Orlando Mortgage Blog

Conventional Conforming Loan Price Adjusters Matter On Your Quote

January 27th, 2009 1:55 PM by BILL WILBANKS

In the current conventional mortgage world pricing your next loan will be more like buying a vehicle. You have the base model and then you have the add-on price adjusters for a laundry list of what-if options today such as:

  • The loan-to-value (LTV) you are requesting
  • Your credit score that applies
  • Your loan purpose such as purchase, refinance or cash out
  • The term such as 30 year vs. 15 years or less
  • The intended use of the collateral: owner occupied vs. investor
  • Whether there is secondary financing and at what LTV/CLTV
  • Is it a condominium, what LTV / Can it be done (Florida)
  • Are you escrowing the taxes and insurance or not
  • The loan size has always been part of the rate quote

So, custom written loan quotes are a must today. There is no more one size fits all in the modern mortgage market. Please call me today and let me work up a package designed specifically for your needs based on your assumption of facts today. Complete file submissions are required once you apply.


Request an emailed estimate today or call me at (407)647-4440.

Posted in:General
Posted by BILL WILBANKS on January 27th, 2009 1:55 PM


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