FHA and Investor Specialist

In our current low rate market, many borrowers are taking advantage of the lower mortgage rates. My company also offers some very competitive rates on Adjustable Rate Mortgage loans, particularly for those interested in Jumbo Loans .  With all of the news about predatory ARM loans and those who cannot refinance out of an adjustable rate loan, just when is it a good idea to consider an Adjustable Rate Mortgage(ARM)? Here are a few tips:

•-          Check the Index and Margin on a proposed ARM loan.  Frankly many loan officers, consumers, and real estate agents as well got caught up in the frenzied market a few years ago and did not pay attention to the potential adjustments on ARM loans.  Many margins on subprime loans were in the 7% + range, making adjustments upwards a given. 

Here are the basics on how an ARM can adjust.  ARM's can adjust after the fixed period according to 1. The Index(usually the 1 Year Treasury Bill, 1 year Libor, or other index), plus 2. The Margin(usually 2%-3%).  There are also "Caps", which dictate the maximum loan rate adjustment  A. the First Adjustment, B. Each Adjustment thereafter, and C. Over the life of a loan. 

For example, if you had 4.5% loan currently, with caps of 2/2/6, based on 1 year libor and a margin of 2.5%; and were about to adjust you would calculate your new rate as: (1 year libor yield= 2.063%) +(margin= 2.5%)= 4.563%.  In this case, the "caps" don't come into play.

 •-          Do you have sufficient equity?   In our current real estate market, you may want to know that you can refinance out of your ARM if you decide you want to do so.  Refinancing will require some equity in your home.  I do not recommend most first time buyers obtain an ARM Loan, although there are notable exceptions.  Remember, ARM loans are not for everyone.

 •-          How long do you plan on staying in your home?  If you plan on selling your home within a 5,7, or 10 year period, an ARM loan for that time period may offer some savings for that time period.

 •-          Ask questions.  Your Loan Officer should be able to respond to your questions in a timely manner, and should manage expectations properly.  You should have an ARM disclosure given to you at application, and your LO should be able to answer any questions for you about an ARM loan.  Many LO's such as myself make themselves available after business hours and on weekends to answer questions via email and by phone.  Demand excellence from your Loan Officer.  Again, remember, ARM loans are not for everyone but they can great for a prepared, informed consumer. 

Michael Byrne

908 531 6170

FHA, VA, and Jumbo Specialist

www.refi-fhasecure.com

www.mortgageprosforum.com

Gateway Funding Diversified Mortgage Services, L.P. is licensed by the PA Department of Banking as a first mortgage banker and licensed pursuant to the PA Secondary Mortgage Loan Act; Arkansas Mortgage Company License; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; DC Mortgage Lender and Broker; a Georgia Residential Mortgage Licensee (#15499); Illinois Residential Mortgage Licensee; Kansas licensed Mortgage Company; Massachusetts Mortgage Lender and Broker (#MC-3052); Licensed by the New Hampshire Banking Department (#10192-MBB); Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker NYS Banking Department; a Mortgage Lender and Broker in Rhode Island; Gateway Funding is also authorized or exempt as a mortgage banker in AL, CO, CT, DE, FL, IN, IA, ME, MD MI, MN, MO, MT, NE, NV, NM, NC, OH, OK, OR, SC, TN, TX, UT, VT, VA, WV, and WI. This is not an offer to extend credit to any individual who may be entitled to a more complete disclosure per RESPA, TILA, HOEPA or any other more applicable federal, state or local law or regulation, Rates, Terms, Fees and Equity requirements are subject to change without notice. For qualified borrowers only. Equal Housing Lender.  © 2009 Gateway Funding Diversified Mortgage Services, L.P. FHA Success Stories  NJ Jumbo Programs  VA Financing  va mortgage success stories  

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In our current low rate market, many lenders are inundated with loan requests.  Many major lenders are having trouble processing loans in under 90 days.  My company's current turn times to close a loan are still under 30 days, giving we receive the necessary documentation in a timely manner. The tightening of the secondary market for Jumbo Loans , FHA and Va Loans , and Fannie Mae loans.  In addition to shopping for a good rate with a competent Loan Officer, here are some basic tips to help you close within 30 days on a refinance transaction at the current market rates:

•-          Get an approximate current market value of your home prior to an Appraisal.  Online sites such as zillow will give you a ballpark of your current market value.  A phone call to the real agent professional who helped you purchase your home is a better idea.  The most disappointing the thing about our current market is seeing someone who is otherwise well-qualified to refinance have an appraisal come in too low to obtain financing that makes financial sense.

