With all of the industry upheaval - lenders going out of business, layoffs industry-wide, a slower real estate market -

Will Saint Lawrence Mortgage be able to close my loan?

Michael Sanborn, Owner/Broker

Yes!

Because Saint Lawrence Mortgage is a broker acting on your behalf, we don't lend our own money. So, we don't have the 'liquidity' problems, layoffs or uncertainty that many sub-prime lenders are experiencing at present. Notice that we specify SUB-PRIME lenders are the ones experiencing problems. Countrywide hit some rough water, but is through it, and that is 100% due to the issues affecting their sub-prime division.

With your interests at heart, we search for the best rate and program for your needs. We are always searching for new lenders for all products so that we can be sure you are receiving the best deal possible.

Here is a recent example of our savings:

Client shopped Lender A for a combo loan - 15 Year Fixed rate of 6.25% - 1% Origination. 8.25% 15 Year Fixed rate 2nd - 1% Origination.

Saint Lawrence Mortgage Solution - We took the client TO THE EXACT SAME LENDER through their wholesale division. Our product - 15 year fixed rate of 6.25% - ZERO POINTS AND NO BROKER FEE. 7.875% 15 year fixed second mortgage - ZERO POINTS AND NO BROKER FEES.

THE SAME LENDER!! Although, his closing costs were thousands less with us.

Mike entered the mortgage industry in January, 1999 as a loan originator for a major lender. He eventually moved into origination management and then became an Underwriter. In 2004 he started Saint Lawrence Mortgage, LLC pioneering the flat fee/wholesale rate program. After years of witnessing last minute rate/fee changes and a 'sloppiness' that seemed to pervade the mortgage industry, Mike wanted to present a clear, upfront approach to the entire loan process. Why do rates vary from lender to lender, why is the origination fee more just because the loan amount is more, how can I be sure I'm getting a great deal? These are some of the questions Mike can answer definitively with his flat fee/wholesale rate program.

Mike joined the Upfront Mortgage Brokers, created by Jack Guttentag of www.mtgprofessor.com (Mortgage Professor). In 2006 the Upfront Mortgage Brokers Association was formed and Mike continues his active membership and espousal of the commitment to provide honest, upfront and objective consultation to all clients. Please feel free to email Mike at mike@saintlawrencemortgage.com or call any time.

An Upfront Mortgage Broker since 2004

Licensed Idaho and Washington Mortgage Broker