Committed to YOUR needs...
Customers first
I Do Not take this term lightly. Borrowers who are happy with the mortgage loan we helped them get are more important to us than anything else. Our goal is to make the loan process as simple and worry-free as possible. We pride ourselves in offering the highest level of customer service, and appreciate the opportunity to earn your business. Whether you want to refinance for a lower mortgage rate, get a new home mortgage, home equity loan or second mortgage, our purpose is to satisfy your needs. By putting you first, we assure you a pleasurable transaction, with a loan you can live with.
Mortgage Forclosure Crisis
I felt it nessasary to speak about growing concerns regarding the Mortgage Crisis in the country. This is a serious problem that will not be fixed over a short period of time. To sum it up simply,
- Foreclosures spiked, and may continue to, due to lack of growth in the middle sector.
- The mortgage industry, large lenders, tightened regulations, hoping that this would fix the problem.
- So, middle sector and sub prime borrowers, whose loans are coming due for refit, have nowhere to turn for a refinance. According to Sen. Klein this number will be near one trillion in the next year. The real difference between a real mortgage professional and someone who just wants a paycheck is; the preparation of the mortgage loan. That means the mortgage pro may have to look a little to find the best loan for the borrower.
Due diligence is the rule, and proper mortgage planning is a must. If a mortgage pro does not ask the question or say,
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" Where do you want to be in 5 years?"
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"This is where you will be in 5 years if you take this loan"
Then he or she is not only not doing their job properly, but is putting ALL borrowers at risk of foreclosure when a market shift like this occurs.
I am a 23 year Mortgage Originator, Processor, and Underwriter. Customer first is the way I was trained back at Dollar Dry Dock Bank & DIME, and that is the way I do buisness now. To my knowledge I have never had one foreclosure, of an estimated $100,000,000 closed. That is my specialty. "The loan for your dreams" is our motto, because you must position yourself for the future with prudent mortgage financing. There is still sound mortgage money to be had, if you know HOW not where to look.
BMC Productions Mortgage Co. Attends Sub-Prime Mortgage Hearing
Recently there was a hearing in Yonkers regarding this very subject, attended by Sen. Jeff Klein, www.nyssenate34.com, Sen. Andrea Stewart-Cousins, www.nyssenate35.com, and the Supt. of the NY State Banking Dept. Richard H. Neiman www.banking.state.ny.us, as well as other experts in the mortgage industry like Veronica Raphael of Westchester Residential Opportunities, www.wroinc.org, and Michael Mitchell of the National Community Reinvestment Coalition, www.ncrc.org. The weight of the attendees alone would suggest the gravity of the situation. I am proud to say that I, Brian Carter, and Demitrio Acot, Sales Manager, BMC Productions Mortgage Co., were the only mortgage professionals in attendance, and I was the only one to address the crowd. After my address I received praise from Sen. Andrea Stewart-Cousins. " We need more Mortgage Professionals like Mr. Carter". I have included websites regarding the sub-prime mortgage crisis, and mortgage reform above. Below is a guide to this website with tools for better mortgage decisions.
Tools to Help in Your Decision
At our website you can find tools available to answer virtually any mortgage question. Even if you "should" commit to a mortgage even if you qualify.
- Trying to decide if now is a good time to refinance? Check out our Refinance Mortgage Calculator.
- Wondering if a new home equity loan or second mortgage can lower your monthly payments? Use our Debt Consolidation Mortgage Calculator!
- Confused by all the loan programs from which to choose? Our Loan Program page will help you find the right type of loan for you.
- Also, we'll be happy to prepare a personalized mortgage quote for the home mortgage program of your choice.
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