Archive Page 2
Hey Folks!
Well I don’t know about your area but in Central Indiana it is a little chilly. Temps in the teens and looks like that is were they will stay all day.
Take a look at the video below and maybe it will give enough sizzle to warm us up.
Have a great day and as always when you have mortgage questions I have the answers.
Tony Grego
Regional Sales Director with Amerisave Mortgage
The Place with Great Rates!
Filed under: Uncategorized | Leave a Comment
Hey Folks!
Tony here again at Amerisave. Along with live mortgage rates you can access 24/7, guarantees for fees and closing times we want to be sure you have all the information you need to make the BEST decision for YOUR needs and not our needs.
Amerisave offers valuable money saving tips when shopping for your next mortgage. Here is a example:
How to get the Best Mortgage Rates
First, make sure you are comparing current mortgage rates for the same type of mortgage. Mortgage rates and closing costs can change significantly from one day to another, so if you are comparing offers from multiple lenders it must be done on the same day. For example, if you are shopping mortgage rates and have a quote for a 30 year fixed at 5.75%, only compare it to other 30 year fixed quotes at 5.75%.
Next, compare the total of all points and lender fees for each mortgage (from section 800 to 813 on the Good Faith Estimate), that is the price of the mortgage.
The lender with the lowest cost has the best mortgage rates.
If you are refinancing, you will also need to review the cost of title insurance, closing/attorney, and appraisal. Some large national companies have negotiated excellent rates for these services on your behalf. The company with the lowest combination of points, fees and third party costs for the same rate and product has the best mortgage rates.
Things to Watch Out For
APR is not always accurate, so it should not be used. To get the best mortgage rates, compare current mortgage rates and closing costs.
Good Faith Estimates are just estimates. Many brokers and lenders will give you a low ball estimate, and then after you have paid for your appraisal, they will inform you that the mortgage rate or closing cost have gone up. Look for lenders that guarantee their closing costs up front.
There is nothing wrong with No/Zero Closing Cost Loans. Just be aware that you will be looking at higher mortgage rates in exchange or if you are refinancing, the closing costs could be included in your principal.
Paying higher points and fees will result in lower mortgage rates. For example, at 7% you may have zero points and fees, while at 6% you may have points and fees of $3000. To get the best mortgage rates, you must estimate how long you will have the mortgage. Also, make sure you are comparing current mortgage rates when doing your comparison.
You can read more tips on my web site at www.amerisave.com/partner/agrego. The place for live rates and mortgage information you need.
Thanks for reading
Tony Grego, Regional Sales Director with Amerisave
The Place with the Great Rates
Filed under: Uncategorized | Leave a Comment
Hey Folks!
Now I normally do a little web searching to find something fun to post in the morning. Today I am going to change this up a little bit. When I was going to meet a client I was a little early and stopped in a McDonalds. When I went to the restroom I saw this hanging on the wall and just could not pass it up.
Now I could have taken a video but my iphone 3g does not offer it (a post for another time) and could have been a little boring.
If you need any help with you mortgage questions. I have the answers.
Kind regards,
Tony Grego, Regional Sales Director with Amerisave
Filed under: mortgage | Leave a Comment
Tags: amerisave, tony grego, video of the day
Hey Folks!
Well it is Friday after a long holiday schedule. So I’m thinking, what would be more enjoyable than a good pet video that has not been played a billion times?
I think I found it. Enjoy your day, weekend and guess it is time to get back to work on Monday.
Kind regards,
Tony Grego, CUML
Regional Sales Director
Amerisave Mortgage, The Place with Great Rates!
See’em at www.amerisave.com/partner/agrego
Filed under: mortgage | Leave a Comment
Tags: amerisave, funny video, mortgage, tony grego, video of the day
Hey Folks!
Well if you live in Indy and over forty chance are you are a race fan and more specifically a fan of the Indianapolis 500. With that, I am guilty as charged.
While researching a post earlier today I came across this clip. It first aired years ago and is a blast to watch. Now while Helio may have a bunch of other problems I just thought I would share a moment from a much more fun time. Enjoy and good night.