•-          Check your credit.  Your mortgage professional should review your credit with you prior to sending you a loan proposal.  Keep in mind inquiries within the same industry within a 30 day period will generally only count as 1 credit inquiry on your credit report.  You can also go online and obtain a free copy of your consumer credit report form many sources to review your credit report for accuracy.  If your score needs some massaging, here are some tips: Your Credit Rating: a Few Tips For Those Who Pay Their Bills On Time . 

•-          Have your documentation ready.  Lenders now will require the following for a standard full documention loan: 2 years w-2's(and signed tax returns in many cases), 1 month paystubs(or pension/SSI receipts), 2 full months asset statements-ALL PAGES, a legible photo ID, a copy of a phone bill with phone # and address, and your homeowners insurance declaration page.  Other documentation may include a VA Certifcate of Eligibility(for VA Loans), a credit explanation, and even a job history explanation.  People in Condominiums may need to ask their association to fill out paperwork regarding the Association as well.  Other documentation may be required after loan underwriting as well, including a possible review appraisal in many cases.

•-          Ask questions.  Your Loan Officer should be able to respond to your questions in a timely manner, and should manage expectations properly.  Many LO's such as myself make themselves available after business hours and on weekends to answer questions via email and by phone.  Demand excellence from your Loan Officer.

 In today's market, lenders are wary of fraud as well as unsaleable loans in the secondary market.  Loan Officers want to make loans, and want to ensure they are making good solid loans in this unstable market.

Michael Byrne

908 531 6170

FHA, VA, and Jumbo Specialist

www.refi-fhasecure.com

www.mortgageprosforum.com

Gateway Funding Diversified Mortgage Services, L.P. is licensed by the PA Department of Banking as a first mortgage banker and licensed pursuant to the PA Secondary Mortgage Loan Act; Arkansas Mortgage Company License; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; DC Mortgage Lender and Broker; a Georgia Residential Mortgage Licensee (#15499); Illinois Residential Mortgage Licensee; Kansas licensed Mortgage Company; Massachusetts Mortgage Lender and Broker (#MC-3052); Licensed by the New Hampshire Banking Department (#10192-MBB); Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker NYS Banking Department; a Mortgage Lender and Broker in Rhode Island; Gateway Funding is also authorized or exempt as a mortgage banker in AL, CO, CT, DE, FL, IN, IA, ME, MD MI, MN, MO, MT, NE, NV, NM, NC, OH, OK, OR, SC, TN, TX, UT, VT, VA, WV, and WI. This is not an offer to extend credit to any individual who may be entitled to a more complete disclosure per RESPA, TILA, HOEPA or any other more applicable federal, state or local law or regulation, Rates, Terms, Fees and Equity requirements are subject to change without notice. For qualified borrowers only. Equal Housing Lender.  © 2009 Gateway Funding Diversified Mortgage Services, L.P. FHA Success Stories  NJ Jumbo Programs  VA Financing  va mortgage success stories  

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Foreign National Mortgage Financing: foreign investment in the US Economy is not a new thing.  Foreign investors have long bought our debt in the form of Treasuries and most recently mortgage obligation debt.  I think one of the ways to potentially solve our real estate crisis is to ease guidelines for Foreign Nationals to purchase Real Estate in the US.  I have run into plenty of French, British, and Canadian Nationals when vacationing in nearby spots such as the DR, Jamaica, and Bahamas; so why not make it easier for these folks to buy a place in the states?  

A new trend is Foreign National Mortgage Financing for those purchasing secondary homes in the US, judging by the hits and inquiries I receive from My Site .  Providing loan for Foreign Nationals is a great potential niche for any lender and a great niche for a Real Estate Salesperson as well.  

- 50% down required.  40-45% down by exception with established US credit and a FICO over 651.*  See below for information for private money foreign national financing.

- Rates starting in the 6% range for a 3 year Fixed Rate and 30 year rates.

- Proof of closing funds required 30 days prior to settlement.

- Copy of valid passport from issuing Country

- Bank information for automatic payment withdrawal, and a designated Attorney in the US to act on clients behalf.

- Income, Employment verification may be required for true Foreign National.

