About Mortgagequote.com And Jumboloan.com

About Mortgagequote.com & Jumboloan.com – Company History

Mortgagequote.com And Jumboloan.com Via New Century Financial Mortgage Is A Licensed Residential And Commercial Mortgage Brokerage Firm Located In Hollywood, Florida.

MortgageQuote.com and JumboLoan.com are a part of New Century Financial Mortgage and are approved for the following business activities: Commercial brokering or Lending, First brokering, High Cost, Lead Generation, Modifications, Home Equity/Lines of Credit, Reverse, Second’s, Short Sale in the state of Florida.

Founded with a mission to provide new age home financing solutions for people craving a thoughtful, personalized approach, New Century Financial Mortgage first entered the scene in South Florida. Since its inception, it has since grown to become one of Florida’s premier mortgage brokerages.

CEO and founder Michael Williamson humbly offers clients customized home financing solutions in combination with superior, high-quality guidance, while following the “know your client” rule. Having traveled the globe and lived in Monaco, to London, Manhattan, and all throughout Florida, Michael Williamson understands that no two client profiles are alike. Each requires its own personal attention and strategic plan. However, all final decisions are always left up to the client. Clients will always get to choose from the rates and terms that are available to them by the lender.

Michael holds or previously helds such professional licenses from life and health insurance, financial securities, mortgage broker, real estate agent industry and non licensed ventures such as blockchain/crypto and computer programming background. Along with Michael’s tenure at the prestigious Cass Business School at the University of London, a top 15 global business school, while obtaining his MBA, inspired him to pursue a new approach to home lending that would elevate the client experience. Offering more customer-oriented solutions and guiding them over the precipice into the new century. Our goal is to set the client up for success, as every loan must benefit the client. In addition, our company's history is important to us as we try to provide a superior customer experience to each client as we build our company based on building trust through relationships.

Digital Process

The mortgage and real estate industries have both taken decades to make innovating strides in platform enhancements and digital processes. However, we have been at the forefront of industry, leveraging innovations from multiple lenders, in order to provide you with the best possible financing solution available.

Have you ever wondered how a mortgage broker compares to other lenders? We have a unique edge over banks or credit unions because we incorporate a broader framework. This enables us to offer clients a variety of financing options by leveraging a myriad of lending relationships. Learn more about us by getting started.

Check out our NMLS consumer access profile when you look for a mortgage broker near me.

Our Approach

About our company, MortgageQuote.com, JumboLoan.com and New Century Financial Mortgage Company history prides ourselves on building private-client relationships above all else and trust. We’ve found that by asking the right questions and having meaningful conversations allows us to know our customer. We unpack your unique needs and come up with strategic solutions customized specifically to your interest.

How many times have you told a lender or broker, “well, another bank said they could do this” or “I went to my bank and they said they could offer…” and then that bank did not deliver?

Unlike with the national lenders where personal services go by the wayside and where you are just another sale and are not required to pass an NMLS exam, here at New Century Mortgage we embed ourselves into the guidance component, making sure to only guide financing solutions that align with your financial goals and all of us have passed the mortgage professional exam, and some of us are also real estate agents as well.

We strive to offer clients a tactful and streamlined application process leveraging a variety of digital platforms to help you make the right decision, lower or eliminate your out-of-pocket costs, and close with record speed in our opinion. Some loans may even be eligible for an e-closing, which means you don’t have to travel to the title company to close.

We try to offer a luxurious and full-service approach, taking you from the initial consultation and navigating you through the entirety of the loan process, all the way through (and past) closing while educating you along the way.

Our approach also provides you with other benefits, including:

Custom built and tailored solutions around your individualized credit profile.
Independent analyses, uninhibited by biases, providing a more transparency
Full digital suite of online tools and software to help streamline your application
Credible background, packed with over 24 years of financial experience and expertise
Support and remediation of any issues that come up from intake to close

Our Products And Services

We have a unique competitive advantage over other lenders and brokers which is that we offer a unique selection of mortgage financing solutions. This allows us to provide guidance and customize a mortgage plan for exactly the type of solution that meets your particular needs. We also try to help educate the client with our Education Center, such as our mortgage calculators and our mortgage programs. A more educated client is better informed, and therefore can make better decisions regarding your mortgage goals.

Conforming Conventional Mortgage Programs

Want a typical vanilla mortgage loan? We offer conforming conventional mortgage loans, what sets us apart is our process and attention to detail.

