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Our Approach
Create Value for Homeowners
With access to a wide range of loans and lenders, as an independent mortgage shop, KuberFi is able to help homeowners obtain the best loans and to save borrowers time and money.
Services
Full Spectrum of Home Mortgage Programs
KuberFi represents borrowers. We negotiate with mortgage lenders to get the most competitive interest rates and pricing, to save your time and money.
Financial Analysis
Interest Rate is just one piece of a big puzzle. It is crucial to look at the financial roadmap more than just looking for a mortgage transaction.
Financial Management
Mortgage process is not simple. It is like an airplane ride. Turbulence may or may not happen. It is important to understand who you are working with.
Investment
Wholesale mortgage lenders have gone creative on offering programs and solutions that can help get best return on the investment.
Financial Protection
Staying safe and saving cash is what the new normal calls for. COVID has taught us how important it is to protect and cherish what we have.
COVID has taught me a lot and the new normal requires additional focus on client centric mortgage solutions as opposed to companies finding ways to maximize their business’ profits (to be brutally honest – ways to keep adding to their luxuries). Savings belong to clients. #BrokersAreBetter
Kuldip Bhatt
Frequently Asked Questions
Definition of "Mortgage rates"
- Mortgage rates are interest rates on home loans
- There are really TWO mortgage rates: the interest rate (or “note rate”) applied to your loan amount (or “principal”) and the rate implied by certain upfront costs (the “effective rate”).
- APR (Annual Percentage Rate) attempts to convey that “effective rate.”
- Understand the tradeoffs between upfront costs and payments over time
Definition of "Upfront costs"
Upfront costs are charged by multiple parties (examples include: lender, appraiser, credit bureau, local government taxes, homeowners insurance companies, attorneys/title company, etc.) Most of these costs will not change regardless of the loan type or the lender, but some will.
Upfront lender-related fees are common. They add to the overall cost of financing. Therefore, the NOTE rate differs slightly from the actual or “effective” rate you’re paying on your money.
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Definition of "Locking the interest rate"
At some point during the mortgage process, the contract interest rate (the one that ends up on the Promissory Note–the most official document stipulating the terms of repayment) must be “locked.” This means that there is an agreement between the borrower and the lender regarding what the contract rate will be. The rate-lock will also specify a date by which the mortgage must be closed and funded.
Lock Time Frames
Rate lock time frames can vary. Historically, the most common time frame had been 30 days. The regulatory changes of the post-meltdown era caused slightly longer turn-times for the various steps in the mortgage process, resulting in an increased prevalence of 45 and 60-day lock times. There continue to be shorter and longer lock time frames as well, depending on the lender. These include, but are not limited to 10, 15, 21, and 90 days.
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