CURRENT TRENDS IN MORTGAGE INDUSTRY and HOW TO CHOOSE RIGHT MORTGAGE COMPANY

Unfortunately, the main concept of the mortgage process “to obtain a mortgage is not the same

as to buy apples on the farmers market” is misunderstood and neglected not just by public, but

many real estate professionals as well. Because of complexity of the matter for many people the

terms – loan approval and closing remain a mysterious subject. I might exaggerate a bit here, but

it is very common in mortgage industry to play the guess games about loan approvals and closings

at the time of loan application. One game by loan applicant – “Can I get it, or not?” or “Can you do

it, or not?’, and on the other end the second game by loan officer, experienced one – “We will try, I

can’t guarantee it “, not experienced – “Sure, we’ll do”.

Despite the fact that in compliance with governmental regulations enacted after 2007

Mortgage Chaos, banks and reputable mortgage companies are trying their best

to educate consumer about mortgages and refrain themselves from any misleading

advertisements, you still can find on the market statements such as “Loan Pre‐Qualification is easy

as 1‐2‐3”, or “We make loans easy”. These statements are illegal and without notifications that

“not everyone can be eligible for financing, you have to qualify to obtain your mortgage” causing

another chaos in the minds of their potential clients.

At CalSun Mortgage, we know how to make our cl i ents happy i nstead o f

keeping them in limbo for a few weeks without any answer. According to our mission and

because of our expertise and ability to analyze and underwrite loan applications we have a certain

advantage to control our funding sources and prevent unnecessary complications, obstacles and

delays in the course of loan approval and closing.

Many complications occur especially with self‐employed borrowers and First‐Time Homebuyer. At

CalSun Mortgage, we get those borrowers from other mortgage companies and banks who have

been turned down or did not get any answer. Because of our expertize