Update:  Here are some current loan to values for this program:

One of my referral partners has Foreign National Mortgage Financing available at the below loan-to-values in the listed states. Please contact me for more information on this program and to get you started with financing.  (This is not a Chase program.)  Other states may be available on a case by case basis. A loan to value is calculated by dividing the lower of the purchase price or appraised value (Value) by the loan amount.  For example, a home being purchased for $500,000, with an appraised value of $525,000, and a loan amount of $300,000; would have a loan to value of 60%.

Here is a quick snapshot of the current lending parameters by state:

California - Max 70% LTV
Colorado - Max 70% LTV
Connecticut - Max 60% LTV Metro New York Area
Florida - Max 70% LTV
Hawaii- Max 60% LTV
Nevada - Max 50% LTV
New Jersey - Max 60% LTV Metro New York Area
New York - Max 60% LTV
Washington State- Max 60% LTV
Oregon - Max 70% LTV

Other states may be available on a case by case basis.  Please review the amount of down payment required and the down payment amounts you have prior to looking at homes.  Other guidelines may apply to qualify for financing, including income documentation

This is a great program, however, it is NOT designed for those living and working in the US illegally.  It is a true Foreign National Mortgage Financing, for those looking to purchase a second home in the US.  Again, this provides a great program for Foreign Nationals.  There are plenty of restrictions particularly for new construction in condos, etc.   

There are also other private money programs that may allow for up to 70% to 75% financing in some cases.  I have a large network of sources to which I can refer someone who requires private money foreign national financing.  Terms vary and income and asset documentation are generally required, and a larger geographic lending area may be  available. This is a great program for citizens of the UK, Canada, and most any Country to take advantage of Real Estate opportunities which exist in the US today.

*Rates and Terms can vary by date.  Not a Commitment to Lend.  Please contact me for more details. Limited State Availability and subject to wholesale lender guidelines.   

Despite the news of tightening of the credit markets, it appears that after long last that there is a bit of easing in the Jumbo Mortgage Market.  Senior management at my company has worked diligently to establish our warehouse lines as well as investor relationships in order to offer many different jumbo loan programs.

Current highlights include great jumbo rates in these Counties: Westchester, Suffolk, Nassau, Rockland, Orange, Putnam, Dutchess, Columbia, and Richmond(Staten Island).  Many programs rates tcked down an 1/8% or so in the past weeks, and sme programs even moreso.

Fully documented loans are available with a 20% down payment or 20% equity in refinances on loan amounts up to 1 Million, even for cash-out refinancing!   Excellent rates are available on 5/1, 7/1, and 10/1 ARM Programs, as well as the standard 30, 20 and 15 year fixed rates.  Interest only and 40 year amortization options are available as well.  Call or email me for customized quotes and details on a loan program for you.

A recent client of mine has taken a relatively novel approach: he is using an interest-only ARM as a means of accerelating his mortgage, rather than making due with the minimum interest payment.

Stated Income programs for the self-employed and No-doc loans are slowly coming around as well.  Call for specific details.

Super Jumbo loans also are available to many, with certain county restrictions.  Loans up to 5 Million are available for available to qualified buyers/owners!

All in all, it appears that slowly but surely credit is beginning to loosen for qualified borrowers!

Michael Byrne

www.refi-fhasecure.com

www.mortgageprosforum.com

* Guidelines subject to change without notice and subject to final investor underwriting.

Gateway Funding Diversified Mortgage Services, L.P. is licensed by the PA Department of Banking as a first mortgage banker and licensed pursuant to the PA Secondary Mortgage Loan Act; Arkansas Mortgage Company License; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; DC Mortgage Lender and Broker; a Georgia Residential Mortgage Licensee (#15499); Illinois Residential Mortgage Licensee; Kansas licensed Mortgage Company; Massachusetts Mortgage Lender and Broker (#MC-3052); Licensed by the New Hampshire Banking Department (#10192-MBB); Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker NYS Banking Department; a Mortgage Lender and Broker in Rhode Island; Gateway Funding is also authorized or exempt as a mortgage banker in AL, CO, CT, DE, FL, IN, IA, ME, MD MI, MN, MO, MT, NE, NV, NM, NC, OH, OK, OR, SC, TN, TX, UT, VT, VA, WV, and WI. This is not an offer to extend credit to any individual who may be entitled to a more complete disclosure per RESPA, TILA, HOEPA or any other more applicable federal, state or local law or regulation, Rates, Terms, Fees and Equity requirements are subject to change without notice. For qualified borrowers only. Equal Housing Lender.  © 2008 Gateway Funding Diversified Mortgage Services, L.P.

