FREQUENTLY ASKED QUESTIONS.
1) What is a Loan Officer?
A loan officer (in this case, Brandon Domondon) is a financing professional for your real estate who links you with the appropriate home equity transactions. Loan officers work closely with mortgage companies, banks, credit unions, etc. to provide you with a wide selection of mortgages and loan types.
2) What is the benefit of using a Loan Officer?
A loan officer will save you time and money. The internet is full of potential lenders claiming to offer the lowest rate as lenders try to get you in the door with rates they can never honor. These rates come with other things such as hidden fees and exorbitant expenses. Brandon Domondon’s mission is to serve you with integrity and honesty as a loan officer would. He can help you sort fact from fiction and find the best financing solution or loan program for you.
There are other benefits to working with loan officers. We typically are:
Knowledgeable. Our experience with the entire loan process, being partnered with more than 20 banks and our desire to learn about your current financial situation, as well as short- and long-term goals, allow us to match you with the best program from your specific needs.
Responsive. We do all the running around for you. We stay on top of the loan process and keep you informed each step of the way with our Tuesday Updates.
Highly Specialized. Loan officers only deal with mortgages, allowing us to be highly specialized in what we do.
3) How does a Loan Officer save me time?
You’ll certainly be able to find all detailed and crucial lending information on your browser, but do you really have the desire or the time to effectively evaluate it all and make the best choice? Save time and frustration by using a loan officer like Brandon Domondon at Reliant Lending to help you understand the process in a simpler form while meeting your financial needs.
Us loan officers operate in a heavily regulated industry. Brandon has education our requirements and we are governed by rules of conduct while having an insider’s understanding of mortgage products.
While working with us, we do most of the work leading up to your loan. You can count on us to:
Provide guidance on appropriate loan programs and find one or more lenders who offer the desired programs
Qualify you based on lender requirements
Take applications with you
Finalize your loan prices
Get properties appraised
Check credit scores
Verify employment and income
Provide legally required disclosures
Pull together the complete file of documents to be handed off for final verification and funding
Bottom line is that we save you time. There is no need for you to track rates daily or seek out the best program from several options. We always work closely with you to understand your current situation, your goals and then we match you with a program that best meets your needs.
4) What will I need to prepare for my application?
The documentation required is different by each individual, so please call us at 916-794-0777 for a sample checklist of the documentation you should have in order to prepare for your initial application with our Team Support Coordinator. However, to give you an idea, below is a list of the minimum documentation required from the borrower and any co-borrower:
Residence information for past two years
Two years of employment information
Current monthly income from all sources
Information for all financial accounts, such as checking, savings, stocks, bonds, etc.
Current living expenses
5) Is now a good time to refinance my home?
People refinance to lower their monthly mortgage payments, to consolidate excessive credit card debt, to remodel areas of the house, or to help pay for school tuition - so if you seem to fit any of these categories, you are always welcomed to give Brandon a call at (916) 893-3174 and he will be happy to answer your questions as well as help you come up with a game plan to get to whatever destination you want.