Market Update – LLPAs
LLPA’s – Loan Level Pricing Adjustments –I am sure you have seen information about this by now. In the lending world, we have been talking
Our purpose and passion as people and a business is to “empower financial stewardship in our community.” We want to help people make the best decisions on one of life’s largest purchases, their home.
As a mortgage broker, we offer a variety of mortgage loan products and lenders to fit your custom needs. Every borrower has unique needs, and we work to help you find the best mortgage loan to fit both your short-term and long-term goals. We offer speed and flexibility with modern, cloud-based software so you can upload documents quickly and securely right from your phone. We work with lenders who offer the best interest rates so you can save money over the life of your mortgage.
Self-employed? No problem! We can help you too!
A mortgage broker brings mortgage borrowers and lenders together but does not use their own funds to originate a mortgage loan. A broker helps borrowers compare interest rates and loan products to best fit the borrower’s needs. Brokers help the borrower provide the correct paperwork a mortgage lender needs for underwriting and loan approvals. Mortgage brokers are compensated either from the borrower or the lender at closing.
Conventional Loans are mortgage loans backed by private lenders. These loans are not insured or guaranteed by the federal government and allow as low as 3% down
Refinancing can help lower payments and interest rates. Cash-out refinances can also help with renovations or large purchases!
Need help with a down payment? FHA Loans are insured by the Federal Housing Administration and allow down payments as low as 3.5% for qualifying borrowers
Jumbo loans are for homes that cost more than $625,0000, or more expensive properties
A USDA home loan is for qualifying rural home buyers and offers a zero down payment mortgage. USDA loans can be used for home purchase or home improvement loans
Active duty and other service members may qualify for a VA backed mortgage to assist with homebuying
Purchasing a home that needs a facelift or appliances? We’ve got you covered with two types of renovation loans
Construction loans are used to bridge the gap between a traditional mortgage on a home and the up-front construction costs
LLPA’s – Loan Level Pricing Adjustments –I am sure you have seen information about this by now. In the lending world, we have been talking
What is budgeting? Budgeting is the management and handling of things; such as money, resources, and time. Money management can bring you great opportunities in
If you are considering a home purchase or refinance this year, it is important to be informed and gather a team of advisors who are
At Mortgage Craft, our team is able to help you through every step of the mortgage process. Each member of our team is ready to assist with your questions and make sure your loan closes on time.
Mortgage Craft was founded in 2006 in Lancaster, PA. Our founder, Tom Bayles has guided the company with quality mortgage advice since its inception. Our goal is to give you the best options for your home purchase or refinance!
New to homebuying? No problem! We will help you each step of the way from determining what you can afford to closing! Think you should refinance? We help you run the numbers so you can decide what is best for you!
