Choosing the right mortgage provider is a very important decision. Especially in a divorce situation. Due to additional complexities, you just cannot trust your mortgage solutions to an unlicensed bank employee or online call center. Here is why John Snell should be your go-to professional.
You will make the best, most informed decisions.
With more than 25 years of mortgage lending experience, John has helped over 2,000 clients purchase or refinance their homes. In addition, John was one of the first to achieve the Certified Divorce Lending Professional (CDLP) designation in 2014 and is one of only nine mortgage professionals currently holding this designation in the state of Texas. John has even written and taught continuing legal education courses to family law attorneys and other divorce professionals. This combination of career experience and divorce lending expertise ensures you will receive the best advice regarding your mortgage financing and real estate decisions.
You will be educated and understand your options.
There are dozens of specific underwriting rules and guidelines that apply in divorce situations. Very few mortgage originators have a working knowledge of these guidelines. John does. Although there are certain common themes, every client comes with a unique set of circumstances. John will expertly analyze your personal situation and present you with the very best options for accomplishing your goals.
You will experience a coordinated, streamlined process.
In addition to his specific divorce lending expertise, John understands the divorce process from the attorney’s perspective. He speaks their language. He attends their conferences. He will work to synchronize your mortgage and divorce timelines for maximum efficiency and time savings. This is a huge benefit for John’s clients. If you would like a copy of John’s Concurrent Timelines chart, please send us an email request.
You will have lower costs and more loan options.
Did you know there are two different “channels” through which you can obtain a mortgage – retail and wholesale? Most people are unaware of the distinction. The retail channel includes your bank and the large mortgage banking companies. The wholesale channel is composed of mortgage brokers, which tend to be smaller, boutique operations.
John is a mortgage broker. In contrast to retail providers who typically only lend their single source of money, John has relationships with dozens of funding sources. He shops these wholesale lenders for his clients to get the most competitive rates and fees in the market. The combination of wholesale lenders competing for his business, plus the lower overhead costs of a smaller, more-nimble company, John saves his clients on average $2,860 off their overall loan costs. In addition, his clients also save the time they might otherwise spend shopping for mortgages themselves.
With multiple lending sources at his disposal, John also provides more loan program options for clients, not just the limited choices offered by the retail banks and large mortgage companies. These options include creative loan programs for unique situations, lower credit scores, with more flexible underwriting.
When it comes to purchasing goods and services (including your mortgage), wouldn’t you rather pay wholesale than retail? Working with John opens the world of wholesale mortgage options to you.
Contact John today for a complimentary, 20-minute, Divorce Mortgage Strategy Session.
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