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Sweitzer Simson & Assoc.


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.

Sweitzer Simson and Associates consist of David Sweitzer, John Simson and Milford Beckman as the principles and originators, and Brenda Maffett as their loan processor.

David Sweitzer is a native of Garrett Conty and has been active in the local community and banking industry for the past 17 years. John Simson, originally from upstate New York, began his banking career on Maryland's Eastern Shore and has worked in the Western Maryland area for the past 5 years. Milford Beckman is also a native of Garrett County and has enjoyed a long banking career as president of Garrett National and most recently owner of Garrett Mortgage. Together, with their staff, they combine for over 70 years of banking experience to help guide you through the lending process.

Most lenders base their home loan qualification on both your total monthly gross income and your monthly fixed debt expenses. Fixed debt expenses include property taxes, mortgage insurance, association dues, and credit card payments.

When you refinance at a lower interest rate, you usually pay refinancing costs including points, fees, and closing costs. This calculator will tell you if the amount you save in interest will exceed these refinancing costs. The calculated results depend on how long you plan to keep this property.

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