Sometimes a conforming conventional loan may be the best solution, however we try to complete a full analysis to understand and determine the extent of your financing needs before offering any mortgage financing solution. Our guidance may surprise you as there are strategies that you might not have thought of. After all, buying a home is one of the most expensive investments one will make in their life, wouldn’t you want your loan to be customized to your unique situation?

Affordable Lending Mortgage Programs

Some homebuyers may benefit from solutions that offer more flexibility when it comes to a required down payment. Borrowers looking for a more affordable solution may want to consider Fannie Mae’s Home Ready program or Freddie Mac’s Home Possible program or Home One Mortgage.

Looking to combine down payment assistance, such as grants, no-interest or zero-interest second mortgages, or other available programs with your purchase? No problem. Both of these solutions work great for borrowers applying and using down payment assistance funds.

New Century Mortgage offers both of these solutions to borrowers that are interested in purchasing a new primary dwelling. Some benefits include:

Lower Down Payment Requirements
Cancellable Private Mortgage Insurance
Caps on Loan-Level Price Adjustments
Community Seconds and Other DPA Permitted

Check to see if your estimated income and property qualify for these programs by using real estate search tools.

Think you make too much money to qualify for either Home Ready or Home Possible? While we can let you know our opinion, we might also recommend Freddie Mac’s Home One program which offers unencumbered restrictions on income for first time homebuyers.

About Mortgagequote.com And Jumboloan.com

Government-backed Mortgage Programs

MortgageQuote.com works with borrowers from all financial backgrounds. Had credit issues in the past? Don’t think your credit score will hold up when it comes to qualifying for a new purchase or refinance? Think again.

As a full-service mortgage broker, MortgageQuote.com offers clients flexible financing solutions including Federal Housing Administration (FHA), U.S. Department of Veterans Affairs (VA), and U.S. Department of Agriculture (USDA) mortgage loan programs.

While FHA programs are available to a broader audience, such as FHA REO Mortgage, or the FHA Streamline Mortgage; the USDA and VA loans may be better if you’re a borrower within a niche target market.

USDA loans are generally geared toward assisting borrowers located or moving to more rural communities.

Similarly, VA loan programs can be quite lucrative for qualified U.S. military service members on active duty, reservists, or retired from service. Spouses of service members may also qualify for entitlements.

FHA, USDA, and VA programs characteristically offer reasonable underwriting criteria as well flexible or no down payments. Purchase and refinance programs are both available through each agency respectively.

Furthermore, these programs can often have more favorable repayment terms compared to conforming conventional mortgages since they are insured by the federal government.

Overall, Some Benefits Include:

Lower Down Payment Requirements
Flexible Income and Credit Underwriting
Enhanced Collateral Requirements and Standards

Foreign Investor And Jumbo Mortgage Programs

Have your eyes set on that extravagant villa in Key West, that beach house in Ft. Lauderdale, or that private mansion in Boca Raton?

Specializing in foreign investor mortgages and high-end luxury real estate jumbo mortgages, we can recommend a variety of financing solutions to get you on your way to rest and relaxation on your new private estate.

Luxury real estate is typified, in part, by the higher price point it carries, meaning if you are not paying cash then you will usually need a larger loan to make your purchase.

We offer clients jumbo mortgage solutions that allow for higher loan amounts so you can purchase your dream home. Secure a sizable, non-conforming loan with flexible underwriting and collateral requirements.

Are you a foreign-investor looking to capitalize on the trajectory of the U.S. housing market? Or are you simply searching for that perfect second destination home? Then you might just be in luck.

While traditional lenders may give you the runaround, We can help guide you on real solutions, getting you to the closing table faster. Some benefits to both programs include:

Sizeable Loan Limit Thresholds

Flexibility with Acceptable Collateral Types

Tempered Eligibility and Qualification Criteria

Reverse Mortgage Programs

Every borrower has unique needs which is why we don't just offer one or two mortgage loan programs. We offer a variety of options to meet the needs of all borrowers.

Reverse mortgage loans can benefit a lot of individuals. For instance, if you are over the age of 62, you should explore reverse mortgage solutions which may not even require you to pay off an existing mortgage loan.

Another advantage of reverse mortgages is that they may be a great tool to help supplement retirement income. In addition, here are some benefits borrowers have found:

Access Available Equity

Provide Supplementary Income

Additional Stability During Periods of Volatility

Whether you are looking to make that new purchase or simply want to take advantage of the current mortgage interest rate environment, whatever your goals may be, we will be here to assist you, setting you up for success in this new century.

