The Upfront Mortgage Broker

Business Philosophy

When it comes to lending, I feel that it is important to be upfront with my clients regarding their loan. I have chosen, therefore, to elect to do business as an Upfront Mortgage Broker (UMB).  An UMB is one who has elected to do business in an upfront and fully transparent way. Click on this link www.josephmendes.com/Upfront_MB.html to find out about the major differences between a UMB and a conventional mortgage broker (MB).

The Best Rate at the Lowest Cost

My goal as a Mortgage Broker is to find the best possible rate at the lowest possible cost.   All lenders are not created equal and all lenders, from week to week, month to month, may be offering uniquely competitive rates for specific loan
programs.  Shopping rates is one benefit of working with a Mortgage Broker versus going to a bank or other stand-alone lending institutes.  It is my job to find the most competitive lender whom will best fit your particular needs and then pass these
savings onto you. 

Fee Structure

In the lending business there are a variety of fees charged by various parties involved in the origination of the loan.  Fees are generated by the title and escrow process, lender underwriting, a property appraisal, loan origination fees, etc.  The
exact fees you will be paying can be determined, for the most part, early in the loan process and will be communicated via the "Good Faith Estimate".   The fees for my services (known as loan origination fees) generally run anywhere from 0.5-1.0% of
the loan.  The more complicated the loan, the larger the fee up to a maximum of 1.0% of the loan.   You will find, however, that my fee structure is extremely fair
when compared to the industry standard of at least a 2.0% loan origination fee.

We Serve: Mortgage Broker Castro Valley, Mortgage Broker San Francisco Bay Area, Mortgage Broker Peninsula, Mortgage Broker East Bay, Mortgage Broker Tri Valley