BY COMBINING REAL ESTATE AND MORTGAGES IN ONE PACKAGE WE CAN OFFER YOU A
TRUE - NO COST LOAN!
Only through The Sound Team of Keller Williams
and
Washington Financial Group
When you work with The Sound Team to buy your new home, we will pay for the appraisal, credit reports, lender fees, title and escrow costs. Provided you use our mortgage partner Washington Financial Group, as there will be a ZERO% origination fee.
Other no cost mortgages roll the closing costs into a higher interest rate than you could get by paying your own closing costs.
Therefore, since we are paying your closing costs, Washington Financial does not need to raise the interest rate to cover closing costs.
SAVING YOU OVER $6,000 IN CLOSING
COSTS!
Also, we consistently negotiate on behalf of our clients for the seller to pay a percentage of the price of the home towards the buyers closing costs.Since we are paying the closing costs, any negotiated seller contributions can go towards buying the rate down to lower your payment or allow you to be qualified to buy a higher priced home.
Our buyers typically wind up with ¾% lower interest rate!
AT NO COST TO THEM!
Imagine you would normally qualify for a $300,000 home. Three bedroom homes in the neighborhood you like sell for $300,000. You really would like to have another bedroom for an office or a den but the four-bedroom homes sell for $30,000 more.
By having us pay your closing costs and negotiate for the seller to “buy down” your rate, you may qualify for the $330,000 you need for a four bedroom home at the same payment as you would have otherwise paid on the three bedroom home.
Why do we do this?
Simply because, it is a sound business model!
NEWS FLASH! JUST IN!
The Seattle Times has validated our business model in a Sept. 3, 2007 article!
Yes, the loan officer and company do make an income.
- But we agree, up front, to fully disclose our compensation and limit your costs.
- We agree, upon request, to provide you with a copy of the lender’s rate sheet upon selecting a mortgage program and locking your mortgage.
- Additionally we will provide a copy of the written confirmation of the rate lock as soon as it has been received from the lender.
- At the same time, the broker will guarantee all fees charged by the lender who locks the rate.
- There is typically enough commission in a real estate home purchase and mortgage that we can make this offer and still have a decent income.
- Our referrals create sufficient volume to allow us to make this offer. Please refer this site to your family, friends and co-workers.
Yield Spread Premium pays loan fee
There is something called “Yield Spread Premium” (YSP) which is money paid by the Lender to the mortgage company to deliver your mortgage to them at higher interest rates (money, which when deceptively used pays for your “Free Mortgage”). That can be dishonest, an abuse of their superior knowledge; if not fully explained and disclosed; understood and mutually agreed upon- up front.
An honest use of the YSP, properly disclosed and understood, is to let the Lender compensate the loan officer/ mortgage company for their services in putting your mortgage together. We typically receive about a 1% YSP for our services, whereas the industry average YSP is 1-2% plus the 1% loan origination fee! That’s 2-3% for their compensation! AND, that’s the industry average!
We know that this can be confusing, but here’s the point, yes the loan officer/ mortgage company does receive payment from the lender as compensation for your loan. We make a lower income off of the Lender paid YSP AND we provide you with an interest rate LOWER than reported by Freddie Mac, which IS the industry average! That’s because the Freddie Mac average includes excess average YSP! It is an “Average” of what other loan originators charge and MORE than we charge.
We do this because we are sincere in our belief that home purchases should be part of sound financial decisions.
- We are advocates for full disclosure in the mortgage process.
- We believe in getting our clients the best possible mortgage at the lowest agreed upon cost.
- We don’t believe in surprises at closing. We make our profit entirely from the Lender paid Yield Spread Premium. And, we fully disclose our income and your true costs with our Good Faith Estimate.
- If you have taken out a mortgage in the past, just look at all of those fees that were charged. Imagine paying NO COSTS! And getting the lowest interest rates possible!
- We believe that you come to us for the best financial advice and should receive our best sound financial advice.
- We make more money, in the long haul, by not gouging our clients. This results in referral and repeat business, which our happy clients send us over the years. And we sleep better for it.
- We give our clients an honest, professional evaluation of their financial needs and goals, and find the best mortgage that meets those goals. That’s why 72% of our business comes from repeat clients- and their family, friends and co-workers that they refer to us.
- The only way we can make our offer is by having a working relationship with our real estate partners, who contribute toward your closing costs.
We would truly like to prove to you that we are a very different type of mortgage and real estate combination. Our inspiration has been Dick Todhunter, Real Estate Associate Broker, Mortgage Broker, MBA- Finance. And 33 years of extremely high standards of honesty, integrity and customer service. He has been providing the services outlined herein since 1988 and founded RealtyAndaMortgage in 1999.
You can rest assured that every member of the extended RealtyAndaMortgage staff has your best interest at heart- or they wouldn’t be working with us.
Sincerely,
Dick Todhunter
This is just one of the many advantages when you have The Sound Team represent you for your home purchase. If you have any questions or would like to get pre-qualified for a home purchase, give us a call at:
CALL TODAY 206-898-3776
OR EMAIL
INFO@THESOUNDTEAM.COM
Restrictions apply, OAC
This offer may be withdrawn at any time prior to registration. 