Refinances Slow to Close? Not With Us

Refinances Slow to Close? Not With Us

With the massive run on mortgage refinances happening right now, many banks and mortgage companies are feeling the crunch.  Since many pundits predicted slow seasons for purchases and refinances, lots of smaller firms cut back on their staffs this year.


“Small and midsize U.S. mortgage firms,” said The Wall Street Journal in November, “are trimming staff, putting themselves up for sale and closing up shop at a clip not seen in years, a sign of the mounting pressure on the housing market as interest rates rise and a long economic expansion matures.”


The issue is that mortgage rates never really rose this year, and have continued to hover near record lows, surprising many industry analysts, with predictions off as much as 2% on mortgage interest rates.  That’s a huge number and saves you a ton of money.


With fewer loan officers available to help you, wait times will explode at many banks and mortgage companies if this doesn’t change. 


However, we didn’t panic when rates threatened to rise.  Instead of furloughs and layoffs, we doubled down and hired more staff.  We promoted from within to create new loan officers that understand the business from the top down. 


This has allowed us to not only keep up with the demand for refinances, but grow our team to grow and handle more volume as the year goes on.  The same volume that has sent banks scrambling lets us close a loan in as little as 14 days.


Our 5-Minute loan application has been a huge help there as well.  Since you can now load all of your documents online, there are fewer roadblocks to your application being approved and your mortgage being closed.


Call the best mortgage lender in Alabama, Mike Carey’s Alabama Loan Experts Team in Gulf Shores (901) 619-3665 or visit AlabamaLoanExperts.com to apply now. Alabama Loan Experts has the lowest rates on Conventional, FHA, Mortgage Refinances, Jumbo Loans, Debt Consolidation Loans, Rate and Term Refinances, Cash Out Refinances, and HARP Loans. We are also the exclusive home for Hero.Loan VA Mortgages and The Bank Statement Mortgage. We will come to you to close your loan. Nobody gets lower mortgage rates on better loans than Alabama Loan Experts.

Mike Carey

Mike Carey

As a mortgage professional with over twenty years experience, I understand the lending guidelines and keep up with the constant change in the industry. In my 20+ years of mortgage lending, I have helped thousands of buyers throughout the country. My specialties include all areas of lending from first time home buyers to seasoned buyers.

  • Close your loan in as little as 14-days
  • Day 1 Certainty simplifies the process
  • Customer service no one can match

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The Mike Carey Team – Offices Located in Foley and Orange Beach

316 McKenzie St., Suite 118
Foley, Alabama 36535

27250 Perdido Beach Blvd. #F3
Orange Beach, Alabama 36561