
Jefferson Mortgage Group LLC - Mortgage Specialists
Mortgage broker in Monterey, Indiana
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0 Reviews
Reply from the business:
Feb 16, 2023Thank you, Vickie. It was a pleasure doing business with you.
I am an incredibly happy customer after just receiving a Reverse Mortgage through Jefferson Mortgage Group. George was extremely helpful and personally guided me through each and every step along the way. Though I've had mortgages before, I've never dealt with a bank or a mortgage broker that was as knowledgeable, thorough, and effective as he was. Unlike many of the sales people at the big national reverse mortgage companies, George knows his business inside and out and has contacts he can personally call to make it happen. I was the beneficiary of his vast experience and I could not be happier. Ten stars!!
George and Jefferson Mortgage has been nothing short of amazing. He helped me with a refinance of a second property that is saving me a substantial amount of money AND a reverse mortgage for my parents. He has a pragmatic approach to the business. His patience coupled with his knowledge and intelligence made everything go so smoothly. George was so helpful dealing with my parents’ reverse mortgage-something I knew nothing about until he took the time with both me and my parents to educate us and make us feel so comfortable. It gives me such peace of mind knowing that my parents are in such a better place financially. George is more that a mortgage broker...he is your advocate and true advisor!
I have been dealing with George Omilan and Jefferson Mortgage for many years. From a title company's perspective they have always been fantastic to work with. Very professional, very efficient, knowledgeable and always timely. At the closing table his clients seem to feel the same way as well.
George was very thorough while working with me. I had not applied for a mortgage since 2002 and the process had become much more complicated. George was patient and understanding in my trying to gather all of the numerous records that was required. The mortgage process has become very cumbersome and it takes a seasoned professional like George to navigate the process. Will certainly use and recommend George when choosing a broker in the future.
Stay away from this guy George who runs this chop shop. He initially comes across as a sharp individual who is capable of getting you a loan. He will string you along for several days and if he doesn't find a product he can put you in that will enrich him with fees, he will tell you that you don't qualify for anything that'd he want to put you in. He is a complete fraud and does not deserve your business in any capacity. He won't tell you any of the metrics of what he is working with and what you actually qualify for. His gate-keeping around the products he offers, is very obviously for his own financial benefit. I wouldn't trust this guy to finance a trip to the zoo.
Reply from the business:
Aug 16, 2019There was a misunderstanding regarding program guidelines and pricing as it related to this individual's debt to income calculations based on cash flow derived from business bank statements. If the debt to income is 43 percent or less, the mortgage offerings and pricing are much better than the alternative program that goes up to a 50 percent debt to income. Add a borrower that owns multiple properties and the scenario gets more complicated based on what the lenders will allow. I apologized for any confusion or miscommunication and reconciled with this individual. At the end of the day I was able to get this person qualified but I was not able to achieve this goal in conjunction with leveraging up other properties with new cash out mortgages and there was also significant revolving debt that hampered my efforts. I think it is important to understand that mortgage professionals don’t make the rules but rather work to find the right loan program fit and follow the rules and there in lies the problem. I am not in a position to guarantee anyone the exact loan they want. It is my job to do my best to get them qualified. I worked hard for this individual and I have offered a program that will meet the objective, albeit at a higher rate set by the issuing lender.
Through the process of working with Jefferson Mortgage I gained a real understanding of what a reverse mortgage (HECM) is and how it can be a very valuable tool in an overall financial plan. Jefferson Mortgage worked very patiently with me and my mother to make sure we understood exactly what her options would be in getting a HECM and how the process would work. Now, with her HECM in place, my mother can more comfortably live on her retirement income without the financial stress she was previously under. AND she can stay in the home she just finished fixing up to her liking!!
I highly recommend Jefferson Mortgage Group for their expertise with reverse mortgages. They have helped several of my clients in Virginia pay off their mortgages and add stability to their retirement plans with the addition of a reverse mortgage. I have also known and represented the main principal, George Omilan, as his company’s CPA and advisor for the past twenty four years. He is honest, hard working and dedicated to helping his clients.