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Currently I manage the River Edge, NJ branch of Approved Funding. We are licensed mortgage bankers who have been in business for more than 20 years. We have made a reputation of funding common sense mortgage loans and due to our lending criteria we are well positioned in the current mortgage climate. Banks have been dropping like flies and we continue to weather the storm and fund quality loans.
I have been in the mortgage business since 2001 and have worked my way up the entire way. I started as a loan processor and worked my way up to a closer and finally an underwriter for the Bank of New York. I eventually managed the closing department at the Bank of New York before leaving to go into Sales where I excelled as a loan officer and Account Executive before being asked to manage the corporate office.
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Your loan pre-approval would be fine for a different property. You can still use that loan officer if you have a good relationship with him/her. Speak with 3 different mortgage companies or banks and compare apples to apples.
If you have great credit and a down payment you should qualify for a good rate as long as your loan amount is less than 417k on a single family house. If your loan amount is more than 417k I would check with more lenders as JUMBO rates are drasticaly different between banks currently.
Adam M. Dahill
Branch Manager
Approved Funding Corp - Mon Oct 8 2007, 11:41
Check out Dixon Mills. I just bought a place there. Great loft spaces 3 blocks from Grove Street Path, parking, and cheap even compaired to other units in the area. I'm making the move from the East village and I understand leaving NYC but it so close, closer than Brooklyn or Queens. www.dixonmillsjc.com
Everyone that I've shown the pics to has flipped on how great the spaces look.
Give me a call if you want me to refer you a good agent there. - Wed Aug 29 2007, 10:52
I live about 5 minutes away and I will definitely stop by. So I guess consider this a RSVP yes. - Wed Aug 29 2007, 09:54
Referrals are a good place to start.
Some people on this thread said to check Bankrate.com. I would not take anything at face value from bankrate. They are being sued left and right by mortgage companies currently. They sell their advertising to lenders/brokers who have no obligation to deliver the rate they are advertising. If it looks too good to be true then it usually is. Try googling it and you will see what I mean.
I'm a boutique banker/direct lender and I sell all the big bank's products. - Tue Aug 21 2007, 15:53
Commercial space in NYC is a different animal than residential. Commercial brokers are usualy paid by the building owner or the current lease holder. I can refer you a good commercial broker at CBRE that handles our Manhattan offices. His name is Michael Higgins and he works south of Houston St. - Tue Aug 21 2007, 14:55