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Where do I start?
Before you make an offer on your dream home, give us a few minutes of your time for a FREE consultation. We can show you how much you can afford, the down payment needed (if any) and answer any questions you might have.
What do I need to provide?
In most cases, you simply need to submit a few documents for the process to begin. For some situations, you won't need to submit anything. Contact us for a list of what's required.
How long does it take to get approved?
Much faster than you might think. We can give you an answer more quickly than many of our competitors. Contact us today to find out.
Do I need a down payment?
Down payment requirements vary from loan to loan. We offer many programs with very low down payment features and can show you all your options.
Can I use a "gift" as a down payment?
Yes, money you receive as a gift may be used as a down payment, but there are certain restrictions. We can tell you what they are and how you can benefit most.
Should I choose a fixed rate or adjustable rate?
To be brief, fixed loan rates offer consistent and stable terms you can count on over an extended period of time, making monthly budgeting easier. Adjustable Rate Mortgages (ARM), on the other hand, offer outstanding rates but can be unpredictable. Therefore, deciding which program is best for you depends on how long you plan on staying in your home, your risk tolerance, and several other factors. We can guide you to the most suitable choice for your circumstances.
Should I buy points?
That depends on your goals. Points are money you pay upfront in order to lower your interest rate. The length of time you plan on staying in your home determines whether buying points makes sense for you. For your convenience, we have an easy-to-use formula to help you determine which choice is best for you.
What is an ARM?
ARMs (Adjustable Rate Mortgages) can allow you to get into the home of your dreams by offering you a significantly better interest rate than a fixed rate loan. But rates for ARM loans can also fluctuate upward, dramatically increasing your interest rate and your payment. Ask us how to determine if an ARM is right for you.
What are closing costs and how much will they be?
Closing costs include appraisal fees, title insurance and other fees concerning the transaction. The amount depends on various factors, which we would be happy to explain to you in detail.
How long does it take to close on my loan?
Generally, 30 to 60 days after your application has been submitted.
What is PMI and do I need it?
PMI stands for Private Mortgage Insurance. This insurance is typically required on loans where the down payment is less than 20%. Contact RWMI to learn about options that can help you avoid Private Mortgage Insurance costs.
What is earnest money?
This is a deposit to demonstrate your commitment to purchase a property. A seller will place this deposit towards your downpayment.
What mortgage or loan amount can I qualify for?
The general rule of thumb is that your total monthly housing expenses amount to less than one-third of your monthly gross income. Because this changes depending on the loan program you choose, give us a call to find out more.
What is a No Income Verification Loan?
As the name implies, this loan does not require you to verify your income since only your position and length of employment are checked. This is a popular loan for those who cannot or do not want to provide tax returns or pay stubs. It's frequently chosen by those who are self-employed.
What is a NINA (No Income No Asset) Loan?
No proof of income or assets is required for this loan, allowing borrowers to bypass traditional lending guidelines. To see if you qualify, contact us today.
What is a credit score and how do I find mine?
A credit score is simply a rating of your credit worthiness based upon how you've used credit in the past, whether or not you've made payments on time, how long you've used credit, etc. The higher your score the better. We can help you find your score with a free copy of your own personal credit report! Be sure to ask us right away. Click here to learn the Credit Basics
What's a credit report?
Your credit report is a snapshot of your credit history, revealing how you've used credit in the past, which determines your credit score.
If my credit score is low, how can I improve it?
Pay your bills on time, limit your credit card balances to 50% of the maximum limit and don't apply for credit frequently. For more helpful tips your may Click here to learn the Credit Basics or give us a call for an immediate evaluation.
What does it mean to lock in my interest rate?
As you've probably seen, interest rates can fluctuate daily. By locking in a rate when it's low, you can safeguard yourself from sudden rate spikes that could cost you thousands of dollars over the course of the loan. The rate you lock in is the rate you keep.
Client Video Testimonials
Client Written Testimonials
"We have used Shanne to refinance our home several times and to purchase another. We are always confident that he is working on our side and is definitely a man of integrity. He is knowledgeable and quick to respond to any questions or concerns. We don't even think about calling anyone else!!"
- John and Marilyn R., La Mesa, CA
“I worked with the Mortgage Planners, particularly Shanne Sleder, in 2010 on buying my first home. Shanne made the process much less painful than it could have been. This company is very personable, and spelled everything out for me so I could understand. Between my budget changes, falling out of escrow, and my constant badgering emails, Shanne was always there to respond even afterhours. Going with a company like the Mortgage Planners was the best option for me, it was a personal experience, and I only dealt with one person the entire time. They are a responsible company and looked out for my best interest; I would definitely recommend this company!”
- Kaelyn W., Spring Valley, CA
“Shanne, I was fortunate to work with you for my home loan. You were committed to doing the best job possible for me. You provided me with great customer service – you answered all my questions, were extremely responsive to all my calls and concerns, and worked diligently to get me an exceptional interest rate on my loan. As amazing as it seems, everything went extremely smoothly and on-time with my closing, thanks to you. You are very knowledgeable in your field and certainly earned my confidence as an advisor who helped me achieve my personal goals – I got my dream house! I will continue to highly recommend you to others.”
- Beverly K., Carlsbad, CA
“If you are looking for a mortgage, you don't need to look any farther than The Mortgage Planners. We have worked with Shanne to refinance our home, and more recently, to purchase a new home. The purchase of our new home was a very complicated deal, and not only did Shanne secure an extremely competitive rate, he went to bat for us numerous times throughout the process to make sure our loan closed in a timely way and without extra hassles. In this day and age, it's rare to find someone who returns your calls and e-mails quickly, but Shanne consistently went "the extra mile" to provide outstanding service. We highly recommend Shanne and his staff!"
