Best Mortgage Brokers in Cranston

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Jonathan Boukarim logo
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License: 1892952

Nationwide Multistate Licensing System and Registry

Jonathan Boukarim

21 Trafford Park Dr, Coventry, RI 02816
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  • Refinance

Business Description

Jonathan Boukarim is a mortgage loan officer for Barrett Financial Group, LLC, who caters to clients throughout Cranston and the surrounding areas. He walks clients through the process of applying for a loan, whether they are refinancing or buying their first home. Loan products include conventional, FHA, jumbo, USDA, and VA loans. Also available are reverse mortgages for clients aged 62 and older. Boukarim has been described by his previous clients as attentive and responsive, even walking clients through the closing documents with the attorney.

License Verified:

License: 1892952

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 (22)
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5.0 / 5 (20)

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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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Nick Principe logo
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License: 1537716

Nationwide Multistate Licensing System and Registry

Nick Principe

​432 Atwood Ave., Cranston, RI 02920
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  • New Construction

Business Description

Nick Principe is a branch manager with Princeton Mortgage who caters to residential property buyers and owners across Cranston and nearby areas. He offers customers various mortgage loan products, which include conventional, FHA, USDA, and VA loans. Principe also provides customers with HomeReady, Freddie Mac Home Possible, and Home Possible Advantage mortgages. The loan process involves getting pre-qualified, processing the loan application, underwriting, and issuing a closing disclosure. Princeton Mortgage has been serving customers since 1973.

License Verified:

License: 1537716

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.
5.0
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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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