RWM Mortgage Presents the:
"One Fee Mortgage"
Your excellent credit deserves excellent rates and low fees.
The "One fee mortgage" brings simplicity to getting a mortgage. We post our lender's lowest wholesale rate on our website for each loan program, so you get the lowest rate we can get you with no extra markup added. Then we post a "one fee" dollar amount by purchase price/appraised value that includes all closing costs and our commission. You simply add the cost of your homeowner's insurance,pre-paid interest and escrows for taxes and insurance, we cover the rest. The example below shows you how simple it is to price a loan at RWM Mortgage LLC:
Sales price: $300,000
Loan amount with 20% down: $240,000
Step One: Go to the "Rate Sheet" tab at the top of this page and get the rate for your loan.
Step Two: Go to the "Fee Schedule" tab at the top of the page and get the "one fee" cost according to your purchase price/appraised value.
"the one fee" means we cover lender fees, attorney fees, recording fees, title insurance premium,All fees really.
Step Three: Just add the cost of your homeowner's insurance and your escrows and pre-paid interest. (pre-paid interest will vary depending on the day you close)
If you need help with an estimate for the taxes and insurance escrow or pre-paid interest, we can help you with that as well. We can also suggest a good local insurance company for a quote.
If you would like us to pay the "one fee" in the rate, you can call or e-mail us and we will get you that rate right away.
Why did we create the "one fee mortgage"?
Rick Morgan, the founder and owner of RWM Mortgage LLC. spent 12 years in the car business. In the early 1990's manufacturer's begin to disclose the invoice prices dealer's paid for cars to online services and publications such as Edmonds.com and Consumer Reports. This move gave car buyers access to information that put them in a strong negotiating position when they arrived at the dealership. Because car buyers knew the dealer invoice, dealerships were forced to improve their customer service and shopping experience and concentrate on helping car buyers select the best vehicle for their needs. Car buyers can now concentrate on selecting the vehicle that is best for them, knowing they have the information they need to ensure they get a fair price.
The "one fee mortgage" concept was created from lessons learned during Rick's experience in the car business. By providing the customer with the lender's wholesale rate and one fee that includes all closing costs and commissions, the client no longer has to sort through a confusing stack of offers with varying rates,origination fees,points and junk fees. With the simplicity of the "one fee mortgage" the client can now concentrate on making the right mortgage choice, and we can concentrate on offering our client the advice they need to make sure that the mortgage they choose will fit into their overall financial goals.
You must compare our rates on Jumbo loans and loan amounts over 200k, we don't think you will find a lower rate and fee combination anywhere.
We just believe that you shouldn't have to pay a lot more just because your loan amount is greater.
We think that excellent credit deserves excellent rates and low fees.
We can offer these low rates and fees becuase of our low overhead, and the fact that good credit borrowers take less time to process.
We are the only lender that offers superior advice and the most competitive rates in the market.
All of our advisors are Certified Mortgage Planning Specialist. (click on the "What is a CMPS" tab on this website to find out why we believe this certification is so important)
Click on the Cost Schedule and Rate Sheet tabs of this website to get your "All fees included" mortgage quote.
Need a commercial loan? Be sure to visit our commercial mortgage tab for information on our outstanding product choices.
