With so many questions, we've simplified finding particular questions by categorizing them. Please choose a category from the following :
> Our Services
Loan Process
Mortgage
Real Estate / Buying Your Property
Here are some general common questions you may find helpful :
What sort of financing do you do?
We provide customized financing options depending on our clients' unique situations. We help clients buy real estate, we help clients refinance real estate, and we help clients invest in real estate. Whether it is a house, a duplex, an apartment complex, or a commercial property, we have the wholesale lenders and the extensive experience to find you the right lender and the right financing.
You may have ideal circumstances -- great credit, stable income, verifiable assets, or you may have a unique situation with not-so-perfect credit, a recent divorce, no assets. We find the best loan options for you and work with you to take that big step forward towards buying a piece of real estate. To read a more comprehensive list of available loan programs and their descriptions please refer to our mortgage section in our Library.
What types of properties do you do financing for?
We finance all types of properties including those considered residential, those considered commercial, and those considered investment. For a more detailed breakdown:
Residential includes homes, condos, townhouses, manufactured homes, vacation homes
Commercial includes office buildings, strip malls, warehouses, parking lots, etc.
Investment includes investment homes, duplexes, triplexes, fourplexes, apartment complexes
How much do you charge for your services?
Almost no brokers, brokerages, or mortgage companies will openly divulge this information, claiming that each client and loan is negotiatiable and unique. What does that mean? That means where one person can negotiate the mortgage consultant to charging 1 point or 1%, it is just as common that the next person gets charged 2.5 points of 2.5%. You have probably heard of the nightmares of brokers and lenders charging anywhere from 2 to 4 points -- your hard-earned money straight into their pockets.
At Simpluxe we agree that every client and every individual's situation is unique, however that does not mean that our prices should unfairly fluctuate. We provide all of our clients with a first class level of service, a streamlined process, and a premier mortgage experience. Because we are always setting our goals to break standards and provide you with the best, we have a standard mortgage fee of 1 point of your loan or 1%, no more, no less, guaranteed.
Do you charge an application fee?
No. For some banks and brokers, an application fee is a standalone fee to compensate the loan officer for time spent in the preliminary stages of the relationship with the client. This is generally in case the application does not go through or the client backs out. For other banks and brokers, an application fee is a fee that in addition to the standalone fee mentioned above also includes the expenses of appraisals, credit reports, and other third party reports that must be generated for the lenders.
To avoid charging an application fee we do not request for an appraisal to be done until we have received the loan approval and have begun the mortgage application process entirely. We do however pull your credit report, but we do this in good faith that the client will not back out later in the process. All other third party fees will be charged accordingly through escrow rather than through an additional application fee where you are charged even more for services.
Can you do loans anywhere in the United States?
Unfortunately at the moment we can only provide residential (e.g. homes, condos, townhomes, vacation homes, small investment properties) mortgages in California and Nevada. However, we are constantly working on expanding our lending horizons. We are currently working on expanding our services to New York, Texas, and Florida.
On the other hand we can provide commercial (e.g. apartment complexes, office buildings, strip malls) financing in all 50 states.
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