Neighborly Financial Mortgage - 
       We chose the name for a reason                     
         - it’s the way we do business:
              (watch our video)

.

Who we are….

We are a mortgage broker
              - having agreements  with a variety
                 of mortgage lenders
              – to get you the best rates, costs,
                 and fees on your mortgage loan. 
              – you can go direct to the big
                 lenders,
                       - but we can go there too,
                       – with lower overhead,
                       – and special attention to you.  
              – we do home loans 
                        – for home purchases 
                        – and refinancing 

How we work…

No Games
              – educating you about the process
              – and your options.

-   Full disclosure:
              – all costs, fees, and facts 
              - up front
              - we’ll tell you how much we make.

-  Our overhead is about the lowest around 
              – and we pass the savings on to you.

- Getting you the right loan for your situation
              – not just any loan.

- Great rates for people with good credit.

- We are happy to do evening and weekend appointments.

- We will meet with you at your home,
              – or in our office,
              – at your convenience

- Free consultations, with no commitment on your part.
 
- We’re local - 
            Roseville, Sacramento, Granite Bay,
            Auburn, Lincoln, Rocklin, Newcastle, 
            Citrus Heights,  Fair Oaks, Orangevale,
            Penryn, Folsom, to name a few,  
            and Placer and Sacramento counties

- We focus on the quality of our service,
              – not the volume of transactions.

- Your family’s long term partner for mortgage planning . 

We don’t treat a home mortgage as a one time transaction with you. We see it as an opportunity to become a long term resource for any mortgage questions you may have. Your home loan is just one piece of your financial picture. It is a tool to help you achieve your goals, provided you understand it fully and use it correctly. We start by focusing on your long term goals, and provide information and insights to help you make sure that the mortgage you get is the right mortgage for you. And the information we provide is much more than just about the mortgage options available to you. It includes information about the process of getting the mortgage, including all costs, fees, rates, and inside information about the mortage industry.

We offer full disclosure of all fees, including how much we make on each transaction. We provide full insight into the impact of your loan on your long term goals. This includes showing options for early payoffs, total interest paid over the life of the loan, and any questions you may have. Our goal is to provide you with the information and education you need to be a wise consumer. Of course our rates are great, since we have access to some of the largest lenders, but what makes us different is our goal to help you make an informed decision about what is best for you.

Whether you are looking for a Re-fi, a loan for your new home, getting prequalified, or just have questions about home mortgages or the loan process, let us help you. Just request a free consultation with one of our loan experts, or with our complete and secure mortgage center, you can also get answers on your own. Check it out!!! 

Get trusted advice on which loan is right for your situation and a long-term mortgage advisor to guide you at each step from pre-qualification, comparing loans, improving your credit score, applying for a loan, and ensuring a timely closing. Let our experts provide you with the analysis, education, and information you need.

And, we are local…. we do Roseville Mortgages, Sacramento mortgages, Lincoln mortgages, Auburn Mortgages, Granite Bay Mortgages, and all surrounding areas ……..

If you need a home loan, give us a call.

You can also find us on:

Sacramentotop10.com

When you shop for a mortgage by looking for the lowest rates and fees in advertizements from lenders, you can certainly get a loan, but there are many pitfalls and hidden subleties that will cost most people hundreds of dollars.   Unfortunately, you wont find out until you begin to move thru the process.  When you follow this approach, the odds are against you that you will get the lowest cost for your situation.    Here’s why….

Here are 3 reasons that advertized rates and fees can lead you astray.

1)  Disclosure laws require that only some of the costs are disclosed in advertizing. Lenders generally won’t tell you the costs and fees that they are not required to disclose until you get a Good Faith Estimate.  Be careful when comparing APR.  This is a requred disclosure in all advertizing, but unless you know the details behind the calculations, it can be very misleading.  APR includes only some the cost and fees to get a loan.  Also, it is very easy to pursue the lowest APR and get the wrong loan for your situation, or get stuck with extremely high hidden fees.

