Caveat emptor…

Interest rates fluctuate, sometimes on a daily basis, and positioning of lenders in the marketplace also changes. It is important that consumers review advertising carefully as lenders will generally quote low rates when published for public consumption. The hazards of such advertising are camouflaged costs and/or surprise endings. Many of the regulations enacted over the last few years were created to curb these pervasive bait and switch practices.

Preceding this regulatory change was a lending philosophy that offered guarantees instead of estimates. The J. Berman Group was an early advocate for guaranteed closing costs upon lock-in. Back in 2008, we rolled out our OneFee program which guaranteed a total closing cost estimate at lock-in. Any additional expense that wasn’t disclosed would be paid by us.

Two years later, the industry has shifted and embraced our form of disclosure. Not wanting to remain status quo, we too have evolved.

Our Guarantee

Beginning January 1st, 2010, disclosure regulations have changed the way we price loans. Contrary to chartered banks, which do not disclose hidden profit to the consumer, we commit 100% of all back-end lender credits to your closing costs. In addition, all interest rate incentives are passed on to you, our customer.

It’s simple, The J. Berman Group will always be able to beat prices offered by another Bank or Savings & Loan.

Every day, we shop interest rates and discount points with dozens of lenders online. This ensures that we are able to offer you the best overall price across a broad variety of products with several lenders. Our lending network makes comparison shopping easy.