Our Preferred Lender - Greenway Mortgage
For a free no obligation consultation, call George Ferreira at (973) 207-3186
George has been originating loans for the past 12 years. George's attention to detail
and ability to provide knowledge to his clients is what separates him from the competition.
Homeowners, real estate agents, attorneys, financial planners and CPA's turn to
him as an extension of their services and also rely on his expertise for financial
solutions. George's management style and networking skills have established an unparalleled
network of relationships that benefit everyone in the process. He invests the time
to build rapport with his customers, so they not only receive the loan that works
best for them, but they can feel confident about the process all the way through
How has the mortgage industry changed since you started, and what would you expect
in the future? The mortgage industry has had significant changes since I began in
the business. The biggest changes are regarding documentation. Limited documentation
mortgage loans such as stated income are no longer available. To qualify for the
best rates banks require paystubs, bank statements and tax returns. Banks will loosen
up on this in the next few years, but the rates for low documentation loans will
be significantly higher.
What are the top 3 misconceptions people have about the home loan process? A common
misconception is that you need 20% down to get a loan. This is not true. There are
loan programs that require as little as 3% down. Banks want to lend money and they
want to create programs that meet homebuyers' needs. These programs will provide
lower down payment options, relaxed credit guidelines, but will still have strict
standards regarding documentation.
For a free no obligation consultation, call George Ferreira at (973) 207-3186 or