Buying a house is an exciting adventure, and we want to help you navigate your mortgage loan options so you get the right type of home loan with the best terms. I'm Jimmy Vercellino, an experienced mortgage originator with Phoenix lender Goldwater Bank Mortgage Division. My team and I work hard to provide a timely, efficient and excellent home loan process for you.
We serve families nationwide. A conventional mortgage loan is secured by the backing of a private lender, unlike FHA or VA loans, which are guaranteed by the federal government. Good credit, steady income and a 20% down payment means you will get a much lower fixed rate of interest.
We serve families nationwide. A conventional mortgage loan is secured by the backing of a private lender, unlike FHA or VA loans, which are guaranteed by the federal government. Good credit, steady income and a 20% down payment means you will get a much lower fixed rate of interest.
Services
His goal is to help you select a mortgage that integrates into your short and long-term financial goals as it relates to your home; he will manage your mortgage long term to minimize your expense and optimize your investment. Once you have found the perfect home and successfully negotiated a purchase contract, you can expect to hear from Michael.
Additionally, most mortgages are 30 or 15 years loans, although 25, 20 and 10 year loans are available. The advantages of a short term loan are less interest charged and higher payments, whereas a long term loan will require more interest although he payments will be lower. Because of this, a 15 year mortgage may have less than half the interest costs of a 30 year mortgage.
Mortgage refinancing follows a straightforward process, but it can get frustrating if you do not have the correct information before you decide to refinance your home. People refinance their mortgage for several reasons, such as lowering monthly payments, shortening the loan term, opting for more favorable terms and conditions, or taking advantage of the equity gained on the property.
Private mortgage insurance is often an important part of the loan process. In some cases, it can mean the difference of getting it approved or denied. It is also referred to as PMI. Learning more about PMI, and when it's required, can speed up the lending process and help you become an informed buyer getting the most for your money.
Those who have just entered the housing market and found the home of their dreams may be intimidated by the countless loan options available. Conventional mortgage loans are one of many home loans you can take to help finance your home purchase. Although it requires a sizable down payment and a high credit score, conventional mortgage loans may be the perfect solution for you.
Reviews (10)
Howard W.
Nov 21, 2021
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John Buchanan
Aug 24, 2021
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Megan Rose
Aug 21, 2021
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Jimmy and his entire team helped me pick up the pieces when my other lender sporadically fell through. They worked incredibly hard to get my loan funded and taken care in the small amount of time they were allotted before closing and they were kind, communicative, and very professional. I felt like I truly mattered to them as a client instead of just a number, and I can't thank them enough!
Bridie O'B.
Jul 24, 2021
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Combat Vet
Jun 24, 2021
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This my first negative review I’ve ever left on google. I understand everyone has their own experience but in my case, it was horrible. I was never taken seriously. According to Jimmy, I was not qualified but two weeks later, I qualified and bought a home for 350k. There is simply too much to explain. I’m a level headed person so I won’t make a review based off emotion. Just facts.
Barbara Acosta
May 20, 2021
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Jimmy and his entire staff provided excellent service.
It was a pleasure dealing with each and everyone of them.
Not only are they wonderful people, they are all competent and excel at what they do.
I’ve dealt with many other banks in my life and hands down, this was the best experience.
I would highly recommend them.
It was a pleasure dealing with each and everyone of them.
Not only are they wonderful people, they are all competent and excel at what they do.
I’ve dealt with many other banks in my life and hands down, this was the best experience.
I would highly recommend them.
Taylor Williams
Feb 13, 2021
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Jimmy and his team have been extremely easy to work with. He has helped me get a loan, finance and refinance our house within the matter of a year making the process extremely easy both times. Very knowledgeable and easy to talk to. His guidance and help made the process very easy for me (I had no idea what I was doing). Thank you Jimmy! I would recommend working him any day.
Alexandra Rusk
Feb 12, 2021
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If you are looking to purchase or refinance a home, Jimmy and his team are the perfect team to do so. Every member of the team has done an amazing job for our family, whether it was when we originally purchased the home or doing the refinance this year. Excellent customer service and fantastic work from start to finish!!!
Karin Koschek Fitzpatrick
Sep 05, 2018
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We had a great and amazing experience with First Choice Mortgage! The process was smooth and easy they helped us every step of the way. We were kept informed all along the way with updates daily and weekly. Questions were answered promptly and all explanations were simple and easy to follow. Everyone we dealt with was friendly and very pleasant. It was a joy to do business with First Choice Mortgage! Many thanks to the entire team! Chris & Karin Fitzpatrick
Lenny Bustillos
Jan 24, 2018
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