CA Mortgage Broker

It is a great time to buy ...or refinance a home!

Low interest rates and lower home prices are providing some of the best ownership and home investment opportunities we have seen for a long time. If you are thinking of buying or refinancing, this is THE best time in years!

My mission, which I also enjoy very much, is to explain your loan program options, answer your questions, and help you reach your financing goals. I have helped many people, and their friends and families, do just that all across California, since 1994.

My pricing model and complete transparency, will help you make the smart choice for your home loan, allowing you to keep more of your hard-earned money - for the other things in life you want.

Keith Kaser, Broker

Placer Mortgage

(800) 579-1435 Direct

A Primer on Lender fees and Appraisal costs:

All loans, no matter the lender or broker, have them. They are called by many different names but Zillow, wisely just totals them up as "lender fees" (technically an appraisal is not a lender fee, but it is a loan-related cost). This system gives a fair comparison. (if all are quoted accurately, but unfortunately - some do not).

Lender fees average from about $800 to $1500 or sometimes more, and appraisals average $350 to $500, depending on the size, and type of home or investment property.

My lenders fees cost me an average $950 and the appraisal cost is whatever the appraiser charges. Up to $500,000 value, the appraisal fee is $350-$400 in most areas.

Even though these fees are completely unavoidable costs of closing a loan, you will not always see them in my closing cost quotes. This is because all loan providers may, and often do, earn a portion, or sometimes all their compensation, from the lenders they use - depending on the program and rate you select.

n this way, I also do not have to charge you directly for my mortgage services ...or these fees. This is how all lenders are able to offer "no points, origination fee, appraisal, or lender fee loans", in any combination. If sufficient compensation, or "lender premium" is available, (easier to accomplish in owner occupied, fixed rate, and larger loans), then I may be able to offer, within your custom quote, to pay some or all of these fees through a credit to you at closing, thereby lowering your total closing costs.

If you do not see some, or all of these fees, in my quote, it is because my compensation, at the time quoted, is sufficient to also be shared with you by paying these fees.

It takes great loan sources to get, and give the best pricing, however most sources are readily available, particularly to the best brokers. Since most pricing is set, and nearly common to all, this brings us to the only thing a Broker or other Lender has any real control over - how much they need on each loan placed, to be profitable. Long time brokers, like myself with great lending sources and low overhead, can still be profitable with a lower margin. If you choose my services you can expect a smooth and successfull transaction, while also saving yourself perhaps $1000's of dollars over other mortgage sources, banks, or brokers.

You have made a smart choice to come to Zillow for your home loan and this is where the many "good deals" are found, but also, unfortunately, where the less reputable "bait and switch" quotes are sometimes also found. If you see a quote obviously way below the best of the offered quotes, it may be just a mistake ...or worse. Be sure to make a smart choice ...whomever you choose, also in your financing.
Other Closing Costs -

There are always other third party closing costs, which upon request, I can accurately estimate and provide to you - but these are also fees no lender or Broker has any control over. In some cases, I am also able to offer additional Broker credits toward some, or all, of these third party charges depending on the rate, loan program, and length of rate lock selected.

Please feel free to contact me at 800-579-1435 if you have any mortgage, home loan, credit, or pricing questions, or would like to see how much financing you may qualify for.

Keith

Note: Please excuse the compressed format and lack of paragraph breaks. Zillow is having some system wide text formatting issues, hopefully soon to be resolved.