Access Lending Solutions Mortgage Broker
in Mortgage Brokers from Access Lending Solutions IncUnaffiliated
Access Lending Solutions Mortgage BrokerUnaffiliated
in Mortgage Brokers from Access Lending Solutions Inc
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Access Lending Solutions Mortgage Broker Review
Where does Access Lending Solutions Mortgage Broker do business?
Access Lending Solutions Mortgage Broker is a licensed mortgage broker (NMLS# 245688) with headquarters in Placentia, CA. It operates in 1 state.
The company was founded in 2007 and helps borrowers find a direct lender that will approve the loan amounts, rates, and terms they require.
How does Access Lending Solutions Inc get paid?
Mortgage brokers get paid either by lenders or by borrowers. However, they cannot receive compensation from both parties.
Access Lending Solutions Inc offers lender and borrower-paid fee models. Borrowers can choose which model works best for their circumstances. Typically, lender-paid compensation rates result in higher fees for borrowers. However, borrower-paid rates increase the upfront costs of getting a mortgage.
What fees does Access Lending Solutions Inc charge?
Although cost should not be the only factor when choosing mortgage brokers, it is smart to compare the rates, fees, and services mortgage brokers offer before making a decision.
Does Access Lending Solutions Mortgage Broker charge broker administration fees?
No, Access Lending Solutions Inc does not charge a broker administration fee.
Does Access Lending Solutions Inc charge broker loan origination fees?
No, Access Lending Solutions Inc does not charge a broker loan origination fees.
Does Access Lending Solutions Mortgage Broker charge broker upfront fees?
No, Access Lending Solutions Inc does not charge broker upfront fees.
Does Access Lending Solutions Inc charge a yield-spread premium?
No, Access Lending Solutions Inc does not receive a yield spread premium from borrowers. Brokers that are paid a yield-spread premium from lenders have an incentive to steer borrowers to lenders thatt offer higher yield-spread premiums even if they qualify for a lower interest with another lender. This is not always bad for borrowers as it can lower the upfront costs of a mortgage. For instance, borrowers who only plan to hold a mortgage for a few years may find this option cheaper.
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What mortgage programs does Access Lending Solutions Mortgage Broker offer?
Access Lending Solutions Mortgage Broker offers the following mortgage programs:
- Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
- FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
- HARP: A mortgage refinance program for home loans owned or backed by Fannie Mae or Freddie Mac. No minimum credit score or value appraisal required.
- USDA: A zero down payment mortgage loan with low rates for suburban and rural homebuyers.
- VA: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses.
What types of mortgage does Access Lending Solutions Inc broker?Access Lending Solutions Inc works with the following types of mortgages:
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