Tony Grego, CUFL
Regional Sales Director for Amerisave
Your Place for Great Rates, see’em at www.amerisave.com/partner/agrego
Filed under: Uncategorized | Leave a Comment
Tags: dancing with start, Helio Castroneves, you tube
Hey Folks!
Thanks reading my post. I know you have a bunch of choices and I really appreciate you spending a few minutes here.
Due to our volume of mortgages we can do them for less. After all, we have funded over $6,000,000,000, yes six billion dollars in loans and we stand behind what we say. In fact at Amerisave we are so confident that you will get the lowest combination of rates and fees that we back it up with a $500 guarantee.
Amerisave shops the rates of our competitors everyday as part of our goal to provide the best rates and lowest fees to our customers. This saves our customers time and money.
We are extremely confident in our rates and can therefore extend a guarantee that the combination of the total closing cost + the interest rate will provide you with the lowest cost mortgage possible. If not, we will pay you $500!
One of the reasons we have the ability to offer this program is Amerisave fully discloses all rates and fees associated with your loan. We also guarantee, in writing, all lender closing cost fees that we have control over. It is important to protect yourself from surprise fees presented at closing.
$500 Rate and Fee Guarantee – Details:
To qualify you will need to do the following:
- Qualify with Amerisave for the rate guaranteed by the competing lender.
- Notify Amerisave in writing of a competing offer (via the GFE) to be given a chance to beat the offer. If Amerisave elects to not beat the competing offer, we will notify you in writing.
- After your loan is closed and funded, provide Amerisave with a HUD-1 closing statement to confirm that the loan closed at the terms quoted in the competing GFE.
The Following Terms and Conditions Apply to this Offer:
- Competing offers must be for the borrowers exact loan requirements, from a national lender, and for a conforming loan program that is offered by Amerisave. In addition, the competitors’ rate and closing quote must be available on the competitors’ website for the borrowers’ specific loan criteria.
- The rate, commitment period and loan program for the competing offer must all match Amerisave’s offer. Competing offers must be dated and presented to Amerisave on the day of the offer.
- Borrowers who have already locked their rate with Amerisave are not eligible for this guarantee.
- This guarantee is for residential purchase and refinance mortgage products only.
- Third party and government fees are beyond Amerisave’s control therefore are not included in this guarantee.
- If Amerisave is unable to beat a competing offer and the borrower accepts that offer, Amerisave will pay the borrower $500 upon their loan closing.
- * All Amerisave guarantees do not apply for customers applying for a mortgage in the state of Washington.
Tony Grego, CUML
Regional Sales Director
Your Place with Great Rates
See them at www.amerisave.com/partner/agrego
Filed under: mortgage | Leave a Comment
Tags: amerisave, certified, guarantee, low cost, low fees, mortgage, up front mortgage lender
Hey Folks and Happy New Year.
As you might have guess not much is happening with rates today since the worlds financial markets are closed. However I did see a little movement in one sector. The best way to get a handle on it is to see it. After you watch this short video you may agree with me that it is best to float today.
As you can see watching rates today is much like watching grass grow.
Thanks for reading.
Tony Grego, CUML with Amerisave
Your Place with Great Rates
Filed under: Uncategorized | Leave a Comment
Hey Folks!
Well, we made it. Welcome to January 1, 2009. Best wishes from my family and myself to your family and yourself for a happy and safe new year.
Please check back often I hope to make you giggle in the morning. Give you some rate information mid-day and some helpful mortgage tips in the afternoon. Remember that these posts are for you. Let me know what you need or what you would like to see.
Kind regards,
Tony Grego, CUML with Amerisave
Your Place for Great Rates
Filed under: Uncategorized | Leave a Comment
Tags: happy new year, mortgage, rates, video of the day
Hey Folks!
Well, we made it. Welcome to January 1, 2009. Best wishes from my family and myself to your family and yourself for a happy and safe new year.