Apply to get pre-approved for a home purchase or a home refinance mortgage today!

Why Working with a Mortgage Broker Can Save You Time, Money, and Hassle

Are you in the market for a mortgage? Navigating the complex world of home loans can be overwhelming and time-consuming. That's where a mortgage broker can save the day. Working with a mortgage broker can be the key to unlocking a smoother and more cost-effective home buying experience.

A mortgage broker acts as a middleman between you and the lenders, helping you find the best loan options tailored to your specific financial goals and circumstances. They have access to a wide network of lenders, which means they can shop around on your behalf to find the most competitive rates and terms available. This can potentially save you a significant amount of money over the life of your loan.

Not only do mortgage brokers save you money, but they also save you time. Instead of dealing with multiple banks and lenders, a broker can handle the legwork for you, streamlining the application and approval process. This allows you to focus on other aspects of your home buying journey without the hassle of researching and negotiating with lenders.

So, why not take advantage of the expertise and resources of a mortgage broker? It's a decision that can save you time, money, and a whole lot of hassle in the long run.

What is a mortgage broker?

Mortgage brokers are licensed professionals who specialize in mortgage financing. They have in-depth knowledge of the mortgage industry and can guide you through the entire process, from application to closing. Unlike loan officers who work for a specific lender, mortgage brokers work independently and have your best interests in mind.

A mortgage broker will start by assessing your financial situation and goals. They will gather all the necessary documentation, such as your income and credit history, to determine your eligibility for different loan programs. Based on this information, they will provide you with a range of loan options that meet your needs.

Benefits of working with a mortgage broker

How a mortgage broker can save you time

A mortgage broker will do all the heavy lifting when it comes to paperwork and documentation. They will help you gather all the necessary information, such as pay stubs, tax returns, and bank statements, to complete your loan application. They will also communicate with the lenders on your behalf, ensuring a smooth and efficient process.

In addition, mortgage brokers have extensive knowledge of the mortgage market. They stay up-to-date on the latest loan programs and interest rates, so they can quickly identify the best options for you. Instead of spending hours researching different lenders and loan products, a mortgage broker can provide you with a shortlist of the most suitable options, saving you valuable time and effort.

How a mortgage broker can save you money

One of the biggest advantages of working with a mortgage broker is the potential for cost savings. Mortgage brokers have access to a wide network of lenders, including banks, credit unions, and private lenders. This means they can shop around on your behalf to find the most competitive rates and terms available.

When you work directly with a single lender, you are limited to their loan products and rates. This can result in missed opportunities to secure a better deal. Mortgage brokers, on the other hand, have access to a variety of lenders and loan programs, giving you access to a wider range of options.

By comparing multiple loan offers, a mortgage broker can help you find the loan with the lowest interest rate and fees. Even a small difference in interest rate can make a significant impact on your monthly mortgage payments and the total cost of your loan over time. By securing a more favorable loan, you can potentially save thousands of dollars over the life of your mortgage.

How a mortgage broker can save you from hassle

Navigating the mortgage process can be a daunting task, especially for first-time homebuyers. There are numerous steps involved, from gathering documentation to negotiating with lenders. This can be overwhelming and stressful, especially if you're not familiar with the process.

A mortgage broker can alleviate much of the hassle and stress associated with getting a mortgage. They will guide you through each step of the process, ensuring that you understand your options and make informed decisions. They will explain the terms and conditions of different loan programs, so you can choose the one that best suits your needs.

In addition, mortgage brokers have strong relationships with lenders. They know what lenders are looking for in a borrower and can help you present a strong loan application. This increases your chances of getting approved for a loan and can save you from the frustration of being denied by multiple lenders.

Qualities to look for in a mortgage broker

When choosing a mortgage broker, it's important to find someone who is experienced, knowledgeable, and trustworthy. Here are some qualities to look for:

1. Experience: Look for a broker who has a proven track record of successfully helping clients secure mortgages. Experience is key when it comes to navigating the complex mortgage market.

2. Knowledge: A good mortgage broker should have in-depth knowledge of the mortgage industry and the loan programs available. They should be able to explain complex concepts in simple terms and provide you with personalized advice.

