Our primary objective is to create a seamless and painless loan experience for you. Our senior loan officers each have over 20 years experience in the mortgage industry, including escrow experience. We will take the stress out of the application process and tell you right up front what types of loans are available for your personal situation.
AND KNOW THIS: Literally every lender on the planet has "costs" associated with their loans.!! And whether you pay those costs up front or in the interest rate over the life of the loan is the key element.
OUR JOB IS TO EDUCATE ALONG THE WAY -- AND THERE IS NO SUCH THING AS A TRUE "NO-COST" LOAN.
LOAN INTEREST RATES AND FEES ARE NEGOTIABLE!!
Matrix is a wholesale provider to most major lending institutions: J.P Morgan Chase, Wells Fargo and Wachovia (just to name a few that are also local banks in your neighborhood). Just follow these easy steps and you will help us help you even more.
Make a list of any questions you have about the loan programs. Be sure you ask us about the advantages and disadvantages of the various loan programs for which you might qualify, including the pros and cons of Fixed Rate Mortgages versus Adjustable Rate Mortgages. There are no "silly questions". It's only silly not to ask questions.
Think about whether to lock-in or float the loan's interest rate. "Locking-in" the rate means that the lender commits to the loan interest rate at the time the loan application is submitted. You might want to "float" the rate if you believe that interest rates are going down in the near future. Buyers who opt to "float" take the risk is that interest rates may rise, increasing the mortgage payment. However, we will always contact and counsel you when it looks like rates are moving - in either direction.
Think about paying additional points to lower your interest rate. This can be a very powerful tool if you intend to live in the home for very long. A "point" is equal to 1% of the total loan amount. And banks use this to literally "buy" the interest rate down to a lower rate. Typically the point-cost is balanced out in about 3 to 4 years of making "lower loan payments". Then the rest of the years of continued ownership are "money ahead" for you, the borrower.
Gather your paperwork. (click on "Loan Application Checklist" - left side of the page)
6155 Almaden Expressway, Suite 350 San Jose, CA 95120 Phone: Fax:
