Q: Could Mortgage Grade®r be described as a low cost trusted advisor, similar to a fee only financial planner?

A: Yes, that is a good description. Different states view our service differently. As a matter of law in California, for example, we are licensed as a real estate broker, regulated by the Calif. Dept. Of Real Estate License # 01144024.

Q: What’s so different about Mortgage Grader® than the internet sites that list lenders and their rates?

A: Those internet sites show retail prices. Mortgage Grader® reveals the same wholesale prices that Mortgage Brokers receive. (Similar to receiving the auto dealers’ car cost before you go car shopping). Our objective is for you to see our markup is exactly the same, regardless of which lender you choose.

Q. Any other differences?

A: Yes. We give you all encompassing pricing based upon your personal reality – from down payment, fico scores, income, debts, rate-lock period you’ll need, etc. Those other sites tend to display a general one price fits all that is only a guess without having any meaningful prior knowledge about you.

Q: Isn’t Mortgage Grader® empowering mortgage shoppers to do true side-by-side comparisons in order to make very meaningful decisions, cost saving and time saving decisions?

A: Yes. Out of the multitude of lenders we use, you will know which lender in our network has the best price on the exact loan you are seeking in one easy session.

Q: Do you share or sell all of my personal and private information to whomever you choose in exchange for me getting competitive lender and mortgage broker bids?

A: Never. We are your information gatekeepers. Under our agreement with you, you will know exactly what the rate quotes are and exactly who the lenders are. Only with your permission, we will release your information only to the exact lender that you choose.

Q: Can you really hide my identity, showing me the best priced wholesale lenders in your network with just one credit report being run?

A: Yes. No lender knows who you are until we deliver the loan package to them.

Q: Once I pick a lender and direct you to submit my loan for approval, will they run a separate credit report?

A: It depends on the lender. Some will accept our credit report, others may, for their own quality control purposes, recheck your credit with a separate inquiry, (a more common industry practice).