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Last Updated: 04/18/2025

Wonder Rates Mortgage Broker

in Mortgage Brokers from Wonder Rates, Inc

Last Updated: 04/18/2025

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Interest Rate Types Offered

  • Fixed-Rate Mortgage
  • Adjustable-Rate Mortgage (ARM)

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Wonder Rates Mortgage Broker Review

Wonder Rates Mortgage Broker services are offered by Wonder Rates, Inc (NMLS #1518655), a licensed broker founded in 2016 and based in San Jose, CA. Wonder Rates services available in 50 states and Washington, DC.

Wonder Rates Mortgage Broker FAQ

How does Wonder Rates Mortgage Broker get paid?

Mortgage brokers get paid either by lenders or by borrowers. However, they cannot receive compensation from both parties.

What fees does Wonder Rates Mortgage Broker 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 Wonder Rates Mortgage Broker charge broker administration fees?

No, Wonder Rates Mortgage Broker does not charge a broker administration fee.

Does Wonder Rates Mortgage Broker charge broker loan origination fees?

No, Wonder Rates Mortgage Broker does not charge a broker loan origination fees.

Does Wonder Rates Mortgage Broker charge broker upfront fees?

No, Wonder Rates Mortgage Broker does not charge broker upfront fees.

Does Wonder Rates Mortgage Broker charge a yield-spread premium?

No, Wonder Rates Mortgage Broker 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.

What mortgage programs does Wonder Rates Mortgage Broker offer?

Wonder Rates 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%.
  • Jumbo: Any mortgage with a loan amount above the conforming loan limits set by Fannie Mae and Freddie Mac. As of 2018, the jumbo threshold is $453,100 in most of the United States.
  • 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 Wonder Rates Mortgage Broker broker?

Wonder Rates Mortgage Broker works with the following types of mortgages:

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

621 Tully Rd
125
San Jose, CA 95111
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Hours of Operation

Sunday
All Day
Monday
All Day
Tuesday
All Day
Wednesday
All Day
Thursday
All Day
Friday
All Day
Saturday
All Day

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