FAQs
1) When should I sign up for U.S. Mortgage Watchdog’s services?
We recommend you call us before you contact a lender or a real estate agent!
2) What can U.S. Mortgage Watchdog do for me as a consumer?
We help you in several ways:
- We will interview you to ensure you get the right loan for your situation.
- We can save you from predatory lenders and lending practices.
- We can save you hundreds of dollars in unnecessary hidden and inflated fees as well as thousands of dollars in long-term interest charges.
- We will review the preliminary loan documents to ensure that you are not being overcharged, and also review the closing paperwork to ensure that the terms are exactly the same as previously negotiated.
3) Why should I trust your service?
U.S. Mortgage Watchdog has more than 50 years of experience in the mortgage industry and we have worked with many types of loan programs. We are not a lender, mortgage broker, mortgage banker, bank or credit union! We do not originate or close any loans, period! Our goal is to ensure that you are completely satisfied by helping you negotiate the best terms and saving you as much money as possible. As a result of your experience with us, we hope you will refer us to other people you know.
4) How does U.S. Mortgage Watchdog get compensated?
We have spent many hours developing a system that brings value to all parties involved in a mortgage transaction or home purchase. Because we work with the highest quality Loan Officers and Real Estate agents, they have agreed to pay us a small fee to be associated with our company and what we stand for.
5) Why can’t I do this on my own?
It’s virtually impossible to shop and compare multiple offers on your own. It requires specific industry knowledge that’s not available to you, the borrower. Once you have signed up with U.S. Mortgage Watchdog, you have over fifty years of mortgage and real estate experience working on your behalf.
Lenders are compensated in many ways, some of which could cost you hundreds or thousands of dollars in non-essential fees and/or long term interest. Financing a home is probably the largest financial decision you will ever make. Why take the advice provided to you by a loan officer or lender who stands to make a bigger profit by charging you excessive fees and/or putting you in a loan with a higher interest rate than you deserve, when you can sign up with U.S. Mortgage Watchdog at absolutely no cost to you and be assured that you won’t become a victim of such practices?
Think of U.S. Mortgage Watchdog as a “FREE” insurance policy
6) I usually go directly to my bank or credit union for my mortgage and they charge very little in closing costs. Why do I need your service?
Typically, a bank is not going to have the most competitive interest rates, so even if you are paying less in closing costs, you will probably be paying back much more than that savings via higher interest payments over the life of the loan. A mortgage loan is not a one-size-fits-all transaction. We examine your loan to ensure that the combination of the interest rate and the closing costs provide you with the most appropriate loan for your particular situation.
Again, do you really want to take advice on what is typically the largest financial decision you will ever make from a bank or credit union employee who probably makes more money if he or she can get you to pay more for your loan? Remember, U.S. Mortgage Watchdog is an independent third party and we are the experts working for you every step of the way.
Please remember great service does not equal a great deal - it equals great service and nothing more!
7) How does it work, and how long does it take for you to review my loan?
In most cases, after you sign up for our free services, you will be personally contacted within one business day by one of our representatives, who will confirm your contact information and provide you with specific instructions. Our service is fast, trustworthy, and reliable.
8 ) What if my loan is deemed to be reasonable?
If your loan is reasonable, you will have the peace of mind that goes along with knowing that your loan is fair and equitable.
9) Do you lend money?
No! We are not a lender. We are an independent third-party service, specifically designed to help you negotiate better loan terms with your choice of lender and protect you against predatory lenders and lending practices.