If you are thinking of refinancing for the first time, or are a first time home buyer you may be wondering why it is to your benefit to use the services of a qualified mortgage brokerage as opposed to using a direct mortgage lender. Mortgage brokerages or "multi-lender platforms" represent a number of lenders and offer these lender's products through a wholesale arrangement. So the mortgage brokerage can offer wholesale rates, as opposed to retail rates. The lender will then compensate the brokerage when they deliver a loan to them and this compensation is invisible to the borrower. Many banks that offer retail or wholesale loans will allow the brokerage to charge up to 1% of the loan amount for their compensation.
By offering wholesale rates, a brokerage is in fact more competitive than the retail side of the same bank. This is happening more and more as brokerages are moving their services to the Internet and reducing their costs of distributing loans to the consumer.
Multi-lender mortgage brokerages on the Internet can be the most competitive source for mortgage loans available. However, be wary of multi-lender sites that limit their choice of lenders to less than 10 sources. Ocean Pacific Capital has access to more than 130 so regardless of your situation, chances are we can find a program that fits your needs. Many sites that limit their selection are charging the bank to participate and can not offer unbiased selection as they are captive to their lending sources.
As a licenced California and Colorado full service mortgage brokerage, Ocean Pacific Capital is committed to providing excellent service to our clients in a fully upfront and transparent manner. We pride ourselves on providing personalized customer care. Whenever possible, we will meet with you in person, at your home, business or whatever location is most convenient to you, to give you a free, no-pressure loan consultation. Contact us today to set up an appointment with one of our experienced and friendly loan officers.
Ocean Pacific Capital assembles a broad range of permanent and construction mortgage financing for its clients. The primary focus of this Mortgage Brokerage is mortgage banking through the origination and servicing of income property loans. Our Mortgage Brokerage has been in business for over 27 years and has the experience needed to get the mortgage program that is right for you.
The company represents commercial real estate borrowers in obtaining acquisition, construction, interim and permanent mortgage financing for clients on retail, office, industrial multi-family and residential development properties. As a mortgage brokerage, Ocean Pacific Capital's staff maintains relationships and representations through OPC's Mortgage Brokerage network of commercial banks, insurance companies and conduits in order to arrange the best possible financing for its borrowing clients.
You need a mortgage brokerage that doesn't employ deceptive bait and switch tactics and hidden fees which cost home owners thousands of dollars every month. Ocean Pacific Capital has been in the mortgage brokerage business over 31 years without a single complaint. We have a perfect rating with the Better Business Bureau and a clean record with the Dept. of Real Estate. Call us today at 1800 595-1474. We look forward to earning your business.
The following is an overview of our loan programs. For more details please visit our residential page.
Premier home loan Financing!
Ocean Pacific Capital's home loan financing department is designed to meet our client's personal and investment goals from both a performance and cost perspective. With flexible home loan financing options, we are able to meet the needs of our borrowers' home loans. Whether you need to refinance your current home loan or need to acquire a purchase home loan, we will structure the most appropriate home loan finance program to meet your needs. To start your short home loan application, click here.
Home Program Overview
Our home mortgage loan program is designed to minimize costs while delivering the best home loan to meet our client's needs. We offer:
- home mortgage loans starting as low as 1.00%
- home loan mortgage interest only payment option
- 30-year fixed home loans (No balloon home loan)
- Cash-out home mortgage loans
- home mortgage loan payout periods of 3-5-7-10-15-30-40 fixed interest rates
- 30-day/45 day closing guarantee on all home loans
- home mortgage loans available for a less-than-perfect credit score (what some people call "bad credit")
- A high debt-to-income ratio can qualify for home loans
- home loans available even if you have previous bankruptcy or any other money issues
- Low-rate home loans, no-point home loans
- Conforming home loans and non-conforming home loans
- Full-doc home loans, stated-income home loans, & no-doc home loans
Ocean Pacific Capital's Underwriting Guidelines
- Minimum home loan size: $100,000-conforming
- Maximum home loan size: non-conforming-$10 million
- Maximum home loan Financing: LTV/CLTV: 95%
- All types of home loan Financing Available
- home loan rates start at 1%
- home loan fixed rate terms: 3-15 Years
- home loan term: 30 Years
- home loan lender fees: No cost, zero lender points also available
For up-to-date interest rates, for a free quote on a home mortgage, call us toll free at 1-800-595-1474
We offer a variety of loan application options, including
a Quick Application, a Standard Application, and a 5 Step Application. Click here to get started!