NMLS: 250259
1900 Camden Ave Suite 101
San Jose, California 95124
(408) 340-7555
State Licensing Information: AR-250259, AZ-1036778, CA-CA-DOC250259, CO-100535556, FL-LO114930, GA-250259, HI-250259, ID-MLO-2080250259, KS-LO.0050105, MI-250259, MO-250259, MT-250259, NC-I-212333, ND-MLO250259, NV-73001, OH-MLO-OH.250259, OK-MLO30103, OR-250259, SC-MLO - 250259, TN-250259, TX-250259, WA-250259, WI-250259, WY-106521
As you embark on your homeownership journey, it's important to familiarize yourself with closing costs. These are fees that typically represent 2-5% of your home loan and are a standard part of the process. We're here to demystify closing costs for you, ensuring your...
When purchasing a home, one important step that homebuyers often overlook or delay is getting preapproved for a mortgage. Mortgage preapproval is a service provided by lenders that offers homebuyers a comprehensive understanding of their borrowing capacity, giving...
Premier Mortgage Resources, LLC is not affiliated with or an agency of the federal government. The material is not provided by, nor has it been approved by the Department of Housing & Urban Development (HUD), the Federal Housing Administration (FHA), or any Government agency.
All information contained herein is for informational purposes only and, while every effort has been made to ensure accuracy, no guarantee is expressed or implied.
This is not an offer to extend credit or a commitment to lend. All loans are subject to underwriting approval. Any programs shown do not demonstrate all options or pricing structures. Not all customers will qualify. Terms, programs, and underwriting policies are subject to change without notice. Some products or loan amounts may not be available in all states. Other restrictions may apply.
Refinances
By refinancing your existing loan, the total finance charge may be higher over the life of the new loan.
100% Financing Programs
The interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax deductible for Federal income tax purposes. You should consult a tax adviser for further information regarding the deductibility of interest and charges.
ARM Loans
After the initial fixed-rate period on an Adjustable Rate Mortgage (ARM) loan, your interest rate may increase periodically (annual or semi-annually) according to the market index. If the interest rate resets, your monthly mortgage payment may increase.
Lower Rates
Lower rates typically have higher closing costs in the form of discount points.
About HECM (Reverse Mortgage)
At the conclusion of the term of the reverse mortgage loan contract, some or all of the equity in the property that is the subject of the reverse mortgage no longer belongs to you and you may need to sell or transfer the property to repay the proceeds of the reverse mortgage from the proceeds of the sale or transfer or you must otherwise repay the reverse mortgage with interest from your other assets.
We may charge an origination fee, a mortgage insurance premium, closing costs or servicing fees for the reverse mortgage, all or any of which will be added to the balance of the reverse mortgage loan
The balance of the reverse mortgage loan grows over time and interest is charged on the outstanding loan balance.
You retain title to the property that is the subject of the reverse mortgage until you sell or transfer the property and therefore you are responsible for paying property taxes, insurance, maintenance and related taxes. Failing to pay these amounts may cause the reverse mortgage loan to become due immediately and may be subject to a tax lien or other encumbrance or to possible foreclosure; and
Interest on a reverse mortgage is not deductible from the person’s income tax return until the person repays all or part of the reverse mortgage loan
Reduced Documentation loans (No Doc, No Income/No Asset, Stated Asset, No Ratio)
These products may have higher interest rate, more points or more fees than other products that require more documentation, including income documentation.
Tax Exemption/Deduction
Any statements regarding tax deductions or exemptions are for information purposes only. Always consult a tax advisor regarding your specific tax situation.
Opinions
Any opinions expressed within blogs, videos, podcasts, interviews, presentations, or other online content are solely the opinions of the individual/author and do not represent the opinions or policy of Premier Mortgage Resources, LLC.
PMR is not a course provider and does not provide credits for any CE class.
Texas Complaint-Recovery Fund Notice
CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT http://WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT tel:18772765550.
THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMNT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEB SITE AT http://WWW.SML.TEXAS.GOV.
Jerry knows the industry. Very knowledgeable–was able to provide me with options and guidance as far which options made the most sense for me. Jerry operates with a 'client for life' mentality–I will always work with him for all of my mortgage finance needs. I recommend him without hesitation.
"Jerry has always explained things very well. He will go over all the paperwork if you are having trouble understanding any part of the loan process. We look to Jerry to provide us with honest & reliable information along with competitive rates and programs and have never been disappointed. He is always our 1st choice, if we need loan help. We refer him to friends and family without hesitation.”
Over the past 40 years of buying and selling real estate I have found Jerry Shumard to be the best. For the purchase of my last home in 2012, I asked my realtor for a good loan broker. He said he had recently found David and Jerry Shumard at American Financial Network, Inc. and strongly recommended them as the best he had ever used. I agree, Jerry and his team are focused on you as a customer and specialize in meeting your specific needs. I cannot say enough about how they walked me through all of the loan requirements making each step simple and well organized. Phone calls are always promptly and courteously returned. Jerry and his team are very professional and service oriented. I consider Jerry as my go-to-loan-guy and have referred a number of friends to his services. They have also had a great experience with Jerry and his team.
