FREE Good Faith Estimate Review
Already working with a mortgage broker or lender? Send us your competing Good Faith Estimate and our mortgage consultants will help train you so that you can make an informed decision and insure the best rates and closing costs for your next home loan.
In today’s mortgage industry it can be very difficult to compare “apples to apples” when reviewing Good Faith Estimates from multiple mortgage companies. There are many ways to structure loans by modifying fees and rates and nothing ever seems as straight forward as it should be. At Lone Star Financing we try to be very straightforward with our rates and fees and educate our customers so that they can secure the best loan at the best possible rates and closing costs without any hesitation.
At Lone Star Financing our goal is to find the best mortgage loan types that offer the best lending scenarios for each individual’s situation. As a “broker banker” Lone Star Financing provides many fringe benefits over competing companies. Lone Star Financing offers direct wholesale lending. As a “mortgage banker” Lone Star Financing is able to offer direct wholesale lending prices just like Bank of America, Wells Fargo, Citibank and other major banks. But as a mortgage “broker banker” Lone Star Financing also has the abilities to broker your loan to other major mortgage lenders in Texas. Sometimes when one of the Lone Star Financing correspondent lenders not be able to provide a certain rate or product, then we just arrange it from outside of our bank to meet the clients needs. This ability as a mortgage broker-banker gives Lone Star Financing more loan products and the best possible rates for our customers.
So how does Lone Star Financing offer better rates than the major banks? Lone Star Financing is privately owned and doesn’t have the bureaucracy and overhead as larger banks. This is why we are able to reduce our fees and rates even further than the major banks. We also have the ability to broker loans to secondary markets and it simply means that Lone Star Financing can offer more loan products with much better pricing. This includes both major banks as well as the traditional mortgage broker companies.
This is why we aren’t scared to go head to head with competing GFE’s. In fact we encourage it and the reason we offer free consultation and GFE reviews. If you aren’t shopping your Good Faith Estimates, then chances are you are paying more in either fees or a higher rate and leaving money on the table. Call us today and one of our friendly loan consultants will review your Good Faith Estimate at no cost and guide you with the information you need in order to know whether your GFE is out of line or has any hidden fees that you should negotiate. Visit us at www.lonestarfinancing.com today for more information.