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Click Here To Receive Emailed Rates Every Day
Garden City Mortgage is committed to helping you find the right mortgage for your needs. We understand that every borrower is different and therefore we offer a variety of products to meet your individual needs. We make the process of securing a mortgage simple and straightforward by using the latest in Internet technology that enables you to make sound financial choices. We can get you approved quickly. We have been in the mortgage industry for a long time and have the answers to all your questions. Our loan officers have extensive backgrounds in real estate financing and industry wide contacts.
Do you want to refinance your current mortgage and do it while the rates are still low? We can set you up in our system, get you approved and when the time is right, you can simply call and tell us to lock in your rate.
We can "Pre-Approve" you ahead of time, before you even meet any realtors or sellers. You will have the power of a "cash buyer" and can show it by providing our "Pre-Approval Letter" to the realtors and the sellers. They'll know just how much you can afford, and if they have any questions, they can call us.
You have earned the equity built up in your home. Use the calculators on this website to see how much you can borrow according to what you want to pay. You can use the cash from your home equity for practically anything you want. College, vacations, home improvements, anything.
We know that you want a quick and simple application process. We understand and deliver the simplest and fastest service available.
Mortgage Broker vs. Bank
When you are trying to obtain a mortgage, you may work with a bank, or choose to work with a mortgage broker. People often confuse the two jobs. It is important to understand the differences between the two so you know what to expect from each during the mortgage application process. To begin with, you should think of a mortgage broker as a "Wholesaler" and a bank as a "Retailer". When purchasing consumer goods, most people know the difference between purchasing something "wholesale" vs "retail". Wholesale is usually "less expensive". Because mortgage brokers don't have the overhead and expenses of large banks, we can obtain your financing for less and pass the savings on to you in the form of lower rates and fees. Mortgage brokers have the ability to "Shop" your loan to a multitude of lenders with just one application and one credit report. We make them compete for your business. We can usually get a lower rate from the same bank that you may apply to directly. The same bank! This is because due to their high overhead and expenses, it is not worth their effort to obtain your loan at the lower rate. When you go directly to a bank, you will only get "their lowest rate" that day, not the lowest rate available elsewhere, so your choices are limited with a bank and the rates and fees may be higher, once again, due to their high overhead and expenses.
A mortgage broker will analyze your financial profile to determine which lender has the best rate for your needs. We will submit your mortgage application to one or more lenders and work with the lender until your loan closes. We will also deal directly with any problems that develop during the process. A professional mortgage broker will solve a problem before you even know it exists. This removes a large amount of stress from you during the process.
Make no mistake, there is a lot involved in the mortgage process. You wouldn't be on our website if you could simply fill out a one page application and get the best rate available all in one afternoon. We do all the searching for you, so you can concentrate on what is important, preparing to move your family into a new home, saving money and planning for the future.
Step One: Determine how much you can afford. This is a function of a couple of things. How much of a monthly payment are you comfortable with? Given your unique credit profile regarding your employment history, income, assets and debts, we can determine how much a lender will loan to you. Initially, you can get a rough idea by using the calculators here on our website. We will also explain to you the advantages and disadvantages of various loan types; fixed rate, adjustable rate and interest only.
Step Two: Apply now. It couldn't be easier, and you can do it on line right here, right now at our website. Please call if you have any other questions.
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