Ct. Super Jumbo Loan Programs  Delaware Jumbo Loans New Jersey Jumbo Loans NY Super Jumbo Loans

Despite the news of tightening of the credit markets, it appears that after long last that there is a bit of easing in the Jumbo Mortgage Market.  Senior management at my company has worked diligently to establish our warehouse lines as well as investor relationships in order to offer many different jumbo loan programs.

Current highlights include great jumbo rates even in areas where the jumbo loan limit was not raised significantly in Sussex, Kent, or New Castle County. 

Fully documented loans are available with a 20% down payment or 20% equity in refinances on loan amounts up to 750k.   Excellent rates are available on 5/1, 7/1, and 10/1 ARM Programs, as well as the standard 30, 20 and 15 year fixed rates.  Call or email me for customized quotes and details on a loan program for you.

A recent client of mine has taken a relatively novel approach: he is using an interest-only ARM as a means of accerelating his mortgage, rather than making due with the minimum interest payment.

Second homes are eligible for jumbo financing as well, for those with Beach Houses in Rehoboth, Dewey, Bethany and the surrounding areas.

Stated Income programs for the self-employed and No-doc loans are slowly coming around as well.  Call for specific details.

All in all, it appears that slowly but surely credit is beginning to loosen for qualified borrowers!

Michael Byrne

www.refi-fhasecure.com

www.mortgageprosforum.com

* Guidelines subject to change without notice and subject to final investor underwriting.

Gateway Funding Diversified Mortgage Services, L.P. is licensed by the PA Department of Banking as a first mortgage banker and licensed pursuant to the PA Secondary Mortgage Loan Act; Arkansas Mortgage Company License; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; DC Mortgage Lender and Broker; a Georgia Residential Mortgage Licensee (#15499); Illinois Residential Mortgage Licensee; Kansas licensed Mortgage Company; Massachusetts Mortgage Lender and Broker (#MC-3052); Licensed by the New Hampshire Banking Department (#10192-MBB); Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker NYS Banking Department; a Mortgage Lender and Broker in Rhode Island; Gateway Funding is also authorized or exempt as a mortgage banker in AL, CO, CT, DE, FL, IN, IA, ME, MD MI, MN, MO, MT, NE, NV, NM, NC, OH, OK, OR, SC, TN, TX, UT, VT, VA, WV, and WI. This is not an offer to extend credit to any individual who may be entitled to a more complete disclosure per RESPA, TILA, HOEPA or any other more applicable federal, state or local law or regulation, Rates, Terms, Fees and Equity requirements are subject to change without notice. For qualified borrowers only. Equal Housing Lender.  © 2008 Gateway Funding Diversified Mortgage Services, L.P.

Ct. Super Jumbo Loan Programs  Delaware Jumbo Loans New Jersey Jumbo Loans NY Super Jumbo Loans

Despite the news of tightening of the credit markets, it appears that after long last that there is a bit of easing in the Jumbo Mortgage Market.  Senior management at my company has worked diligently to bolster our warehouse lines as well as investor relationships in order to offer many different jumbo loan programs.  Rates dropped a bit this week on many programs.

Current highlights include great jumbo rates even in areas where the jumbo loan limit was not raised at all in many counties of Connecticut.  In other areas such as Fairfield County, the conforming jumbo loan limit is just $511,750.  We can offer financing on jumbo loans to 1,500,000 and above. 

Fully documented loans are available with a 20% down payment or 20% equity in refinances on loan amounts up to 1 Million.  Excellent rates are available on 5/1, 7/1, and 10/1 ARM Programs, as well as the standard fixed rates.  Call or email me for customized quotes and details on a loan program for you.

A recent client of mine has taken a relatively novel approach: he is using an interest-only ARM as a means of accerelating his mortgage, rather than making due with the minimum interest payment.  Others still are finding an opportunity to switch to a 15 year loan or simply from an interest-only loan to a fully amortized loan.

Stated Income programs for the self-employed and No-doc loans are slowly coming around as well.  Call for specific details.

In Connecticut, we also have Super Jumbo financing available on loan amounts to 5 Million Dollars with up to 70-80% Financing, and even 10 Million Dollars on an exception basis.

All in all, it appears that slowly but surely credit is beginning to loosen for qualified borrowers!

Michael Byrne

www.refi-fhasecure.com

www.mortgageprosforum.com

* Guidelines subject to change without notice and subject to final investor underwriting.

