Available 7 days a week
Any day, any time availability. Call me at your convenient time.
Easy and fast application process
Will prepare the application for you (and not just forward you a link to complete the application yourself)
Lower Closing Costs
No Application Fees, No 3rd Party Processing Fees, No Employment Verification Fees, etc
A Loan Call Center
In comparison with major banks...
When you call a Loan Officer in a major bank or at an online loan portal, they usually will forward a link to a website to complete an online loan application. Customers need to type in the personal, employment, income, asset, housing expense details, etc. Loan Officers often spend hours of time preparing a loan application package themselves and can now carry over that process to the borrower. If you are computer savvy, and have a lot of time, go for it, it is the new technology. As your Loan Officer, my first priority is to work myself, and prepare your loan application, so the customer can save time and efforts. When you work with me, you are not just an account number. There is no call center to "press 1-2-3" to wait for the next available representative to know the status of your loan application. I am available at your convenience, 7 days a week, to discuss the loan options, for rate quotes and provide fast pre-approvals.
Most online quote rates are based on "best rate scenarios" - 25% down payment, 740+ Credit Scores, etc. Please look for strategies by lenders in order to appear to have the "lowest" rate. For example some quote a low rate, but charge points. Others advertise "Zero points" but charge "discount fees", "impound account waiver fees", “processing fees", "lender fees", etc. A few others quote low rates, and advise clients to not lock the rate with the hope that the market goes down during the escrow. But what if rates go up? A rate quoted but not locked is of ZERO value on the next day as rate changes daily and often multiple times in a day. After the economic recession in 2008, the Federal Government passed many resolutions to streamline the mortgage industry. Each day, depending on which lender comes out with their pricing sheets, rates of lenders are within fractional margins of each other. Interest rate changes daily and often multiple times a day. Most people spend hours shopping rates online, but do not understand that many online rate quote sites are lead generation sites, and your contact information will be forwarded to many call centers and lenders nationwide. Always remember to choose a lender you trust, NOT necessarily the lender quoting you the "absolute lower" rate.
Compare Rate Quotes - Read the fine print - As the saying "All that glitters, is not Gold"
A Mortgage Broker VS A Loan Officer at a Major Bank
Watch Video - Broker vs a Bank
A mortgage broker needs to complete pre licensing education, pass state and federal examinations, complete background check, is fingerprinted - surety bonded - credit checked, have pre-employment education, yearly license renewals and continuing education. But do you know that loan officers at major Banks, most credit unions, or mortgage companies owned by a bank are NOT REQUIRED be licensed, complete pre-licensing education, pass any federal or state tests, have yearly license renewals or have to complete continuing education to work as a Loan Officer? A Mortgage Broker works for YOU, the client. But a Bank Loan officer works for the Bank selling their loan programs.
I self process* most loans, does that matter?
Yes. Loan processors have turn times - 72 hours for new submissions, 48 hours for conditions review, 24 hours to upload documents, etc. When your interest rate is locked every day is important as rate extension is expensive (extensions may cost 0.25 – 0.50 percent of loan amount). Loan processors often work for many loan originators, handling hundreds of files, and there is a high possibility of missing deadlines, if they don't have a proper file review system. Also in many cases, borrower is charged 3rd party processing fees (other than lender underwriting fees). As I self process most loans, for my clients, I am the single point of contact throughout the loan process – from application through processing and loan funding. Most importantly, after close of escrow, if you have any transaction related questions, I am still accessible.
* based on Lender Approval as some lenders mandates using a Processor
Lock a Rate or Wait? - There is no way to predict how the rates will change!
Mortgage customers shop around to find the Lender that quotes the lowest interest rate. But if the interest rate is not locked that rate quote is of no value. Interest rates change on a daily basis and often multiple times a day. In a mortgage transaction, it is recommended to lock rates immediately because if rate increases it changes your DTI ratios and could affect loan qualification. Additionally, most lenders require the rates be locked before loan is submitted for underwriting. Rates are always changing, minute by minute, hour by hour, day by day. By locking you are guaranteed that rate at close, thus take the guesswork out of the situation.
Get Loans from 100+ Banks, Direct Lenders, Credit Unions & Investors
As California’s largest wholesale mortgage lender, we can broker with the wholesale division of major banks, as well as smaller banks and investors that are in our network who offer unique loan programs and are competitively priced. We have access to virtually every loan program available in today’s mortgage market. C2 Financial is known for fast closings, competitive rates and great service. We use lenders that have very few overlays and have closed deals that other lenders have declines. Since each loan and client requirements are different, we search over 100 different banks and investors to find a suitable choice. Thus, borrowers can save their time calling around different banks to compare rates.