I am affiliated with GENERAL MORTGAGE CORP., San Diego's most trusted mortgage firm since 1984. We have Direct Lending capabilities as well as established “broker" relationships with 113 "Lenders" nationwide. 

My office is located in Scripps Ranch, (near Mira Mesa just off of Highway 15) but I can meet with you at your home, your office, in your Realtors Office or at any other location that is convenient for you.

Upfront Mortgage Broker Agreement for Services

This Upfront Mortgage Broker Agreement for Services (hereinafter “Agreement”) is entered into this _____day of___________________, 2007, between Jack McKenzie, Loan Officer working for GENERAL Mortgage, (hereinafter “Broker”) and _______________________________________________ (hereinafter “Borrower”).

     Borrower and Broker agree to the following:

 1. Borrower requires a mortgage loan, and shall employ Broker to arrange that loan (hereinafter "Mortgage

     Loan").

 2. Borrower agrees to pay Broker for arranging the Mortgage Loan (hereinafter “Broker Compensation”).

 3. The amount of the Broker Compensation shall be:

     One Percent (1.00%) to One and One Half Percent (1.500%) of the loan amount and a $ 495.00 “Administration Fee”.

 4. Payment of the Broker Compensation shall only occur if Borrower obtains the Mortgage Loan, as

      evidenced by disbursement of the Mortgage Loan.

 5. The Broker will be the Borrower's representative or agent, and will endeavor to act in the best interests of

      the Borrower.

 6. Any payments the Broker receives from third parties involved in the transaction will be credited to the

     Borrower, unless such payments have been included in the Broker Compensation.

 7. The Broker will use its best efforts to determine the type of Mortgage Loan, features, and lender service

      that best meets the Borrower's needs, and to find the best wholesale price for the Mortgage Loan.

 8. The wholesale prices from which the Broker's selection is made will be disclosed at the Borrower's

      request.

 9. When directed by the Borrower, who has met the lender lock requirements, the Broker will lock the terms     

     (rate points, and other major features) of the Mortgage Loan. Broker will provide a copy of the written

     confirmation of the rate lock as soon as it has been received from the lender.

10. On or before the time of the rate lock, Broker shall disclose to Borrower the specific fees that will be paid

      to lender, including the amount of each fee (hereinafter “Lender Fees”). The amount of the Lender Fees

      that Borrower will pay at closing shall not exceed the amount disclosed by Broker.

11. If Borrower elects to float the rate/points, Broker will provide Borrower the best wholesale price available

      to Borrower on the day the Mortgage Loan is finally locked.

12. On third party services, such as an appraisal, processing fee or other services ordered by Broker but paid for   

      by Borrower, Broker may have the payment made directly by the customer to the third party service

      provider or paid by the Escrow Company through the closing process. Broker will provide Borrower with

      the invoice from the service provider at Borrower’s request.

13. This Agreement is not an approval of the Mortgage Loan, and there is no assurance that Broker will be able

      to arrange the Mortgage Loan.

In Witness whereof, the Borrower and Broker have executed this Agreement as of the date first above written.

Broker: X ________________________________________

Borrower(s) X____________________________________ X_____________________________________        

                     Signature                                                             Signature

I use an online application process which enables clients to fill out their application, at their convenience.  Please visit www.myhomeloanpage.com to get started.
If you wish we can meet together and complete the application face to face. This can be done at your home, office or at my place of business. 
Clients who have completed their application on line will have the advantage of saving the "GENERAL MORTGAGE Loan processing fee" of $495.00.

PURCHASE loans can only be "locked" once a home purchase contract is signed by both Buyer and Seller and the Buyer has provided the information required for the pre-approval used to support the purchase
After the purchase contract is signed, the timing of the "lock" is up to the Buyer, provided the loan is"locked" no fewer than 10 days prior to closing. 
REFINANCING transactions can be locked after the application is complete, and you have provided all required supporting documentation. The timing of the "lock" is up to the customer, provided the loan is "locked" no fewer than 15 days prior to closing.

Jack McKenzie guarantees the GENERAL MORTGAGE and Lender fees on the day that the rate is locked.  Provided that the loan is closed and "funded" prior the lock "expiration date", if any of these costs at closing are higher than those shown on the good faith estimate given to the borrower at the time the rate lock is confirmed, Jack will pay the difference.