Gateway Funding Diversified Mortgage Services, L.P. is licensed by the PA Department of Banking as a first mortgage banker and licensed pursuant to the PA Secondary Mortgage Loan Act; Arkansas Mortgage Company License; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; DC Mortgage Lender and Broker; a Georgia Residential Mortgage Licensee (#15499); Illinois Residential Mortgage Licensee; Kansas licensed Mortgage Company; Massachusetts Mortgage Lender and Broker (#MC-3052); Licensed by the New Hampshire Banking Department (#10192-MBB); Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker NYS Banking Department; a Mortgage Lender and Broker in Rhode Island; Gateway Funding is also authorized or exempt as a mortgage banker in AL, CO, CT, DE, FL, IN, IA, ME, MD MI, MN, MO, MT, NE, NV, NM, NC, OH, OK, OR, SC, TN, TX, UT, VT, VA, WV, and WI. This is not an offer to extend credit to any individual who may be entitled to a more complete disclosure per RESPA, TILA, HOEPA or any other more applicable federal, state or local law or regulation, Rates, Terms, Fees and Equity requirements are subject to change without notice. For qualified borrowers only. Equal Housing Lender.  © 2008 Gateway Funding Diversified Mortgage Services, L.P.

Ct. Super Jumbo Loan Programs  Delaware Jumbo Loans New Jersey Jumbo Loans NY Super Jumbo Loans

Despite the news of tightening of the credit markets, it appears that after long last that there is a bit of easing in the Jumbo Mortgage Market.  Senior management at my company has worked diligently to establish our warehouse lines as well as investor relationships in order to offer many different jumbo loan programs.

Current highlights include great jumbo rates even where the jumbo loan limit was not raised significantly in areas such as Mercer County, Atlantic County, and Burlington Counties.  In other areas such as Essex County and Union County, we can offer financing on jumbo loans to 1,500,000 and above.  

Fully documented loans are available with a 20% down payment or 20% equity in refinances on loan amounts up to 1 Million.  Excellent rates are available on 5/1, 7/1, and 10/1 ARM Programs, as well as the standard fixed rates.  Call or email me for customized quotes and details on a loan program for you.

A recent client of mine has taken a relatively novel approach: he is using an interest-only ARM as a means of accerelating his mortgage, rather than making due with the minimum interest payment.

Stated Income programs for the self-employed and No-doc loans are slowly coming around as well.  Call for specific details.

 All in all, it appears that slowly but surely credit is beginning to loosen for qualified borrowers!

Michael Byrne

www.refi-fhasecure.com

www.mortgageprosforum.com

* Guidelines subject to change without notice and subject to final investor underwriting.

Gateway Funding Diversified Mortgage Services, L.P. is licensed by the PA Department of Banking as a first mortgage banker and licensed pursuant to the PA Secondary Mortgage Loan Act; Arkansas Mortgage Company License; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; DC Mortgage Lender and Broker; a Georgia Residential Mortgage Licensee (#15499); Illinois Residential Mortgage Licensee; Kansas licensed Mortgage Company; Massachusetts Mortgage Lender and Broker (#MC-3052); Licensed by the New Hampshire Banking Department (#10192-MBB); Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker NYS Banking Department; a Mortgage Lender and Broker in Rhode Island; Gateway Funding is also authorized or exempt as a mortgage banker in AL, CO, CT, DE, FL, IN, IA, ME, MD MI, MN, MO, MT, NE, NV, NM, NC, OH, OK, OR, SC, TN, TX, UT, VT, VA, WV, and WI. This is not an offer to extend credit to any individual who may be entitled to a more complete disclosure per RESPA, TILA, HOEPA or any other more applicable federal, state or local law or regulation, Rates, Terms, Fees and Equity requirements are subject to change without notice. For qualified borrowers only. Equal Housing Lender.  © 2008 Gateway Funding Diversified Mortgage Services, L.P.

