One example is our team’s Professionals Loan.?For eligible borrowers in about a dozen specific professional fields, this program currently offers:

• Better rates than all 4 of the “big 4”
• No down payment requirement, which Conventional and FHA loans do not offer
• No Mortgage Insurance or Guaranty Fee, which each of the “big 4” require in most cases
• No income or location limits like RD/USDA
• Higher loan amount flexibility than Conventional, FHA, or RD/USDA

**There are important terms that you’d need to be aware of with programs like this.?For example, the rate may only be fixed for the first 10 years of the 30 year term.

In summary, buyers who use this program can often come to closing with less money out-of-pocket, have less in financing charges, and potentially have a lower payment than with the traditional “big 4.”?How about that for a better bottom line?

(I hope you enjoyed this creative way to learn about my team’s commitment to educate, protect, and provide the best value in the industry to our clients.?If you want to maximize your savings and minimize your hassle on a home mortgage, don’t forget this one specific thing that you “should” do. ??)

Link to Episode 1

Link to Episode 7: