There’s a definite preference by today’s consumers for the convenience of one-stop shopping, and it especially applies when buying real estate. “Home and mortgage consumers are increasingly doing business with professionals who can negotiate the real estate and the financing in one easy, convenient, low cost package,” says James Ponzi, Realtor with REMAX and Mortgage Broker with MORTGAGE MONEY, INC; “the simple reason is people are busy, and if they can save lots of money in the process; that’s even better.”
Although separately owned and operated, REMAX Southeast Denver, and MORTGAGE MONEY, INC. offer both real estate and mortgage services collaboratively through their mutual dual licensed Colorado brokers. There are several big benefits for the consumer under this type of arrangement.
Savings; the “No Money Mortgage” program is a great deal whereby a home seller receives a free loan origination if they list their home and buy a replacement home through the program. Many so called “no cost” mortgage loans simply roll the costs of the loan on top of the loan amount. This program is totally different; even if a seller is going to pay “closing costs” for the buyer, instead of applying the credit toward the loan origination costs, it can be applied to a lower interest rate for example; saving the consumer thousands of dollars on the loan.
Simplicity and convenience; real estate transactions are increasingly complex, and the problem can be exacerbated when the Realtor and Mortgage Broker aren’t communicating well; which happens all too often. With a one stop real estate and mortgage broker, consumers can get both their real estate and loan questions answered with one call to their trusted dual licensed advisor, instead of the confusion often experienced when dealing with separate real estate and finance professionals.
Working with one professional for both realty and finance creates greater transparency; from the initial good faith estimate to the purchase contract to the closing table documents; everything is disclosed and discussed appropriately until the consumer understands everything so there will be no unpleasant surprises. One of the biggest advantages being the ability of the advisor to understand all facets of the mortgage and the home purchase so they can explain it to the consumer properly.
Accountability; unlike national banks, this program is regulated locally by the State of Colorado. This benefits consumers if there is a problem with their transaction because they have a local Division of Real Estate office to make complaints to, instead of trying to complain at the national level. With the threat of identity threat looming everyday, the data security of your most important personal information will be in the hands of fewer people, because of the consolidated approach.
Finally, peace of mind is precious because they guarantee against loss of earnest money on your home purchase if they make any mistakes resulting in the loss, which to my knowledge, no other company offers. They make this guarantee because they know there are plenty of buyers losing earnest money in the market place due to incompetence and lack of communication between the professionals handling the sale, and “we feel this adds a necessary layer of protection for the consumer” said James.
For consumers seeking the highest professional competency in their Colorado real estate and mortgage professional at a great value, the one stop real estate and mortgage program with REMAX Southeast Denver, and MORTGAGE MONEY INC is a great choice. For more information, contact James Ponzi, (303) 743-9498. You can also learn more at www.realtyandfinance.com.