Welcome
Welcome to our Web site. This site offers you the opportunity to learn more about our services. Alex Rydel is a housing and credit counselor and qualified by the states of Florida and Connecticut by the Department of Banking and Finance, in Florida and the Department of Insurance in Connecticut. Additionally, during hurricane season, he has been an Officer-In-Charge for the U.S. Government's SBA disaster assistance program and a peer reviewer and trainer for the Council on Accreditation for Children and Family Services, located in New York, NY.
To learn more about him, click any item on our menu. Alex has retired but continues to support the efforts of UMBA. All referrals from this site will be administered by Joe Kowalczyk at Eagle Mortgage for the remainder of 2011. If you have comments or questions, let us know by clicking Contact Us. Thanks for visiting and be sure to check back often for updated information.
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'Upfront Mortgage Brokers' (UMB's) are professionals that support the Upfront Mortgage Brokers Association and agree with the Mortgage Professor's web site content MtgProfessor.com that consumers should be given fee information up front. 'Up Front' means that all fees charged to the consumer will be identified without the consumer paying to apply. Upfront mortgage brokers strive to find the best mortgage for the consumer at the the lowest available price. Each UMB makes a commitment to this goal.
UpFront Mortgage Broker® Commitment (2011)
Members of UMBA carry the trademark designation UpFront Mortgage Broker® and commit to the following:
1. The UpFront Mortgage Broker (UFMB) will endeavor to act in the best interests of the borrower.
2. The UFMB will use his best efforts to determine the loan type, features, and lender services that best meet the borrower's needs, and to locate the best wholesale price for that loan from the lenders with which the UFMB is approved.
3. The UFMB will establish a fee for his/her services upfront and in writing, before the loan application is submitted, based on information requested by the UFMB and provided by the borrower. The fee may be a fixed dollar amount, a percent of the loan, or a combination of these. The fee will cover all services provided by the UFMB, including any and all processing fees.
4. The UFMB will credit the borrower any and all yield spread premium received from the lender. This credit will reduce the settlement charges and may exceed the UFMB’s fee for services.
5. When directed by a borrower who has met lender lock requirements, the UFMB will lock the terms of the loan - interest rate, points or yield spread premium/credit and other major features. After the terms of the loan have been locked, if requested by the borrower, the UFMB will provide a copy of the lender’s written confirmation of the rate lock. The rate lock confirmation will show any and all yield spread premium or discount points associated with the interest rate.
6. The UFMB will maintain a web site on which this Commitment will be prominently displayed. If the web site displays mortgage prices, the UFMB will indicate whether the prices include the UFMB’s fee for service, or if the UFMB’s fee will be an added charge.
Please click on the house logo next door for specific details.
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Considering a re-finance of your current mortgage? Buying a first home? Time for a pool or a new addition? The very best thing you can do BEFORE trying to get a mortgage, is to improve your credit score. Before you even think about getting 'pre-qualified' ... do some home work. Get facts from someone who will not make money on you simply because you asked some questions. All the information you need is FREE ! Call Alex, and he will give it to you!
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Alex@GetTheRightMortgage.com
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