Alamo Mortgage Service

First, we submit 100% of your loans online to be reviewed by automated underwriting.  That means loan applications can be approved 24 hours a day, seven days a week, in just minutes.  The loan approval will have a list of conditions, (actions items) needed to close the file.  We then pass this on to you and work with you to fulfill each condition.  Knowing that, we can be confident that nothing else will SURPRISE us, because this list is exactly what is needed, nothing more nothing less.

Second, we give you a list up front of the 88 types of turbulence (problems) that could come up.  Many of the items will be out of yours and our control, particularly in a purchase transaction.  But, we always want to tell you the truth and let you know as soon as possible so we can solve the problem together.  We recently had the opportunity to refinance a customer's home in an attempt to not only reduce their interest rate by 1.5%, but to also get rid of mortgage insurance (MI) saving them a total of $195.00 per month!  In order to drop the MI coverage we needed the loan to be less than 80% of the value of the home.  The appraisal came back $1,000 shy of that amount because of a lack of comparable sales.  I hit the roof, because the appraiser was only using sales from the multiple listing service (MLS).  I immediately got on the phone with one of our customers that sold her home by owner and asked her to fax the appraiser the closing statement.  In fact the house had recently sold for $5,000 more than the appraiser could find for a like home.  Of course you know how the story ends.  The loan gets approved without morgage insurance, we close ahead of schedule, and no I don't go riding off into the sunset.  I just got right back to work on helping the referrals that you give us.  (Not exactly, I think I went home and grabbed my daughter Mallory for a celebratory Krispy Creme with milk.)  If you have any ideas on how to spoil yourself without 50 grams of fat please send me an e-mail. . . marco@uniquehomeloans.com

Ready to have your mortgage be a success story without surprises, give me a call.