Joel Morejon

Do you specialize in commercial or residential lending?

I gear more towards residential lending;however the ongoing changes in the market have given me the opportunity to venture more into the commercial aspect of the Lending Industry.

Describe your typical client.

My clientele base ranges from Out of State Investors and first time home buyers to individuals who have learned of a new program and are looking to refinance.

What types of loans do you typically recommend for first time homeowners?

Fortunately there are many options for first time home buyers. FHA and Community Loans have proved to be extremely successful. Nonetheless, first time home buyers are not only limited to government based loans. There are a wide range of programs tailored for first time home buyers for whom income may not be verifiable.

How do you determine what type of loan to recommend to a client?

The key to determine the type of loan to recommend to a client is to be fully aware of the client's agenda with the property as well as their individual financial situation. The more familiar you are with each case the better equipped you will be to meet a client's goals and maximize their monetary growth.

What are the most important criteria when selecting a mortgage broker?

Purchasing a home is a big investment and as such, clients should take every possible measure to ensure a successful and hassle free closing. There are many things to consider when shopping around for a Broker such as:

• 1. Broker's commitment and experience. Is your Broker a full time or part time Broker? How long have they been licensed? How many loans have they done?
• 2. The source recommending your Broker.
• 3. A broker who is confident and comfortable to let the client know of all possible fees.
• 4. A broker who keeps their client informed as well as educated on their options and loan process.

What can someone shopping for a loan do to save the most money?

Ultimately there are two major things someone shopping for a loan can do to save the most money.

• 1. Selecting the proper Mortgage Broker.
• 2. Having the best possible credit score.

What are some common mistakes people make when either shopping for a loan or hiring a mortgage broker?

A common mistake that most people make when shopping for a loan is their Broker selection process. Interview a few brokers and talk about the options they may offer for your specific scenario. A good broker will educate you on the loan process and provide you with resources for additional information. Most importantly check references!

Please list all of the states / regions in which you operate.

I am equipped to close loans in all 50 States.

Best Mortgage Advice...

Do your RESEARCH! Educate your self with the basic loan programs available. Find ways to better your credit score. Ask around for recommended Brokers.

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