- Kim C., San Diego, CA
“We appreciate so much the work you did on our refinance. Thank you for watching out for our own interests and the hours you put in. We were incredibly impressed with the level of customer service offered as well as your extensive knowledge and expertise. We would highly recommend The Mortgage Planners to anyone looking to purchase or refinance. They have definitely won our business for life!”
- Geoff and Danica M., San Diego, CA
“Shanne, thank you so much for helping us with our mortgage! It was great to work with you and so reassuring to work with someone we trusted. Thanks for all your hard work – we will definitely recommend you to others.”
- Austin and Anna N., Poway, CA
“Thank you so much for all your help with the purchase of our new home. As first-time home buyers, Brenda and I were pretty intimidated going into the whole loan process. Then we met with you and felt completely comfortable every step of the way from the prequalification to the offer, inspections, appraisal, calculations of property taxes, insurance, and points, you were there advising us and coordinating all of the numbers with the escrow company so Brenda and I didn’t have to do a thing. We felt so good knowing you were taking care of us. You can be sure we’ll be introducing all of our home-buying friends to you.”
- Chris and Brenda H., San Diego, CA
“Shanne was great to work with - he restored our faith in mortgage companies! He is very courteous and quick to respond to emails and calls. We spent years trying to get our loan refinanced and Shanne was finally able to make it happen - what I like best is that he made no promises (which given my mortgage broker experience up to this point, I wouldn't have believed any way) and patiently answered all of my questions, some more than once. I can't recommend this company enough - I have, in fact, sent friends to the Mortgage Planners, and they have had the same experience as us.”
- Eric H., Temecula, CA
“Thank you so much for arming us with the knowledge to deal with people in the real estate field. Personally, I feel that through your services you may have steered us clear of some predatory lending scams, especially when you saved us from the nightmare that came about when I initially contacted Lending Tree. Thank you for equipping us with the knowledge to make wise choices throughout our home buying process. Thank you for everything you have done for our family.”
- Edward and Christina C., Escondido, CA
“Shanne, Cana and I wanted to take a moment and thank you for all your help, not only with our recent refinance loan but with our refinance several years ago. You have been willing to search out ideas for better solutions for our financial responsibilities. Your suggestions have been taken with interest and sincerity, knowing that you were honestly trying to do your best for us, and not just trying to “make a sale.” The one comment we have made to each other several times is “Shane will always do what he says he will do.” We also applaud your communication skills. You have listened to, and answered our questions openly, honestly and with an appreciated promptness. We will, without hesitancy, continue to recommend your services to others who are looking for any of the wonderful financial products you provide. Thank you for all your help and friendship.”
- Dale and Cana B., La Mesa, CA
“Dear Shanne, I will certainly refer you to my friends and family for any mortgage needs. It was a pleasure working with you. Thanks for all you did to make this happen!”
- Aurora S., Lakeside, CA
“It has been our pleasure doing business with you. Your help has been immeasurable. We thank you for all the hard work you have done for us. We will happily recommend you to anyone. Again, our thanks for everything.”
- John and Susan M., Lincoln, CA
“Karese and I utilized The Mortgage Planner's services to purchase our first home in Temecula. They were very helpful and we feel they worked hard to get us the best value possible. Their knowledge and expertise made our home buying process much easier.”
- Nick and Karese D., Temecula, CA
“We used Shanne last year to refinance our home. He was very professional, answered all our questions in a very timely manner, and always presented the best options avaialable to us. We started by contacting him about a HARP refinance but after he presented all options, we decided to do a traditional refinance. The rate he got us was extremely competitive and after we finally decided which path we were taking he worked quickly to get everything sorted in 1 week before we left for our vacation to Europe. Talk about accomodating our needs! We recommend him to all our friends and to you!”
- Kristie E., San Diego, CA
“Now that my new reverse mortgage has closed and has started working for me, I wish to commend you and your company on the professional and expeditious manner in which you handled this. For the first time in quite a few years, I feel like “financial freedom” has actually been realized, and I know my life will be considerably more worry free in the future. This is a tremendous vehicle for those of us seniors who are on limited incomes; it is truly a god-send.”
- Carolyn A., San Diego, CA
“I am a financial planner and I’m thrilled to have found Shanne Sleder over three years ago. Since then I have been referring all of my clients, friends, and family to him for their mortgage needs. What I love about Shanne is that he educates his clients on the available mortgage products, how interest rates fluctuate, and is knowledgeable about raising credit scores"
- Chris Huntley, President-Huntley Wealth
“Joe and I want to express our appreciation for all of the work you’ve done and for the time you have spent with us. Not only are you very knowledgeable, but also exceptionally caring and understanding of our situation. We always feel that you are supportive of our needs and well being above your own.”
- Joe and Barbara J., Escondido, CA
“We want to thank you for all your help in working with us to obtain our reverse mortgage. We were very pleased with the whole process from start to finish. You had a way of explaining things in a way that we could understand. Now that the required work on our house is completed and paid for from the reverse mortgage, we can be rest assured that we will not have any more financial worries in the future.”
- Carl and June D., La Jolla, CA
"We used Shanne to refi our house last year and he did a great job. He was very efficient and answered all my questions. We've used 2 other brokers from different companies before in the past, and Shanne was by far the best. Highly recommend this group!”
- Joanna M., San Diego, CA