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Home > Financial Services > Mortgage Brokers > Cal Bay Mortgage Group
Cal-Bay Mortgage Group
A mortgage broker is an individual or firm that acts as an independent agent for both the borrower and the lender of a mortgage loan. Mortgage brokers are the middleman between you and the lending institution, which can be a bank, trust company, credit union, Mortgage Corporation, finance company or even an individual private investor. A mortgage broker will analyze your financial situation to determine which lender is the best fit for your loan needs. He or she will submit your mortgage application to one or more lenders in order to sell it, and works with the chosen lender until the loan closes. He or she receives a commission from the borrower if the loan closes.
Cal-Bay Mortgage Group assists you through six basic steps in procuring a loan for buying a house or renovation of your home. The six steps are; getting your documents organized, convincing the loan company that you qualify for the loan, explains the best loan plans from various companies available within your budget, applies for the loan, obtains approval for the loan, and assists in closing the loan.
Cal-Bay Mortgage was established in the Bay Area in 1971. As the company grew over the years, branches were added and their locations now include Petaluma, Santa Rosa, Ukiah, Antioch and Napa. It is privately owned and operated by its principal, Dick Bergmann. Cal-Bay is both a mortgage banker and a mortgage broker, making them your one-stop source to over 100 different lenders as well as their own in-house programs. This gives you the best opportunity to get the lowest interest rates on a wide variety of loan products with the added benefit of fast, direct service. They have an excellent reputation in the communities they serve.
Their program includes monthly savings pattern, debt structure. Refinancing is the process of taking out a new mortgage, and using the money obtained to pay off your current mortgage. It involves many of the same steps that were involved in applying for and getting your mortgage in the first place and can also involve some of the same expenses.
They are committed to putting you in the loan that fits your individual needs. Through the process they take you through your application, pull your credit bureau report at the same time, getting you pre-approved for your loan.
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