Why use a Lender a thousand miles away?
Out of State / Out of Area
It's easy to understand why you might be tempted to apply to an out of state lender.
Rates and Fees
THE TRUTH is that all Lenders get their money from the same source. Rates and Fees are no better and no worse in another part of the country. What you will find by working with someone across the country is that you are an easier target for the Bait and Switch Artists.
For your best protection, work with a Lender who is
- Licensed in the State of California
- by the Department of Real Estate
We've seen quotes from Loan Officers who have been licensed for less than a month!
Or better yet, have actually faked their licensing numbers.
Why would you want to work with This Guy?
You can't.
He's been suspended.
(lucky for you!)
Watch the Full Size Video
Not just the company, but the Loan Officer too?
How do you find out?
I'll make it easy. With a single click you can find out
- if the company is licensed,
- if the company is in good standing,
- have there been any formal complaints or code violations.
Search by Name, by Company, or by License Number
(Our License Number is 01430291)
(My License Number is 01273421)
Licensed Mortgage Professional?
Mike@PatagoniaFinance.com or (925) 288-9977 Ext 104
Labels: 7 Deadliest Mistakes, Interest Rates, Jumbo Loans, Lenders, Mortgage professional
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