3. Trustworthiness: Your mortgage broker will have access to sensitive financial information, so it's important to choose someone you can trust. Look for a broker who is transparent, honest, and puts your best interests first.

Questions to ask a mortgage broker before working with them

Before you commit to working with a mortgage broker, it's important to ask them the right questions to ensure they are the right fit for you. Here are some important questions to consider:

1. How long have you been in the mortgage industry?

2. What types of loan programs do you specialize in?

3. Do you have any references or testimonials from past clients?

4. How do you get compensated for your services?

5. How will you communicate with me throughout the mortgage process?

6. Can you provide me with an estimate of closing costs and other fees?

7. What is your success rate in securing mortgages for clients?

The mortgage broker process - from application to closing

Working with a mortgage broker involves several steps, from the initial application to the closing of your loan. Here is an overview of the mortgage broker process:

1. Initial consultation: You will meet with the mortgage broker to discuss your financial goals and provide them with the necessary documentation.

2. Loan application: The broker will submit your loan application to multiple lenders on your behalf.

3. Rate and term comparison: The broker will present you with multiple loan offers, allowing you to compare interest rates, fees, and terms.

4. Loan selection: You will choose the loan option that best suits your needs, with the guidance of the mortgage broker.

5. Loan processing: The broker will work with the lender to process your loan application, including verifying your employment and income, ordering an appraisal, and conducting a title search.

6. Underwriting: The lender will review your loan application and supporting documents to determine if you meet their requirements.

7. Loan approval: If your loan is approved, the broker will coordinate with the lender to finalize the loan terms and prepare for closing.

8. Closing: You will sign the necessary documents to complete the mortgage transaction. The broker will ensure that all parties are prepared and facilitate the closing process.

Common misconceptions about mortgage brokers

There are several misconceptions about mortgage brokers that can prevent people from considering their services. Here are a few common misconceptions debunked:

1. Mortgage brokers are more expensive than banks: Mortgage brokers are compensated by the lenders, not the borrowers. Their fees are typically paid by the lender, so there is no additional cost to the borrower.

2. Mortgage brokers only work with people with bad credit: Mortgage brokers work with borrowers of all credit profiles. They have access to a variety of loan programs, including those for borrowers with excellent credit.

3. Mortgage brokers only offer the products of certain lenders: Mortgage brokers have access to a wide network of lenders, including banks, credit unions, and private lenders. They can offer a range of loan products from different lenders.

Conclusion

Working with a mortgage broker can save you time, money, and a whole lot of hassle. They have the expertise and resources to navigate the complex mortgage market on your behalf, ensuring that you find the best loan options for your financial goals and circumstances. By shopping around for the most competitive rates and terms, a mortgage broker can potentially save you thousands of dollars over the life of your loan. So, why not take advantage of the benefits of working with a mortgage broker and enjoy a smoother, more cost-effective home buying experience?

How a mortgage broker can save you time

How a mortgage broker can save you money

One of the biggest advantages of working with a mortgage broker is the time they can save you. Instead of spending hours researching different lenders and loan options, a broker can do the heavy lifting for you. They have access to a vast network of lenders and can quickly narrow down the options based on your specific needs and preferences.

Once you provide the necessary documents and information, the broker will handle the paperwork and submit your application to multiple lenders simultaneously. This not only saves you time but also increases your chances of getting approved for a loan. With their expertise, brokers know which lenders are more likely to approve your application and can guide you through the process efficiently.

Furthermore, mortgage brokers are well-versed in the ever-changing mortgage market. They stay updated on the latest loan programs, interest rates, and lending requirements, saving you the trouble of constantly monitoring the market yourself. By leveraging their knowledge and experience, brokers can help you navigate the process much faster than if you were to go it alone.

How a mortgage broker can save you from hassle

Saving money is a top priority for most homebuyers, and a mortgage broker can help you achieve that goal. Brokers have access to a wide range of lenders, including those that may not be accessible to the general public. This means they can secure loan options with more favorable terms and lower interest rates than you might be able to find on your own.

By shopping around on your behalf, brokers can compare multiple loan offers from different lenders and present you with the best options available. They can negotiate on your behalf to ensure you get the most competitive rates and terms. This can potentially save you thousands of dollars over the life of your loan, making the broker's fee well worth the investment.

Additionally, brokers can help you avoid costly mistakes that could impact your mortgage eligibility or result in higher interest rates. They thoroughly analyze your financial situation and guide you on the best course of action to improve your credit score or debt-to-income ratio, which can lead to better loan terms. Their expertise and attention to detail can help you make financially sound decisions throughout the mortgage process.

