|
Mortgage Law
Looking
for the right mortgage to buy or refinance a property is a decision that
requires careful consideration. Who can you trust for your best chances of
a smooth and on time real estate transaction? Most lenders are
commissioned, and as such, their services and fees vary according to the
size and type of your mortgage loan. This will likely cost you thousands
of dollars at closing in the form of high lender fees and a higher
mortgage interest rate than you may have otherwise qualified for. Banks,
mortgage companies and credit unions earn hidden fees paid by the
wholesale lender (i.e., Fannie Mae, Freddie Mac, FHA, and VA) in the form
of “Yield Spread Premiums” which are paid to these companies at
closing, usually without the knowledge of the borrower. The higher the
interest rate that is “sold” to the borrower, the higher the yield
spread premium. Thus banks, mortgage companies, and credit unions are
likely motivated by commissions rather than the borrowers best interests.
Mortgage
Law Attorneys have the legal and ethical obligation to represent your best
interests in all aspects of your real estate transaction. Because of our
relationship with wholesale lenders, this office can provide lower
interest rates than you would receive through a retail loan officer or a
mortgage broker. These individuals earn extra fees by selling the loan to
you at higher rates than their organization buys them for. As attorneys,
we bypass the commissioned loan officer and offer the ultimate mortgage
product at the wholesale rate. With the benefit of counsel you will have
the confidence that you made an informed decision regarding your mortgage
by receiving unbiased, uncomissioned advice from a lawyer.
To help us serve
you better, please complete this form and click submit. You
can also mail the form to Adams & Associates, P.A., 900 W. 49 Street,
Hialeah, Florida 33012 or download
our form and fax to us at 305-824-3868.
* Indicates a required field
We recognize that
privacy is an important issue, so we operate our firm with the utmost
confidentiality of your information in mind. Please read our Privacy
Policy for more information.
Main Telephone
Number:
305.824.9800
Main Fax Number: 305.824.3868
|
|
