A mortgage broker is a mortgage professional who specializes in finding the best possible loan for a borrower’s specific situation. They work closely with both borrowers and lenders to negotiate deals and ensure the best possible rates on a mortgage.

Many mortgage options are available. Each one offers pros and cons. You can discuss your unique situation when you speak with one of our licensed mortgage loan originators. The mortgage specialist will then present your best options and their associated benefits, including short- and long-term savings, and savings on taxes, interest, and deferred payments. From there, it will be much easier to determine which loan option is right for you.

There are many different types of mortgages, each with their own advantages, disadvantages, and specific requirements. For example, there are Fixed Rate Mortgages, Adjustable Rate Mortgages, USDA Mortgages, VA Mortgages, Reverse Mortgages, FHA Mortgages, Jumbo Mortgages, and more. Working with a mortgage broker is a great way to determine what kind of mortgage suits your situation best.

After filling out your loan application with our licensed mortgage loan originator or using our online application link, you will receive a package or email containing a copy of the application for you to sign from the lender.

Your loan officer will always be your primary contact point for any questions you have throughout the process.

A number of situations could result in your loan amount falling short at settlement. For example, your loan payoff might come in a little higher than anticipated, or you might have property taxes or insurance due to be paid at closing. That is why we always recommend submitting the loan request at a higher amount, giving you a buffer to prevent shortages. During the underwriting process, it is always easier and quicker to decrease the loan amount than it is to increase it.

The closing date will determine when the first payment is due on your new loan. Generally, you will not have a payment due the month of closing or the month after closing. Your first payment will be due the first day of the following month. For example, if you close on your loan, January 10th , your first payment is due March 1. We recommend that you make all mortgage payments on your existing mortgage until you close on the new mortgage. Be sure to discuss all of this with your licensed mortgage originator.

Silver Fin Capital uses an encrypted system called “Document Guardian” for borrowers to upload their requested documentation. Items can also be mailed, faxed or emailed as well.

The rate lock should allow enough time for the loan to get through the approval process and to closing. Typical lock terms are 15, 30, 45, and 60 days. Locks are available for longer terms, but they typically come with a cost.

You can do that right from our website. Go to our Secure Document Upload page and use the form to select the files you want to send to us.