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Loan Services
Business Philosophy
When it comes to lending, I feel that it is important to be upfront with my clients regarding their loan. I have
chosen, therefore, to elect to do business in a forthright manner. I believe strongly in working in an upfront
and fully transparent way.
Click here to learn more about the major differences between how work as a mortgage broker versus
a conventional mortgage broker (MB).
The Best Rate at the Lowest Cost
My goal as a Mortgage Broker is to find the best possible rate at the lowest possible cost. All lenders are
not created equal and all lenders, from week to week, month to month, may be offering uniquely
competitive rates for specific loan programs. Shopping rates is one benefit of working with a Mortgage
Broker versus going to a bank or other stand-alone lending institutes. It is my job to find the most
competitive lender whom will best fit your particular needs and then pass these savings onto you.
Exceptional First Time Home Buyer Programs
In what is a very difficult market to buy a home, it makes sense to search out and make available every
available "First Time Home Buyer" assistance program. In general, these programs are based on
offering loans with below market interest rates (usually more than half a point lower then the going rate)
and down payment assistance loans that work as silent seconds. These assistance loans don't require
the buyer to pay down any principle or interest and often times need never be paid back. For a $650,000
home purchase, a First Time Home Buyer could qualify for roughly $32,000 in down payment assistance
and would save $500 per month when combining the benefits of the below market interest rate (5.5%
versus today's 6.4% for a par jumbo loan) and down payment assistance loans. The buyer utilizing such
a First Time Home Buyer program can purchase roughly $100,000 more home versus the buyer utilizing a
traditional loan program.
Click here to learn more about the available programs for first time home buyers.
Fee Structure
In the lending business there are a variety of fees charged by various parties involved in the origination of
the loan. Fees are generated by the title and escrow process, lender underwriting, a property appraisal,
loan origination fees, etc. The exact fees you will be paying can be determined, for the most part, early in
the loan process and will be communicated via the "Good Faith Estimate". The fees for my services
(known as loan origination fees) generally run anywhere from 0.5-1.0% of the loan. The size of the fee will
depend on the loan amount and the exact details of your situation. The more complicated the loan, the
larger the fee up to a maximum of 1.0% of the loan. You will find, however, that my fee structure is
extremely fair when compared to the industry standard of at least a 2.0% loan origination fee.
Business Philosophy
When it comes to lending, I feel that it is important to be upfront with my clients regarding their loan. I have
chosen, therefore, to elect to do business in a forthright manner. I believe strongly in working in an upfront
and fully transparent way.
Click here to learn more about the major differences between how work as a mortgage broker versus
a conventional mortgage broker (MB).
The Best Rate at the Lowest Cost
My goal as a Mortgage Broker is to find the best possible rate at the lowest possible cost. All lenders are
not created equal and all lenders, from week to week, month to month, may be offering uniquely
competitive rates for specific loan programs. Shopping rates is one benefit of working with a Mortgage
Broker versus going to a bank or other stand-alone lending institutes. It is my job to find the most
competitive lender whom will best fit your particular needs and then pass these savings onto you.
Exceptional First Time Home Buyer Programs
In what is a very difficult market to buy a home, it makes sense to search out and make available every
available "First Time Home Buyer" assistance program. In general, these programs are based on
offering loans with below market interest rates (usually more than half a point lower then the going rate)
and down payment assistance loans that work as silent seconds. These assistance loans don't require
the buyer to pay down any principle or interest and often times need never be paid back. For a $650,000
home purchase, a First Time Home Buyer could qualify for roughly $32,000 in down payment assistance
and would save $500 per month when combining the benefits of the below market interest rate (5.5%
versus today's 6.4% for a par jumbo loan) and down payment assistance loans. The buyer utilizing such
a First Time Home Buyer program can purchase roughly $100,000 more home versus the buyer utilizing a
traditional loan program.
Click here to learn more about the available programs for first time home buyers.
Fee Structure
In the lending business there are a variety of fees charged by various parties involved in the origination of
the loan. Fees are generated by the title and escrow process, lender underwriting, a property appraisal,
loan origination fees, etc. The exact fees you will be paying can be determined, for the most part, early in
the loan process and will be communicated via the "Good Faith Estimate". The fees for my services
(known as loan origination fees) generally run anywhere from 0.5-1.0% of the loan. The size of the fee will
depend on the loan amount and the exact details of your situation. The more complicated the loan, the
larger the fee up to a maximum of 1.0% of the loan. You will find, however, that my fee structure is
extremely fair when compared to the industry standard of at least a 2.0% loan origination fee.
5 Bedrooms, 2 plus baths
1810 square feet
1810 square feet
$735,000 w/ Roof Credit
11574 Estrella Court
Dublin, CA
11574 Estrella Court
Dublin, CA
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Joseph Mendes, MBA
Realtor and Mortgage Broker
Your Realtor and More
510-281-0501
Realtor and Mortgage Broker
Your Realtor and More
510-281-0501
®
®