March 23, 2020
Strengthening our Community through Communication
Our Team in West Asheville are here to help. We are doing our part of social distancing by working from our home offices and taking appointment only visits in office. Please call and leave a message, 828-348-1907 to make an appointment. We will return all messages ASAP.
The spread of COVID-19 and its expected impact on world economies has created stock market turmoil, unprecedented bond rallies, and the lowest mortgage rates on record.
You’ve seen the empty shelves that once displayed anti-bacterial soap and hand sanitizer, right? The rush on mortgage loans is just as dramatic for the home financing industry.
Every morning we discuss how can we help our community through open and honest dialog. We are here to address the concerns of our Clients, Real Estate Agents and Mortgage Partners. We want to support the community we are a part of and make our Asheville Family stronger through education about the current state of the bond market.
Now is the time that living our Mission Statement is of the utmost importance.
Provide holistic mortgage planning for every customer
Offer simple, strategic solutions for all homebuyers
Supply reliable services for real estate investors
Educate the public on the mortgage process
Keep the mortgage process simple for all customers
Inform real estate agents of the latest mortgage news
How can you help with your loan?
Be patient. The influx of demand is felt by service providers throughout the loan process, including appraisers, title agents, attorneys, loan processors, underwriters, county clerk’s offices, and more. It’s possible the system will become strained and the process will take a little longer than normal.
Be aware. The sudden rush of refinance activity can carry unseen costs for lenders. They may pay penalties when a loan is refinanced earlier than expected or sustain a loss when rates shift suddenly after customers have locked.
As a result, lenders may act conservatively to protect your rate lock and the cost of possible extensions. We expect to pay more for insurance policies that cover higher risks. Similarly, longer locks may carry a cost or marginally higher rate than you see in the news.
How can you avoid delays?
You’ve heard the real estate cliché about location, location, location? When getting a loan approved, think “documentation” instead! If you have questions or experience problems, please talk our team first.
Together, with good communication and documentation, we’ll get your loan though the process as quickly as possible!
Strengthening our Community through Communication
As Always Thank You,
The GoPrime West Asheville Team
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How we can help you
Although labeled an independent mortgage lender, GoPrime Mortgage, Inc. is not a one-man operation. Zachery Adam and his Team has the support of a streamlined operation, with professionals who assist in every phase of the loan process. His team includes an appraisal vendor, loan processors, underwriters, closers and even the CEO or president if needed. When you choose to work with Zachery, you get the support of his team as well.
It’s important to Zack that he and his team are approachable and can provide assistance to home buyers who are often inundated with misinformation about the financial picture and mortgage options. In an automated culture reliant on digital communication, it’s time to put the human element back into these conversations. He could never be behind the scenes.
Let's Get Started
862 Haywood Road Asheville, NC 28806