When you search for a lender for your refinance loan or second mortgage, look for a few key factors. First, how long has the company been in business? The mortgage lending industry is chock full of fly-by-night companies that act as middlemen between you and the lending source in order to simply get a piece of the mortgage pie.
At Downs Financial, Inc., we are a direct lender. There are no middlemen or go-betweens. This means we don't have mark up the cost of the loan in order to profit. We are eight years in the business and growing, which says something about the way we do business.
Second, you must consider the source; where is the company located? This is especially important if you find the company online. Some companies aren't even located in the United States! They are simply online fronts for overseas companies that act as middlemen and charge you for their connection to the bank. At Downs Financial, Inc., on the other hand, we have an extensive network of title companies and appraisers, so we can always provide you with fast, local service. We specialize in refinance debt consolidation and cash-out loans. So whatever your goals for your refinance, we can help.
Third, how diverse are the companies loan programs? We offer some of the most comprehensive programs with the best rates around. We are a nationwide lending source, so we can assist you with your mortgage needs no matter where you live. Also, because we have our own funding, we can be more forgiving of customers with less-than-perfect credit.