About Prism Mortgage, Inc.
|
Welcome to Prism Mortgage, Inc.
 We are a regional leader in no-cost residential mortgages, helping clients finance and refinance their homes affordably and conveniently. Call us and find out how much time and money The Prism Advantage Mortgage Program can save you-today and into the future.Old-fashioned financing: How the costs can add up. If you take a traditional, more old-fashioned route to financing, you will pay an average of 2.5% in fees or costs, or approximately $2500 for every $100,000 you borrow. Refinance for any reason and you will probably have to pay that $2500 or more all over again.When a traditional mortgage company arranges a loan, it generally receives a servicing release premium, or commission, from the lender. The mortgage company keeps the commission as a second source of revenue in addition to the origination fee you paid. |
|||||||||||||||||||||||||||
|
The Prism Advantage™ Get the best no-cost rate.
At Prism Mortgage, we believe the best rate for you is the rate with no cost. When we arrange a loan, we earn a servicing release premium from the lender like any other mortgage company. But we pay the closing costs you would incur (appraisal fees, title costs, etc.) out of this premium, or commission; the remaining balance is our source of revenue. This can amount to tremendous savings for you the borrower.
The chart below compares the typical costs incurred by a homeowner seeking a $100,000 loan from a traditional mortgage company with those costs incurred using The Prism Advantage. |
|||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||