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What Our Customers Say
I did a refi (5/1 ARM) with Fidelity Residential (www.fidresi.com). I was very pleased in my dealings with them. My main point of contact was Robert Shamie (firstname.lastname@example.org). He was very helpful throughout the entire process and he was very responsive .... always replying to emails very quickly. I got a great rate (2.875%). Fees were very reasonable (in fact, better than anything else I saw out there). Here`s a quick list of the fees I paid ($399 discount fee--I had an 80% LTV; $0 for origination; $399 lock deposit--refunded once the loan funded). I also worked closely with an associate of Robert, Lindsy Leben. She was also great to work with and always very responsive. The entire refi process took 29 days from the point that I submitted the signed papers and lock agreement to the point when the loan funded (and that`s with the July 4th holiday stuck in there too, which took a day out of the process). I was very keen on getting this refi done. So, I took a proactive approach and was involved in monitoring things fairly closely. Robert and Lindsy were very open to working this way -- allowing me to keep track of how things were going as we went through the process. And, one more thing about Robert, I did not know him prior to doing this refi. I found him to always be quite helpful and very professional. It was a pleasure to work with him. I`m very happy that I decided to go with Fidelity Residential. I would certainly go with them again!
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I couldn't be more impressed with Fidresi. They exceeded my expectations and made the process exceptionally easy. Not only were their rates and fees extremely competitive but the staff is very transparent so there were no surprise fees unlike other estimates I had previously gotten. The staff goes above and beyond to ensure that you close. Rob had responded to a question I had while he was on vacation and Shaindy was able to hunt down a form I needed from my condo HOA. Another plus for me was the level of technology that the staff was comfortable using. The application can be done online, forms can be scanned, and if your preferred method of communication is email they respond quickly. I would use Fidresi again in a heartbeat!
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How Fidelity Residential works
Home loans offered include fixed and adjustable rate options, FHA, VA, USDA mortgages and more.
Interest rates vary between loan types and we offer a variety of closing cost options to fit your needs.
Fixed Rate Loans
Fixed rate mortgages have interest rates that remain the same throughout the life of the loan. While 15 and 30 year.Read more
FHA loans are mortgages issued through the Federal Housing Authority (FHA) to help people who have imperfectRead more
VA loans are home mortgages backed by the U.S. Department of Veterans Affairs as a benefit for qualifying .Read more
Low or no down payment, no monthly private mortage insurance, flexible credit guidelines .Read more
Cash Out Refinances
If you have more than 20% equity in your home, you may be eligible for a cash out refinance A cash out refinance.Read more
Adjustable Rate Loans
Adjustable Rate Mortgages (ARMs), also known as variable rate mortgages, have interest rates that adjust.Read more
No Doc & ALT Doc Loans
Being self-employed does not mean you can't get home financing. You do not have to submit any tax returnsRead more
Commercial loans are typically secured by businesses and while they are mostly fixed rate some small businesses.Read more
Our construction loan clients value the fact that they can take a single loan out and keep the financing simple.Read more
Real Estate Investment Loans can be used for many purposes including paying off existing debt obtaining cash .Read more
It is important to realize that there is not one interest rate, but many interest rates!The rate offered to a bank's best customers
You have a 30-year fixed loan at 8.5%. A loan officer calls you up and says they can refinance you to a rate of 8.0% with no points and no fees whatsoever.
PMI or Private Mortgage Insurance is normally required when you buy a house with less than 20%
A pre-qualification is normally issued by a loan officer, who, after interviewing you, determines the dollar value of a loan you can be approved for. However, loan officers do not make the final approval
Points are interest fees paid on a loan that reduce your monthly interest rate by requiring prepayment of a small percentage of the total interest due.
People also refinance to convert their adjustable loan to a fixed loan. The main reason behind this type of refinance is to obtain the stability and the security
If you have bad credit, you may not qualify for a conventional loan or low down payment loans offered by FHA and VA.
First of all, let's make sure that we mean the same thing when we discuss "mortgage insurance." Mortgage insurance should not be confused
An adjustable rate mortgage, or an "ARM" as they are commonly called, is a loan type that offers a lower initial interest rate than most fixed rate loans.
The APR is a very confusing number! Even mortgage bankers and brokers admit it is confusing. The APR is designed to measure the "true cost of a loan."
The longer the length of the lock, the higher the points or the interest rate. This is because the longer the lock, the greater the risk for the lender offering that lock.
Mortgage interest rate movements are as hard to predict as the stock market and no one can really know for certain whether they'll go up or down.
Your loan can be sold at any time. There is a secondary mortgage market in which lenders frequently buy and sell pools of mortgages.