210 N Elizabeth Ave

This charming 1.5-story brick cottage offers more than 1700 sq ft of space. It features two bedrooms on the main level and a third bedroom, sitting room, and full bath on the second floor. The main floor includes a spacious living room with a bay window and a gas ventless fireplace, a separate dining area, and an updated kitchen with a full pantry. Additionally, there's a family room or office on the main level. The lower level contains a recreation room, and outside, a beautiful deck overlooks a large, level yard. This home truly has something for everyone. Contract deadline 8pm Sunday 5/19/24 With acceptance time of 8 pm Monday 5/20/24 However seller reserves the right to accept an offer at any time.

Lendingpad Training

Cashout Refinance Information

A cashout can add much needed financial relief. Let's talk about if it's right for you. Call me at 314.250.0212

DSCR – What is it and what do I need?

A Debt Service Ratio Loan, or DSCR, very simply is a loan that uses the mortgage payment vs. rent payment to qualify instead of income. It is a portfolio product that is not traditionally underwritten. Watch the short video above for a quick breakdown on what to expect!

Brokers vs. Bankers

Welcome to our YouTube video entitled "Brokers vs. Bankers: Understanding the Difference in Mortgage Industry." In this video, we'll explore the key distinctions between mortgage brokers and mortgage bankers. By the end, you'll have a better understanding of their roles, advantages, and considerations, helping you make informed decisions when seeking a mortgage. Segment 1: Mortgage Brokers Definition: A mortgage broker is an intermediary between borrowers and multiple lenders. Role: Brokers work on behalf of the borrower, searching the market for the best mortgage rates and terms. Network: They have access to a variety of lenders, including banks, credit unions, and private lenders. Product Range: Brokers can offer a wide range of mortgage products, including those not available to the general public. Customization: Brokers can tailor mortgage solutions to individual needs, comparing options from various lenders to find the best fit. Expertise: They are knowledgeable about different mortgage options and can guide borrowers through the application and approval process. Segment 2: Mortgage Bankers Definition: Mortgage bankers are employees of specific banks or lending institutions. Role: They work directly for the lender, handling loan processing, underwriting, and loan servicing. Product Range: Mortgage bankers typically offer mortgage products available from their own institution. Convenience: Working with a mortgage banker can provide the convenience of having all your banking needs in one place. Efficiency: Bankers work for the lending institution, they have direct access to the decision-making process; however this does not mean they are necessarily more efficient. Advantage: Sometimes, Banks can have access to specific community/state programs Brokers do not. Segment 3: Choosing the Right Option Consider your needs: Determine whether you prioritize having access to multiple lenders (broker) or prefer the convenience of a single institution (banker). Comparison shopping: Brokers allow you to compare rates and terms from different lenders, while bankers may provide exclusive products or discounts. Special circumstances: If you have unique financial situations or credit challenges, brokers may be more adept at finding suitable options. Transparency: Ensure you understand how brokers and bankers are compensated, as their fee structures may differ. Conclusion: Both mortgage brokers and mortgage bankers play important roles in the mortgage industry, but they have distinct differences. Brokers provide access to multiple lenders and offer a wide range of products, prioritizing the borrower's best interests. On the other hand, mortgage bankers work for specific institutions, offering convenience and potentially streamlined processes. Ultimately, understanding your needs and priorities will guide you in choosing the right option for your mortgage requirements. Remember to conduct thorough research, compare options, and seek professional advice when making decisions regarding mortgages. We hope this video has helped clarify the differences between mortgage brokers and mortgage bankers. Please reach out with any questions or if we can help in any way.