We think you should care...A Lot!

We don't sell loans servicing released.  What does that mean and why should you care?

Mortgage lenders sell loans servicing released because they get paid what is called a "servicing release premium" for selling your loan relationship to someone else.  The originator can advertise a slightly lower note rate on the loan to be sold and still make money for putting the deal together.  However, you often pay the price through unexpected costs and poor service during the life of your mortgage loan.

You close on a mortgage only once.  You make 12 payments per year, pay taxes twice a year, and insurance every year.  And there are more important details of loan administration that come up.  Don't you want a "trusted local advisor" handling these things?  If you have a problem or issue, don't you want to be able to talk to a real person...now?

Mutual Savings does not sell loans "servicing released".  We think it is a short sighted way to do business.  To us, you're more than a one-time mortgage transaction.  We believe you recognize the value of superior local service delivered over years.  We want to be your personal and trusted local advisor.  We're willing to earn that right by working hard every day properly servicing the loans we originate.

You're the one that will have to live with the mortgage and the lender.  You and you alone should make the decision regarding who will handle your purchase or refinance.  Call us for an informative consultation and free pre-approval before making that decision.

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