2)  The assumptions used are critical………..  Every loan and borrower are different. In order to get the rates and fees for your loan, your lender/broker must ask several questions about: your home, down payment, loan amount,debts, FICO scores, income, and type of loan.

If you don’t go through these questions with your broker, he will assume the best case scenario in order to give you the impression that the rate, costs, and fees are very low. This won’t give you a good idea of your final outcome. It takes about an hour to go through these questions.

3)  Many lenders use ads that contain phrases like “no points”,  “no fees”, “no out of pocket costs”, or “no costs”.   It is a fact that there are always costs to acquire a new loan.  When phrases like these are used, they are designed to do nothing more than confuse the buyer into thinking they are getting something for nothing.  

Summary

In the end, picking a lender based on lowest advertized rates and fees will most likely lead to a higher final cost (by several hundred dollars) and a surprise or two along the way.   

And here’s what you can do about it……     

The only way to get a clear picture is to get a GFE from a small group of lenders/brokers that your trust (see our video on how to get the best rates).    

If you pick a lender based on their advertized low rate and fees here are some clues that you are headed for a surprise.  If the Good Faith Estimate they give you is different from what was in the ad or if they give excuses as to why you are not getting that low rate ( such as a “low FICO score”, “Rates went up”, etc) , this is just a start as to how they will treat you during the rest of the process.

Welcome to the Neighborly Way……

When you come to us, we provide an extended discussion about all the specificd for your situation and the implications that they have on you.  We provide a full disclosure of all costs in writing, up-front.  We don’t want you to be surprised later in the process.

John Graham was great to work with and was very professional.  The frequent emails keeping me updated were very useful.  I will didn’t feel pressured at all, which was great.  I would recommend John to any one needing a loan.

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From Dan and Helene.
Overall, we were very happy with the service you both gave.  Coming to our home and explaining the options helped us to narrow down what was best for us.  Once the paperwork on our end was done, you moved quickly to secure the rates and complete the loan.  We wouldn’t hesitate to use your company again when have the need.  Thanks you both for making it a positive experience.

__________________________________________________________________________________

From Bob and Annie.
Service was excellent.  We really appreciated the home appointments and the email follow-up. We also appreciated the representation at closing. We will definately recommend you to friends. THANKS!!

___________________________________________________________________________________

From Chuck
It has been an enjoyable experience to work with you and the Neighborly team. Let me say that the entire process from top to bottom was top notch. I would highly recommend your service.

Some specifics::
- A thorough explanation/education was provided every step of the way.
- Did not feel pressured or hurried in any way. I felt like I was working with a consultant rather than a salesperson.
- Always felt confident in the experience & knowledge of the Neighborly team.
- Prompt follow through and attention to detail during the process.
- Neighborly never overpromised on anything.

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From John and Angela:

Thanks for hooking us up with your loan officer and the support you provided to get us a great Refi.

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Tom:

I was very satisfied with the overall level of service and experience.  The highlights were:
1) very responsive (email, phone, fax)  – consistent contact and updates
2) informative / knowledgeable,  (not “salesman-ish”) – the Excel spreadsheet w/options was a great tool.
3) As customer I felt very well-treated and valued.

My one criticism would be for you guys to be a bit more aggressive with the third party entities (ie, HOA, Builder of condo) 

Overall:  very pleased with my experience and outcome.  I’d be delighted to refer you to friends, family, and acquaintances.

 Thank you again for a job well done!

Here are some major mistakes to avoid.

FICO score:
Don’t do anything to lower your FICO score prior to or during the loan process.  Don’t take out any new loans, open a new credit card,  pay off any large debts, or run up large charges on your credit cards.

(See our discussion on this topic in another tab.)

Debt-to-Income Ratio

Your debt-to-income ratio is your gross monthly income divided by the amount you spend on debt. Debt items include mortgage payments (including principal, interest, insurance, tax), car payments, credit card payments, student loans, child support payments, etc.  The lender considers debt-to-income ratio when approving you for a mortgage loan. Only 28 percent of your income can be used for your mortgage payments, which includes taxes and insurance; and absolutely no more than 45% percent (many times less) for the mortgage payment plus the rest of your debt. Anything you do to negatively affect your debt-to-income ratio may change an “approval” to a “disqualification.”

