Think you have a "Personal Banking Relationship??"

The media is projecting that due to market conditions and changes in the mortgage industry, buyers can't get loans. This is not an accurate assessment of what is happening.

It is true that credit guidelines have tightened, but good borrowers... people who should get loans are getting loans with very favorable terms. Because the guidelines have tightened it becomes important for those applying for credit to have an advocate to Sheppard the loan through processing and underwriting to insure a smooth transaction and successful close.

Over the last 30 days, I have been involved in several transactions where the borrower was very strong. In fact in one case I was told by the borrower that they had a "personal banking relationship" with Bank of America. This borrower had been strung out and paperwork requested to death only to find out the day before the scheduled closing that "Due to Market Conditions" Bank of America was unable to make the loan. I immediately requested that the borrower complete a package with Arrowhead Home Loans, our affiliated mortgage brokerage and I personally walked the deal through the process to close the loan and transaction only two weeks late. Yesterday I had a repeat only it was Wells Fargo. I offered to provide the same service and walk the deal through, but the borrower was so fed up with what he had been through that he just blew the deal out.

Bottom line... in today's climate, banks aren't getting it done. When someone applies for a loan with a bank, basically they are getting either an 800 number with someone who really doesn't know what they are doing, or a clerk again who has very little experience. What is needed is a professional... an advocate who will take the necessary steps and package the loan accordingly to insure a successful end result. It is almost as banks haven't told their employees yet that they aren't going to make loans, because the employees are making promises and not delivering on them. No matter what kind of relationship someone has with a bank or perceive they have with their bank it is never going to be as close as the banks relationship with their REGULATORS.

Arrowhead Home Loans, Inc. a mortgage brokerage firm operates as an advocate for its clients. If and when challenges arise in the transaction, our talented loan consultants are there to provide expertise to resolve those challenges. Arrowhead Home Loans, Inc; also provides some of the most competitive rates found in the marketplace. Our past clients come back time and time again and send individuals from their sphere because they realize the value of dealing with professionals who do what they say they are going to do.

If you are applying for a loan, think twice before you go to your current "banking relationship". In this market, they are probably not going to deliver, regardless of how strong you are.

If you are in the middle of a transaction, and it isn't going the way it should, call us, we can get involved and secure the financing for you with the least amount of hassle.

The days where just any loan guy will do are gone....Borrowers need someone who knows what they are doing.