Please check back often I hope to make you giggle in the morning. Give you some rate information mid-day and some helpful mortgage tips in the afternoon. Remember that these posts are for you. Let me know what you need or what you would like to see.
Kind regards,
Tony Grego, CUML with Amerisave
Your Place for Great Rates
Filed under: mortgage | Leave a Comment
Tags: happy new year, mortgage, rates, video of the day
Hey Folks!
Thanks reading my post. I know you have a bunch of choices and I really appreciate you spending a few minutes here.
If you read part one you know that I am a Certified Upfront Mortgage Lender (CUML). Today I am going to post why you get the Lowest Cost Everytime when you work with me at Amerisave.
Many lenders and brokers make promises to their customers that they can not keep. The problem occurs when the customer goes to close the loan and is surprised by additional fees that were not disclosed initially by the lender.
This creates an obvious problem because many customers are not able to pay these additional funds causing them to lose the home that they have spent so much time searching for or lose the rate they had previously locked.
Amerisave guarantees in writing all closing costs that we have control over. The fees you see on our website ARE the fees you will receive at the time of application AND at closing.
There are some third party fees and government fees that are beyond the control of any lender; however, because Amerisave has closed so many loans in and around your locality we can estimate most fees with high accuracy.
* All Amerisave guarantees do not apply for customers applying for a mortgage in the state of Washington.
SureFee
Amerisave introduces a straightforward approach to home financing with our new SureFee product. SureFee provides you with the security of knowing that the lender fees on your loan are guaranteed not to change throughout the loan process.
Benefits of SureFee:
No Surprise Added Costs at the Closing Table.
Determining the True Cost of Your Loan is Easy and Straight Forward.
SureFee Makes Lender to Lender Comparisons Easy.
SureFee is one bundled fee for all lender fees.
Other mortgage companies charge a multitude of fees, some legitimate, some not. A complete list of lender fees you may find other lenders charging include:
- Application Fee
- Funding Fee
- Administrative Fee
- Transfer Fee
- Origination Fee
- Processing Fee
- Loan Setup Fee
- Wiring Fee
- Discount Fee
- Flood Certification Fee
- Tax Service Fee
- Underwriting Fee
What to Look for When Comparing Lenders:
- What are the total lender fees for a like product, rate and term?
- Do the third party fees look reasonable, and do all the expected third party fees appear to be listed?
- Taxes, prepaid and escrow items should be excluded when comparing one lender to another as these fees will be identical among all mortgage companies.
Does the SureFee amount ever change?
No. As long as the loan program and loan parameters you applied for does not change, SureFee will not change. In some cases, your loan amount may increase. You may decide to add a signor to your loan, or the LTV of you loan may change. In these cases SureFee may change. Amerisave will send you a new good faith estimate which will include your new SureFee amount. Once you have authorized us to proceed, your SureFee will once again be fixed and will not change again (unless something material happens to your loan application).
How can Amerisave offer this program when most mortgage lenders and brokers cannot?
Easy .. Amerisave is one of the top 25 online mortgage lenders in the country. Based on our nationwide mortgage lending experience and our sophisticated technology, we are able to accurately predict most all the costs associated with closing a loan.
Why are some third party fees and taxes not guaranteed?
The costs of such things as mortgage taxes, closing fees and title insurance varies widely by state, county and even city, additionally Amerisave has a network of over 5,000 providers all of whom charge slightly different fees. Determining the exact costs of these types of fees is difficult. Amerisave does however negotiate with all our third party providers to ensure you pay the lowest price available and receive the high level of service Amerisave requires.
* All Amerisave guarantees do not apply for customers applying for a mortgage in the state of Washington.
Tony Grego, CUML with Amerisave
Your Place with Great Rates
See them at www.amerisave.com/partner/agrego
Filed under: Uncategorized | 1 Comment
Tags: amerisave, certified, low cost, low fees, mortgage, up front mortgage lender
Search
-
You are currently browsing the Tony Grego - Youe Place for Great Rates! weblog archives.
