Hi, Welcome to the Best Loan Officer.
I am a seasoned mortgage professional that has been doing mortgage loans since 1996. In today's challenging lending environment, I have the knowledge, resources and commitment to guide buyers through a difficult process and make it look easy.
I understand how to access innovative mortgage products for buyers whose credit, income, and employment history don't fit the "cookie cutter" approach. I am very tech savvy and communicate well with my clients and quickly returns phone calls, emails, and texts. I also have an innate grasp of numbers and concepts and always help my clients reach a correct conclusion for their mortgage needs. I always have my clients best interest in mind.
In life, you need professionals you can trust with major decisions. You need a great doctor, lawyer, financial advisor, spirtitual leader and mortgage advisor. Since most peoples homes are one of their biggest investments, it pays to work with a knowledgeable professional. I would like to be the professional you choose to help you with your mortgage needs.
Michael Trahan - The Best Loan OfficerGET A CONSULTATION
Conventional loans are loans not secured by a government entity. More commonly knows as Fannie Mae and Freddie Mac loans and...Learn More
More commonaly knows as FHA, VA or USDA loans, these are loans that are made by private lenders but backed by the US government...Learn More
Constructions loans are available for borrowers looking to build their own home or builders needed cash to build homes, apartments...Learn More
Non prime loans are what are used for temporary situations where the borrower needs to fix something in their credit history or has a unique...Learn More
Hard money loans are for borrowers with unique needs, whether it is needing cash to do fix and flip investment properties or with...Learn More
These loans are for unusal properties, borrower needs and loan programs where the borrower is otherwise qualified under conforming credit...Learn More
Below are current average loan rates. While loan rates are important, they are usually the last thing an informed consumer should ask about. To start off with, when you see interest rates on other websites, those are posted for people with perfect credit, 20% down payment, on their job for 2 years or more, have low debt to income, good assets, a single family residence and will close within 30 days. 99% of my clients don't meet that criteria. As your mortgage expert, the last thing we will discuss is the interest rate. What we will focus on is the total cost of the loan over a certain period of time and what your short term and long term financial goals are. If you tell me what rate you want, I will tell you what it will cost to get it. Mortgage rates move all day long, just like the stock market, so unless you are ready to lock your loan the moment you see a rate advertised, it can change in minutes. If you call a bank or mortgage company and they quote you a rate without knowing anything about your financial goals, hang up and call me.
Wondering how it all works? Here are a few of the criteria we take into account.
Every lender wants you to have some of your own cash in the deal. The more cash or equity you have, the more favorable the terms are.
There are home loans available with NO money down, while investment properties and commercial property loans will require a down payment or equity.
The better your credit score, the easier it is to get a loan. I work with less than perfect credit borrowers. I understand life happens
and never judge anyone about their credit scores. If you have less than perfect credit, I will be happy to help you improve your credit score. I have access to some incredible tools that will show you an exact path to getting your credit score higher, resulting in more favorable terms from a lender.
Obviously the lender wants to know how you are going to pay them back. For a home mortage, how long you have been on your job,
what you do for a living will give the lender comfort that you have the ability to pay the loan back. There are several loans that will allow you to use your college degree as 'job history'. An example is someone that just graduated from college with a degree in nursing. As long as that person got a job in that field and an employment contract, we can use that for income. For self employed borrowers, as little as one year self employment may be enough to qualify for a loan.
Sometimes people ask why lenders care about your debt to income ratios. The answer is if you have too much debt, you may not be able
to payback the loan or you may end up as they say 'house rich and cash poor'. I have clients think the lenders are being tough on them, but in reality, the lender is your best friend. They are trying to keep you out of trouble financially. They want to loan money to people that can pay it back. If they deny you, we should look at your current financial situation to see what we can do to achieve your financial goals.
We have been a client of Mike's for over 20 years. He helped us finance several of our properties including the construction loan and the permanent mortgage on our current home. He is extremely competent in his profession and we always trust his advice.
Mike always reviews my loan information and keeps me informed of where I can save money on my loan. He always looks out for my best interest and has saved me a ton of money.
As a first time homebuyer, Mike took me through the home buying process and explained all of my loan options and the benefits or negatives of each loan. He held my hand the whole way through from the loan application to the closing. If you need a knowledgeable loan broker, Mike will have your back.
As an real estate investor, Mike has always been able to take me through the myriad of financing options available for investment properties. He is an Excel guru! I have never seen someone so detailed with numbers. He always makes sure that I am doing the right loan for my investment needs.
As your expert mortgage broker, your best interest is always on my mind. I like to keep my clients for life. The only way to do that is to offer exceptional service plus knowing that I am your trusted advisor when you need mortgage advice.
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