Keller Williams Introduces ZeroPlus Mortgage

Keller Williams rolls out a new mortgage program created for buyers of Keller Williams agents.

The new Keller Williams ZeroPlus Mortgage is an awesome program for buyers that work with Indigo Skye Group. If you use Keller Mortgage, it can save you a ton of money when buying a home!

KW buyers pay no lender fees + they receive an extra $1,000 closing credit.

Keller Williams buyers pay no lender fees + they receive an extra $1,000 closing credit. Typical lender fees are 1–2%. On $300,000 that’s $3,000–$6,000; after another $1,000 credit that brings the total savings to $7,000, and the interest rate stays nice and LOW!

Buyers can use the savings to:

  • Qualify for a higher loan amount
  • Increase their down payment
  • Improve their offer price
  • Offset repairs
  • Buy new furniture
  • Pay moving expenses

Buyers can skip lender fees ONLY because they are working with a KW agent!

Obviously, for a seller who is also buying, they can use Keller Mortgage ZeroPlus too!  Just see your Keller Williams agent. Even if the buyer already has another agent, they can still use ZeroPlus through Indigo Skye Group as the selling agent and buy the house with the savings – making it easier for them to buy, buy more, or save money!

Types of loans ZeroPlus offers :

  • Conventional
  • FHA
  • VA
  • Jumbo loans up to $3,000,000

ZeroPlus offers 10, 15, 20, 30 year fixed rates as well as ARMs for primary residences, second homes, and investments.

…but wait, there’s more!

Thinking about refinancing?  ZeroPlus also offers the same benefits for a refinance.

For more information visit the ZeroPlus Mortgage website, or contact Janelle or Judy at the Indigo Skye Group.

Why Is There So Much Paperwork Required to Get a Mortgage?

Why is there so much paperwork mandated by the lenders for a mortgage loan application when buying a home today? It seems that they need to know everything about you and requires three separate sources to validate each and every entry on the application form.

Many buyers are being told by friends and family that the process was a hundred times easier when they bought their home ten to twenty years ago.

There are two very good reasons that the loan process is much more onerous on today’s buyer than perhaps any time in history.

1. The government has set new guidelines that now demand that the bank proves beyond any doubt that you are indeed capable of paying the mortgage.

During the run-up to the housing crisis, many people ‘qualified’ for mortgages that they could never pay back. This led to millions of families losing their home. The government wants to make sure this can’t happen again.

2. The banks don’t want to be in the real estate business.

Over the last seven years, banks were forced to take on the responsibility of liquidating millions of foreclosures and also negotiating another million plus short sales. Just like the government, they don’t want more foreclosures. For that reason, they need to double (maybe even triple) check everything on the application.

However, there is some good news in the situation.

The housing crash that mandated that banks be extremely strict on paperwork requirements also allowed you to get a mortgage interest rate around 4%.

The friends and family who bought homes ten or twenty years ago experienced a simpler mortgage application process, but also paid a higher interest rate (the average 30-year fixed rate mortgage was 8.12% in the 1990s and 6.29% in the 2000s).

If you went to the bank and offered to pay 7% instead of around 4%, they would probably bend over backward to make the process much easier.

Bottom Line

Instead of concentrating on the additional paperwork required, let’s be thankful that we are able to buy a home at historically low rates.