A mortgage is the transfer of an interest in property  to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower.

Residential Lending: It’s not just a job…it’s a responsibility.

This is one of the biggest financial decisions you will make in your lifetime. Why trust this decision to a friend or relative or even worse…someone on the internet? You should have a good working relationship with your lender. Don’t be afraid to ask for references and testimonials.

As a seasoned loan officer with over 10 years of experience, I continually close loans that were started by another lender who ultimately could not close the loan or just didn’t pay attention to their client. One of the most dangerous things a home buyer can do is to choose a lender based on the promise of a rate. I have seen rates change as much as 4 times in one day. The unethical lender will promise a low rate to get your business…knowing that he or she doesn’t have to keep the promise of that rate in an ever changing market.

My advise…Work with someone you trust and they will take care of you. You will not have any surprises at the closing table, you will close on time, and you will get a good rate.

MY MOTTO: I don’t focus on meeting your expectations…I focus on exceeding them!

Cory Miller Sr. Loan Officer

HomeTeam Equity