My New Blog

Rates Drop - Equity Way Up

March 8th, 2019 1:54 PM by Jim Merrill

Mortgage Banks and Mortgage Brokers are required to be audited by the AZDFI every 3-5 years. Axel Mortgage just went through our 4th Audit since opening our doors in 2001. Once again the audit came back squeaky clean. When you do business the right way by putting the client first, good things happen when the regulators show up.

Interest rates have dropped and refinances are back in full swing. The massive accumulation of home equity, coupled with the best rates we have seen in a year has opened up the door for cash out refinances, ARM Conversions and FHA conversions. 95% of my refinance loans are being approved with no appraisal needed, meaning we can literally close the loan is as little as 10 days from start to finish with little or no cost. Please give me a call if you would like to discuss options you may have to free up equity.

Axel Mortgage's average underwriting turn time is still under 2 weeks. This is on both purchase and refinance loans. Our primary lender has recognized Axel Mortgage as a top 1% originator in the country for turn times and processing efficiency. We get the job done FAST and FAR cheaper than any "rocket" company. Compare this to the 45-day average turn times of any major bank and you will see our process and systems are unbeatable.

If there is anything I can do for you or anyone you know I look forward to help. As always, my family and I thank you for the continued support and referrals.

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Posted by Jim Merrill on March 8th, 2019 1:54 PM

My New Blog

Rates Drop - Equity Way Up

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