Ct. Super Jumbo Loan Programs  Delaware Jumbo Loans New Jersey Jumbo Loans NY Super Jumbo Loans

Maybe it is my fault that I jinxed myself.  I did write about some  FHA Success Stories and some VA Mortgage Success Stories  recently.   I received a report stating that despite the fact My Company can still approve FHA and VA loans down to a 540 credit score with an automated approval and manually underwrite FHA and VA loans to a 580 credit score, this may come to an end at some point as the secondary market is still tightening, despite efforts by the Obama Administration to loosen the secondary market. Edit- see note below from 3/5/2009

All I can say is that if you are a consumer that is waiting for "rates to drop" and have a less than perfect credit history, now is the time to act before guidelines change without notice and without any warning.  I feel it is a shame that otherwise qualified, full income and asset documented borrowers are having trouble obtaining FHA and VA financing at this time. This is mainly because consumers, lenders, brokers, real estate agents, Wall Street, and Insurers of Securities abused the system.

Personally, I feel that strong FHA and VA secondary market support should be at the forefront of the Obama Administration's efforts to increase the pool of qualified homebuyers to guide us out of our current mess.  Homebuying and home sales begin with the first-time buyer and/or a buyer working their way through any previous credit issues.  That sale/purchase then works its way up to the higher priced homes, kind of like the reverse of supply-side economics from the Reagan Administration.

I sincerely hope I don't receive any memos soon stating FHA and VA guidelines have tightened.

EDIT-Too Late- Thursday 3/5 we got notice all VA and FHA loans need a 620 moving forward.

Michael Byrne

908 531 6170

FHA, VA, and Jumbo Specialist

www.refi-fhasecure.com

www.mortgageprosforum.com

Gateway Funding Diversified Mortgage Services, L.P. is licensed by the PA Department of Banking as a first mortgage banker and licensed pursuant to the PA Secondary Mortgage Loan Act; Arkansas Mortgage Company License; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; DC Mortgage Lender and Broker; a Georgia Residential Mortgage Licensee (#15499); Illinois Residential Mortgage Licensee; Kansas licensed Mortgage Company; Massachusetts Mortgage Lender and Broker (#MC-3052); Licensed by the New Hampshire Banking Department (#10192-MBB); Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker NYS Banking Department; a Mortgage Lender and Broker in Rhode Island; Gateway Funding is also authorized or exempt as a mortgage banker in AL, CO, CT, DE, FL, IN, IA, ME, MD MI, MN, MO, MT, NE, NV, NM, NC, OH, OK, OR, SC, TN, TX, UT, VT, VA, WV, and WI. This is not an offer to extend credit to any individual who may be entitled to a more complete disclosure per RESPA, TILA, HOEPA or any other more applicable federal, state or local law or regulation, Rates, Terms, Fees and Equity requirements are subject to change without notice. For qualified borrowers only. Equal Housing Lender.  © 2009 Gateway Funding Diversified Mortgage Services, L.P. FHA Success Stories  NJ Jumbo Programs  VA Financing  va mortgage success stories  

Ct. Super Jumbo Loan Programs  Delaware Jumbo Loans New Jersey Jumbo Loans NY Super Jumbo Loans

Most people only talk about auto repair shops when they complain about them.  Well, this one is different.  Recently, I took my vehicle to my local Midas in Flemington, NJ.  I am still relatively new to the area, and still was looking for an auto shop I could trust.  I went for my 2^nd oil change, coupon in hand.  I also had in hand a headlight bulb that for the life of me I could not replace myself.  I make no claims to being Mr. Handyman with a car, but I have changed my bulbs, etc. before, but this one would not budge.  I even had a friend who is a car guy, check it out to no avail.  I had a ding in my front quarter panel right where the the bulb goes, and apparently it wedged the old bulb socket in place.  I was a bit embarrassed to admit I couldn't change it myself.  I mentioned this at the counter, and they said they would check it out.

As I waited, I remembered that the last time I was there they had also checked out a squeaky belt and had worked on it, without mentioning it or even charging me.  Once again, when I called to the counter, they mentioned that they had completed the oil change, etc. and  replaced the bulb free of charge.  They also gave me a couple of tips on how to replace the bulb in the future.

All I can say is that is the type of service that will make me a lifetime customer: just a simple gesture of going out of their way to help a client.  They could have charged me $10, $15 or even $50; but instead they charged nothing and will reap thousands in service from me because of it.  As they saying goes, "Don't trip over the dollars, reaching for the nickels."

Hopefully, others who go to Midas Of Flemington also will get the same quality of service.

Michael Byrne

NJ FHA, VA, and Jumbo Mortgage Specialist

908 531 6170

 FHA Success Stories  NJ Jumbo Programs  VA Financing  va mortgage success stories  

Ct. Super Jumbo Loan Programs  Delaware Jumbo Loans New Jersey Jumbo Loans NY Super Jumbo Loans