Liberty
Financial has been providing clients with real estate financing
and advice since 1980. The original owner
and founder still works closely with clients making sure they
receive top notch service and the best loan programs available.
Our
staff has extensive knowledge of both the real estate and mortgage
industries. We take the time to understand your needs and goals
and tailor a mortgage that will satisfy your requirements. Our
highly trained loan specialists are always available to answer
any questions you may have and are happy to assist you before,
during and after your transaction.
What separates us from other mortgage companies who also offer "competitive rates and great service" is our commitment to make your home financing experience as trouble-free as possible. To demonstrate this commitment to you, we provide the following:
1. Written guarantee of loan closing costs
2. Status calls through every step of the loan process
3. Complimentary notary service and doc signing at your convenience
Our
complete focus is on your needs and we take pride in educating
you so that you will feel well-informed and comfortable with
your loan choices. Our goal is to be your lender for life. Others
just lend money…we lend ourselves.
Call
us Toll-Free (in California) (888) 805-6267 or Direct (949)
388-8880
Feel free to email us at info@libertyfinancial.com.
Why
use a mortgage broker?
Why
not use a bank or a direct lender when looking for a mortgage?
If shopping for a loan was cut and dried, it wouldn't matter
whether you dealt with a broker or a lender. With so many loan
programs and requirements, the loan provider can make all the
difference. Since most people's homes are their largest investment,
making a well thought out loan decision is critical.
The
main difference between a broker and a lender is that a broker
is able to offer loan programs from a myriad of different sources.
This means that a broker is better able to find a loan program
for a borrower with specialized needs. For example, many direct
lenders don't offer loan programs to borrowers with low credit
scores, borrowers who cannot prove their income, borrowers who
don't have a down payment, borrowers looking to purchase a property
for investment, borrowers who have a high amount of existing
debt and borrowers who live abroad. And the list continues.
There
are lenders for all of the scenarios listed above, and brokers
usually know who they are or can find them when they are needed.
A direct lender or a bank can only sell you the products that
they have. If they don't have the product that may best serve
your needs, it is unlikely that you will even hear about it.
Borrowers wouldn't be educated about the wide array of products
available or advised about the benefits and pitfalls of each
product. The borrower would save a lot of time and effort by
using a reputable broker rather than going from lender to lender
trying to figure out what will work best for his or her particular
situation.
The
borrower who falls into the generic market niches that most
lenders offer can go to any lender, but their decision should
be based on whether they want to spend the time to shop the
market themselves or if they would rather have a broker shop
the market for them. Many banks lead consumers to believe that
using the services of a broker will cost the borrower more money.
This is simply not true. Brokers work through the wholesale
channels of banks and direct lenders. Since the brokers do the
soliciting, counseling and processing for each loan, the lender's
work is reduced to a couple of hours. Because of this huge savings,
the lender offers the brokers a discounted rate. That is why
brokers can compete with the banks even on borrowers who are
financially solid.
If
the borrower decides to shop the market on their own, they need
to be aware of the many pitfalls that can trap the inexperienced
borrower in this market. Here are a few:
- Loan
rates can differ from day to day, so you can't compare a
quote from one lender on Monday with a quote from another
lender on Wednesday. Some lenders quote rates on a 15 day
lock. If your escrow is 45 days, then a 15 day lock doesn't
help you.
- Rates
depend on many different factors such as type of loan, loan
features, property type and value, loan purpose and much
more. Unless you disclose all of these factors the lender
may be quoting you a rate that is really not applicable
to your specific situation. Often the person quoting the
rate has no idea whether or not you will qualify for the
product he or she is quoting. The consumer discovers this
problem much later when the loan has been viewed by an underwriter.
Finding out that you have a problem late in the mortgage
process could cost you the home of your dreams.
- Rates
are not guaranteed until they are locked but some lenders
will offer lower rates to get you in the door and then tell
you that you were not locked in and the rates have changed.
Unless you know how to avoid phony price quotes you may
get burned. If you don't feel up to the challenge and would
prefer an expert to shop for you, call a reputable broker.
- Most
lenders will want to run your credit before giving you a
quote in writing. It is really difficult to quote a rate
without knowing the caliber of your credit. Multiple credit
inquiries can negatively impact your score, which can make
a huge difference if your credit is already marginal. Most
times a broker can run just one credit report and shop around
to many different lenders with that one report.
- If
the bank is unable to grant your loan for any reason, you
have to go find another lender and start the process all
over. This is not true with a broker. Since the appraisal
and credit package are owned by the broker, the broker can
simply submit your loan to a new lender. This only takes
one day and timing can be critical when you are in the process
of buying a home.
Brokers
are experts at shopping the market and are well-positioned to
shop and find the best loan for the borrower's needs. Since
successful brokers generally build their business through repeat
and referral business, doing a good job for the client serves
the broker, too. Brokers are not employees of the lender, so
what is in your best interest is often in the broker's best
interest.
Testimonials
"When
we decided to seek PERS funding, I called four institutions
which advertised these loans. You returned my call the same
morning. Two others never returned my calls and one responded
more than a month later." ~Kimberly
Stats - Hemet, CA
"Thank
you all so very much for all the extra effort you have put into
the purchase of our new home. It is rare to find someone like
you who cares and takes extra steps to help people beyond what
is required. Thank you again, you are greatly appreciated!"
~Cindy Collins
& Wes Morgan - Fullerton, CA
"Your
attention to all the 'details' proves why your team is so successful."
~Mike, Maggie,
Christine & Whitney Baumann - Laguna Niguel, CA
"Thank
you all for the work you did to get us into our new home on
time. After hearing the many problems other people have had
getting a home loan, I know we had the best people working for
us. You have a client for life."
~Wayne R. Hill - Escondido, CA
"We
could not have done this without you."
~The Meyer Family - Palm Desert, CA
"Thanks
for guiding me and holding my hand once again. As usual, I feel
so confident working with you. You are my financial guardian
angel!"
~Doug Dafoe - Santa Barbara, CA
"I
appreciate your willingness to pursue the questions which arose
as well as correcting the timing errors of our escrow people."
~Joe & Christine
- Woodland, CA
"We
appreciate your professional and savvy methods and results."
~Don & Jenny
Lawler - Lake Forest, CA
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What
Realtors Say About Liberty Financial
"Your
overall knowledge of the loan market and processing, coupled
with your vast real estate experience, give you definite advantage
over the typical loan person."
~Sue Hill, Realtor - Coldwell Banker
"I
appreciate the straightforward and honest approach I have come
to expect from your company... it's a rarity in the lending
field."
~Sandy Munoz, Realtor - ERA Rafferty & Lloyd
"You
have demonstrated sincerity, integrity beyond reproach, and
a tremendous amount of knowledge of how to get the job done."
~Kathy Ladd,
Realtor - The Real Estate Corner
"Your
people present the options, answer questions and deal with any
problems in a manner which is both timely and professional."
~Dick McKasson,
Broker/Owner - Pacifica Realty
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