A mortgage broker will act as the liaison between you and our lending partners. Mortgage brokers typically earn commissions paid directly by the wholesale lender (and not the consumer) for closing your loan with them.

While some mortgage brokers only partner with 1-3 wholesale lenders, we’ve partnered with with over a dozen wholesale lenders so we know we are always finding you the lowest rate available for your scenario.

Many people make the mistake of thinking that their current bank will give them the best deal or continue servicing their loan after closing.

We have developed a relationship with over 16 wholesale lending partners (and we can price about 40 of them). With one credit pull (that’s good for 120 days) and a mortgage application, we can shop multiple lenders and rate options to find the loan to fit your needs, which saves you time having to fill out multiple loan applications with multiple lenders.

Upon receiving your loan application and required documents, we kick off with an initial consultation to understand your financial situation and goals. When your offer gets accepted by a seller, you continue working with us directly to close on your mortgage loan. We use our relationships with wholesale lending partners for locking your rate, disclosures, underwriting, and closing. We work for you as a consumer, representing your best interests and goals, instead of working for a specific lender where an originator may be limited to the options they can present you.

Plus, we perform only one credit pull (valid for 120 days), streamlining the process for your convenience. Please note - your credit is still monitored until closing. Opening any new debt may cause delays and change prequalification.

We specialize in a wide array of residential mortgage loans, catering to diverse needs and financial situations. Here's a breakdown of our offerings:

* FHA Loans: Ideal for first-time homebuyers or those with lower credit scores or multifamily (duplex, triplex, and 4plexes).

* VA Loans: Exclusively for veterans or active military members, offering excellent terms, can be used on 1-4 units.

* Conventional Loans: A popular choice for borrowers with strong credit histories, along with options for 1% down, 3% down, or 5% down (or more).

* Jumbo Loans: For financing properties exceeding conventional loan limits. 2024 conventional loan limits are $1,149,825 for Alaska, any loan amounts above that are considered Jumbo loans.

* USDA Loans: Targeted at buyers in rural and suburban areas where borrowers can put 0% down. This is a popular loan option in Palmer/Wasilla/Kenai peninsula areas of Alaska.

All our loan options are customizable to fit your unique requirements:

* Loan Terms: Choose from fixed-rate or Adjustable Rate Mortgages (ARMs).

* Repayment Periods: Options include 30-year, 15-year, or anywhere in between.

* Property Types: We finance single-family homes, duplexes, triplexes, and fourplexes (4-plex).

Whether you're looking for a loan for your primary residence, a second home, or an investment property, we have the expertise to guide you through the process.

We only originate residential mortgage loans for 1 to 4 units. We do not offer Home Equity Lines of Credit (HELOCs) or commercial loans for properties with 5 units or more.

Explore your options and start your journey toward homeownership or investment with confidence. Visit us at MortgagePL.com for more details and personalized advice.

For an accurate fees estimate tailored to a specific property, just ask us!

The average total closing costs are approximately 2-3% of your purchase price. Expenses might include points (can be fees or a credit based on your chosen rate), credit report & employment verification fees, title company charges (settlement fees, ALTA/Owner’s title insurance), recording fees, and prepaid expenses (daily interest proration, around 15 months of insurance, and 4-12 months of upfront taxes, depending on your Alaskan location). We do not have any 'lender junk fees' like processing, admin, or doc prep fees.

And legally, I have to advise you to get an official Loan Estimate to compare your fees.

Maybe one day but for now we want to stick to what we are good at. We know Alaska and all the Alaska quirks to get home loans done.

We love serving all of Alaska’s communities across the state. Here are just a few of the many Alaskan communities where we provide our services:

* Anchorage

* Chugiak & Eagle River

* Palmer & Wasilla

* Fairbanks

* Homer

* Juneau

* Ketchikan

* Sitka

* Kenai

* Kodiak

* Nome

Whether you're in these cities or any other location within Alaska, we're here to help you with your journey towards homeownership or real estate investment in Alaska.

Once you have a fully executed contract with the seller and we register your loan, yes, you will know who will be servicing your loan as they are the ones who are sending you disclosures to sign.

Once you record on your loan, your loan terms that you signed will not change (even if your loan gets sold to another servicer). With exception of taxes & insurance, which seems to always go up every year.

It's important to note that lenders have the option to sell your loan to another servicer or retain the loan. They might do so immediately or after a few months, or years, or decide to keep the loan for its duration. This practice isn't uncommon among lenders, including wholesale and local banks or credit unions—it's part of the industry.

Federal laws require mortgage lenders to notify you of any changes in advance.

We respect your privacy and do not sell your contact info. However, the three major credit bureaus operate as for-profit entities. When there’s a mortgage inquiry on your loan, they sell your contact information to any mortgage company willing to pay them. This has become a significantly bigger issue in 2023 when the rates are higher than they have been in years.

We take steps internally to prevent you receiving any solicitation calls when we pull your credit. While these efforts aren't foolproof, we strive to mitigate them.

What can you do?

This website helps reduce the number of calls you might receive (takes a couple of weeks to take effect):

https://www.optoutprescreen.com/

Sure am! If you're considering purchasing a duplex, triplex, or fourplex (4-plex), and are willing to occupy one of the units for at least a year, there are several attractive low down payment options available.

* VA Loans: Ideal for eligible veterans or active service members, VA loans offer a phenomenal 0% down option.

* FHA Loans: With just 3.5% down, FHA loans are a great choice, especially for first-time homebuyers.

* Conventional Loans: These loans require a 5% down payment and are a popular choice for many buyers.

Owner-occupying a multifamily property is an excellent strategy to kickstart your real estate journey. It's a savvy move for building long-term wealth, especially if you haven't already invested in a single-family home. However, if you own a single-family property, transitioning to a multifamily home will most likely require you selling your current home. This decision, while significant, especially for families with children, can be a game-changer in reducing living expenses and accelerating debt repayment. We recommend discussing this option with your family to make an informed decision.