Qualities to look for in a mortgage broker

Buying a home is a significant financial decision, and it can be a stressful and overwhelming process. The last thing you want is to add more hassle to an already complicated endeavor. This is where a mortgage broker can be a lifesaver.

Brokers understand the intricacies of the mortgage process and can guide you through each step, ensuring you have a smooth and hassle-free experience. They handle all the paperwork, from gathering the necessary documents to submitting your application and supporting documents to the lenders. This saves you from the tedious task of organizing and managing paperwork yourself.

Furthermore, brokers act as a buffer between you and the lenders. They communicate and negotiate with the lenders on your behalf, sparing you from potentially difficult conversations or confusing negotiations. Brokers have the knowledge and experience to navigate any roadblocks that may arise, ensuring a seamless process from application to closing.

Questions to ask a mortgage broker before working with them

When choosing a mortgage broker, it's essential to find someone who is trustworthy, knowledgeable, and experienced. Here are some qualities to look for:

1. Reputation: Look for brokers with a good reputation in the industry. Read reviews, ask for recommendations, and check their credentials and affiliations.

2. Experience: Find a broker with significant experience in the mortgage industry. A seasoned broker will have a deeper understanding of the market and be better equipped to handle complex situations.

3. Communication: Effective communication is crucial when working with a mortgage broker. They should be responsive, transparent, and able to explain complex concepts in a way that you understand.

4. Network: A broker's network of lenders is a valuable asset. Make sure they have access to a wide range of lenders to ensure you have the best loan options available.

5. Fees: Understand the broker's fee structure upfront and ensure it aligns with your budget and financial goals. Remember, the savings and benefits they provide often outweigh the cost.

The mortgage broker process - from application to closing

Before committing to a mortgage broker, it's important to ask the right questions to ensure they are the right fit for your needs. Here are some questions to consider:

1. How long have you been in the mortgage industry, and how many clients have you assisted?

2. What types of loans do you specialize in?

3. What lenders do you work with, and how many options will you present to me?

4. What is your fee structure, and when will I be expected to pay?

5. What is the estimated timeline for the mortgage process, from application to closing?

6. How will you communicate with me throughout the process, and how often can I expect updates?

7. Are there any potential roadblocks or challenges you anticipate based on my financial situation?

Asking these questions will help you gauge the broker's expertise, communication style, and ability to meet your specific needs.

Common misconceptions about mortgage brokers

Working with a mortgage broker involves several steps, from the initial application to the final closing. Here is a general overview of the process:

1. Initial consultation: You will meet with the broker to discuss your financial goals, home buying plans, and provide the necessary documentation.

2. Loan analysis: The broker will analyze your financial situation, credit score, and debt-to-income ratio to determine the loan options available to you.

3. Loan selection: Based on your financial profile, the broker will present you with several loan options from different lenders, outlining the rates, terms, and requirements of each.

4. Application submission: Once you select a loan, the broker will submit your application and supporting documents to the chosen lender(s).

5. Underwriting and approval: The lender will review your application, conduct an appraisal, and verify your financial information. The broker will liaise with the lender to address any additional documentation or requirements.

6. Loan closing: After the loan is approved, the closing process begins. The broker will work with the lender, title company, and other relevant parties to ensure a seamless closing experience.

Throughout the process, the broker will keep you informed and guide you on any necessary steps or actions you need to take.

Conclusion

There are several misconceptions surrounding mortgage brokers that can deter homebuyers from seeking their assistance. Let's address some of these misconceptions:

1. Brokers are more expensive: While brokers charge a fee for their services, the savings they can provide often outweigh the cost. Their ability to shop around for the best loan options can save you money in the long run.

2. Brokers only work with a few lenders: Mortgage brokers have access to a wide network of lenders, including those that may not be accessible to the general public. This allows them to present you with a range of loan options tailored to your needs.

3. Brokers add unnecessary complexity: On the contrary, brokers simplify the mortgage process by handling the paperwork, negotiating with lenders, and guiding you through each step. They act as your advocate, saving you from the hassle of dealing with multiple lenders yourself.

4. Brokers are unnecessary if you have good credit: Even if you have good credit, a mortgage broker can still provide valuable assistance. They can help you navigate the complex mortgage market, secure more favorable loan terms, and streamline the application process.