Jerry Shumard was the perfect loan officer for my wife and I. As new home buyers, we were unfamiliar with the process of purchasing a home but Jerry made the experience go very smoothly. He was always quick to respond to any questions we had and he went the extra mile for us when it came time for us to close. We liked him so much that when it came time to refinance our loan we knew that we wanted to go with Jerry. Once again, he made the refi an easy process. My wife and I highly recommend Jerry Shumard!
Jerry was very knowledgeable and he and his team worked extremely quick to ensure that closing took place on time. They were even ready before closing. He kept everyone informed and communicated to all parties.
I've closed numerous transactions with Jerry and his team. They have included purchases and refinances. He's always followed through on his commitments and provided expertise in securing the proper loan for both residential and rental properties.Jerry is a first class individual. Highly recommended.
I have worked with Jerry for the last 15 years. He's provided me with financing solutions that fit very well with my situation. He is the only provider that I feel has my best interest in mind. I highly recommend Jerry for your real estate financing needs. He is experienced, trustworthy, and knowledgeable!
Jerry did a super job at getting us qualified for a home loan. He was very responsive and kept us updated along the process. I highly recommend Jerry for your future mortgage needs.
Jerry gave us sound advice during our first home purchase. We were unfortunately not working with Jerry as our loan agent then, and we almost did not get our house! However, Jerry helped us come up with a plan and acted as a sounding board. We went to him for our refinance and had a great experience. We then used him for our second home purchase. Jerry is extremely knowledgeable and a no BS kind of guy. He tells you upfront how long things are going to take and the cost. We own a business and have self employed income, which makes things slightly more difficult when trying to purchase a home. He has access to more lenient lenders than a traditional bank. Bottom line he has great communication, does not promise on things he cannot deliver, and has the experience you want to make your experience less stressful.
Jerry helped us with the purchase of our first home. We were on the waitlist to qualify for a moderate income home and since he knew we would qualify he pushed for us to be next in line. We love our new home! Thanks Jerry!
My best refinancing experience ever! Jerry was consistently in regular touch with us. He locked the best rate ever for us. The whole process took just one month; it was indeed fast track. Jerry knows what he is doing, and he is a very responsive professional. He provides valuable financial advice to make sure you make the right choice and decision.
Our best mortgage experience ever! Jerry got the best possible rate for us, and he saved us a lot through refinancing by reducing our debt. Jerry is a very responsive professional, and I believe he gives valuable financial advice to ensure that you make the right decision and pick the best choice.
Jerry worked diligently to meet my home purchase needs and timeline. He worked hard to get me the best interest rate and terms possible. I gladly endorse his professional services.
Mr. Shumard was a great agent, very polite , friendly and responsive, We refinanced our home with him. I really couldn’t find any negative point to mention about him. I recommend him for any new buyer or old owner.
Mujhgan
My family and I have refinance our homes with Jerry four times over the last several times. There is nothing easier than working with him and his team. All paperwork was done online and without any hassle. I highly recommend Jerry and his team.
Sunny Grewal
I highly reccommend Jerry he got us refinanced when nobody else could being an owner operator its sometimes hard to get a loan it was all done online hassle free thanks Jerry
I was introduced to Jerry through my financial advisor.
Jerry was very professional and friendly.
My refinance was not your basic refinance, with a trust and other factors.
Jerry was always in constant contact with me and kept me updated during the entire process.
Jerry locked me in at a great rate, when the rates were at their lowest.
I received continuous updates via calls and emails during the process.
All documents were completed via secured emails.
I highly recommend Jerry and his team to anybody who wants a easy, smooth, and professional refinance.
I recently worked with Jerry on a refi of my home. He is very honest and helpful. I highly recommend him to others for mortgage services.
I have been looking for a quality company to do a refi with and Jerry was recommended. I could not be happier with the experience through the process. He was always available when I had questions and made the process very smooth. I would highly recommend Jerry to anyone interested in his services.
Jerry is phenomenal! I have worked with him for many years and always recommend him to my friends. He knows what he is doing and NEVER over promises but instead provides guidance in the process and accurate assessments of expectations. Another aspect is the team Jerry relies on, they are top notch for sure and run their businesses with the same high value.
Jerry and team were wonderful. Fast, easy close that saved us so much money! No surprises along the way. The whole process was straightforward and simple. Would recommend Jerry to everyone. Incredible service!!!
super professional and really great experience overall.
Jerry is a loan Super Hero!
Jerry has done loans for hundreds of my customers. I have seen him work on some very tough deals. He listens to what people need and he gets it done. Another one of Jerry's strengths is that he is a great communicator. You will know exactly what's happening and what needs to happen. For these reasons, I thought of Jerry when I did my own loan. Jerry has a great team and portfolio of products. I wouldn't go to anyone else!
Jerry and his team took the time to understand my specific situation, provided and explained the best options, and then walked me through each step of the process to completion. He set clear expectations, so I was prepared. Each time I had a question or concern he patiently listened, reviewed, and explained it to me. I have worked with Jerry before. He reduces the stress of buying a home,. I am thankful and completely confident working with him and his team!
It was a pretty seamless and pain-free experience working with Jerry on our recent condo purchase. He's smart and knows the mortgage business, and just as important, the process and nuances of buyer loan qualification. If you have the opportunity to work with him, take it.