Local firms have the knowledge, expertise, and contacts to get things done more efficiently. Home town banks may not offer a full range of loan programs for resort and beach property. They also may be unfamiliar with local real estate customs, property values, or insurance requirements. They may send appraisers who don't know the local market. Just as you work with a local realtor who specializes in a particular area, so should you work with a local mortgage professional.

A: There are many different loan programs with a variety of requirements. Remember that you will also need funds for closing costs and escrows. Based on your unique situation, a mortgage professional can help you choose a loan program that meets your budget.

A: A direct funding lender like National City Mortgage offers you more options than a mortgage broker, with several advantages. We have the national presence to offer you a wide variety of loan programs combined with in-house loan processing and underwriting. Mortgage brokers originate loans but processing and underwriting are done elsewhere by the lender. Once a loan made through a broker is closed, it will be serviced and possibly sold multiple times by a variety of lenders. National City Mortgage, a direct funding lender, retains servicing for over 75% of the loans originated, meaning your relationship is likely to continue even after closing. If your situation requires it, National City can also broker your loan.

A: When you work with me, you will:

You deserve a cost-effective solution tailored to you:

• If you are a first time homebuyer, I will take the time to explain all aspects of the mortgage process and guide you to home ownership. I can help you find special programs to assist with down payments and closing costs, including financing up to 103% for qualified buyers.
• If you are an experienced homeowner, I can show you new programs to maximize your cash flow, help you manage your debt more effectively, and take advantage of appreciated valuations.
• If your situation is out of the ordinary, I can design flexible solutions to meet your needs. National City offers many alternative qualification programs including stated income, reduced or no documentation, no ratio, and interest only loans. We will do our best to find a loan that works for you.

I have particular expertise with refinancing and purchasing second homes, especially coastal property, which often has unique requirements unlike standard residential homes. I also work extensively with self-employed borrowers and small business owners.

Sincerely,