RIJU R. SAM
Real Estate Financing
Purchase Loan, Refinance
CA BRE: 01893153 NMLS: 1101409
C2 Financial Corporation 10509 Vista Sorrento Pkwy, #400, San Diego, CA 92121
(T) 818-275-1019 (E) email@example.com
Available 7 days a week
Any day, Any time. Call me at your convenience.
Easy and fast application process
We prepare the application for you (and not just forward you a link to complete the application yourself).
Lower Closing Costs
No Application Fees, No 3rd Party Processing Fees, No Employment Verification Fees, etc.
Mortgage Broker vs Retail Banks
A mortgage broker works with several lenders, so they can shop around for the best possible loan terms for you. Banks and direct lenders, however can only offer borrowers their own mortgage product, which may not always be the best option for you. With a mortgage broker, you will have access to more loan products to choose from and can switch lenders if your loan is denied by a lender. Thus, a mortgage broker can save you the time and hassle of contacting and applying with various lenders and can also offer you competitive rates.
Why choose Riju R. Sam?
As a mortgage loan originator, my objective is to find you a lender that is suitable for your particular financial situation. When you work with me, you are not just an account number. There is no call center to "press 1-2-3" to wait for the next available representative to know the status of your loan application. I am available at your convenience, 7 days a week, to discuss loan options, for rate quotes and to provide fast pre-approvals.
Most online rate advertisements are based on "best rate scenarios" - 25% down payment, 740+ Credit Scores, 50% Loan to Value, and other accelerated underwriting criteria's. In most cases, only a small percentage of applicants actually qualify for these advertised rates. Borrowers often do not realize that the closing cost charges are sometimes added to the loan balance amount. A rate that is quoted but not locked is of ZERO value as rates change daily and often multiple times a day. Most people spend hours shopping rates online, but do not understand that many online rate quote sites are lead generation sites, and your contact information will be forwarded to many call centers and lenders nationwide.
Compare Rate Quotes - Read the fine print - As the saying "All that glitters, is not Gold"
I self process* most loans. How does that help you?
Loan processors have turn times - 72 hours for new submissions, 48 hours for conditions review, 24 hours to upload documents, etc. When your interest rate is locked every day is important as rate extension is expensive (extensions may cost 0.25 – 0.50 percent of loan amount). Loan processors often work for many loan originators, handling hundreds of files, and there is a high possibility of missing deadlines, if they don't have a proper file review system. Also in many cases, borrower is charged 3rd party processing fees (other than lender underwriting fees). As I self process most loans for my clients, I am the single point of contact throughout the loan process – from application through processing and loan funding. Most importantly, after close of escrow, if you have any transaction related questions, I am still accessible.
* based on Lender Approval as some lenders mandate a loan Processor
Lock a Rate or Wait? - There is no way to predict how the rates will change!
Mortgage customers shop around to find the Lender that quotes the lowest interest rate. But if the interest rate is not locked, that rate quote is of no value. Interest rates change on a daily basis and often multiple times a day. In a mortgage transaction, it is recommended to lock rates immediately because if rate increases it changes your DTI ratios and could affect loan qualification. Additionally, some lenders require that the rates be locked before loan is submitted for underwriting. Rates are always changing, minute by minute, hour by hour, day by day. By locking you are guaranteed that interest rate at closing, thus you can take the guesswork out of the situation.
Get Loans from 100+ Banks, Direct Lenders, Credit Unions & Investors
As California’s largest wholesale mortgage broker, we can submit loans to the wholesale division of major banks, as well as smaller banks and investors that are in our network who offer unique loan programs and are competitively priced. We have access to virtually every loan program available in today’s mortgage market. C2 Financial is known for fast closings, competitive rates and great service. Since each loan and client requirements are different, we search over 100 different banks and investors to find a suitable choice. Thus, borrowers can save their time calling around different banks to compare rates.