Avoid Red Flags

A red flag is any inquiry made regarding your credit worthiness. If you decide to purchase a big ticket item – like a car, boat or furniture – prior to closing, you’re at risk of having a red flag show up on your credit report.

Keep Your Money Where It Is

The balances of your liquid assets are considered when approving you for a mortgage loan. These liquid assets may include checking accounts, savings accounts, certificates of deposit, money market accounts, retirement accounts, stock and mutual funds.

Avoid changes to the balances of these accounts. Do not close accounts. Do not change banks. A large withdrawal or deposit to any of these accounts will trigger a red flag for your mortgage lender. If a red flag is triggered, you may be asked to produce a paper trail tracking large withdrawals and/or deposits.

Employment Status

For most employees a change of jobs to one of equal or higher pay will not trigger a red flag.  Lenders do like to see 6 months of employment with the same company. However, sales people should not change jobs prior to closing on their mortgage loan.  For people new to the workforce, most lenders require two years of steady employment with the same employer.

If your income is strictly salary than you should not have a problem changing to another job of equal or greater income. If, however, your income includes salary and bonuses, commissions and/or overtime, you should not change jobs prior to closing.

If your income is based solely on a 40-hour work week without overtime, than changing to a job with equal or greater hourly pay should not be a problem. However, if your income is dependent upon overtime pay, do not change jobs prior to closing.

If your income is from commission or a substantial portion of your income is from commission, then you should not change jobs. Typically, mortgage lenders average your commissions over the last two year period to determine income. Changing employers eliminates the two-year commission history and places uncertainty on your income status.

Talk to Your Loan Originator

Do not make any changes to your financial and employment status without first talking to your loan originator.

It may sound funny, but the best way to get the lowest rates and fees is by not starting with that in mind.  Don’t start by shopping for the lowest rates, points, and fees. These are often presented by a lender or broker as low, “teaser rates and fees” that are easily increased as you move thru the process.  You will hear phrases such as “no out of pocket costs”, or “no fees”, or “no increase in loan balance”, or “no points”.   This is just to confuse you.  It means they are pushing the costs and fees into another place and then passing them on to you, thinking you wont figure it out.

It may not be obvious, but the underlying interest rates are very competetive. The lender makes money on the fees and costs when they process the new loan.  This is where you need to focus.

It’s important to, first, spend some time to find a small group of brokers or lenders you trust.  Then, and only then, begin comparing rates among these brokers and lenders. 

If a lender is good, they should be discussing the following with you, before you commit to using them.
- The goals of your loan.  (Each will have a significant impact on your loan).
- How long will you be in the home? 
- What is important to you, low monthly payments, loan paid off by a certain date eg(retirement)? 
- New home purchase, vs refinance, second home, investment property, etc.   
- Do you need early payoff?
- Explain your options for a loan and what the implications are.
-  Adjustable vs. fixed rates. 
- Interest only loans, 
-  Second loans.
-  Jumbo loans
-  Investment property loans.
- Your credit history.  This would include:
           –  Bankruptcies or foreclosures, 
           –  payment history on credit cards, and 
           –  Credit cards you use and open balances and credit limits.
           - All points, fees, and rates associated with the loan. 

They should show you several options, explain them well enough that you feel confident in making a decision on your own.  They should also explain: 
   - The total cost of the interest paid over the life of the loan. Most times, this will be more than the amount borrowed.
   –  If the loan is adjustable, how much can the loan adjust, and how often?

Now, it will be time to talk about “What are the costs and fees for the loan?”.  
           There are always costs and fees with a new loan  — the question is how and when and how are they paid.  
           The lender should explain this.  How does the lender and broker get paid?  
           How much will they make on the loan? If they won’t share this, be very careful.

How much money will you need out of pocket at closing?

If the broker/lender follows this process, you can be confident that they will get you a very competitive rate with excellent fees and points.