Best Mortgage Brokers in Goodyear

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License: 2130344

Nationwide Multistate Licensing System and Registry

Clear to Close Mortgage

16385 W Yuma Rd, Goodyear, AZ 85338
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  • Refinance
  • New Construction

Business Description

Clear to Close Mortgage serves clients in Goodyear and the neighboring cities. The company provides assistance to individuals wishing to apply for conventional loan programs from non-government agencies, such as banks and credit unions. It also offers government loan options, including USDA and FHA. Its team is available to serve veterans and their families who wish to purchase homes with low down payments, allowing them to achieve their financial goals and needs. The company also serves Spanish-speaking clients.

License Verified:

License: 2130344

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
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5.0 / 5 (8)
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5.0 / 5 (5)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
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Clear to Close Mortgage

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Frequently Asked Questions

Do mortgage brokers need to be licensed?

Yes, all mortgage brokers need to be licensed. Individuals need to complete a 20-hour class that goes over state and federal laws for mortgages and other important information. Next, individuals take the official test with the National Mortgage Licensure System.

Is it difficult to pass the mortgage brokers’ test?

Upon completion of educational requirements, you must pass the mortgage broker test to receive your license. It's a two-part test called the Safe Mortgage Loan Originator Exam, and it can be a bit challenging. Out of almost 87,600 national test-takers, 57% passed on their first attempt. The test includes both a state and national portion and requires a minimum score of 75% to pass.

What is a surety bond for mortgage brokers?

A surety bond is a legal contract that binds three parties — the obligee, the principal, and the surety. Surety bonds are typically required to receive a license for operating as a mortgage broker. When a mortgage broker gets a surety bond, it's a legal guarantee they'll perform their obligations to their customers as required by law.

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